The EUR/USD currency pair rallied higher today given the weaker US dollar as tracked by the US Dollar Index and the stronger euro. The currency pair rallied higher as the US NAHB housing market index…
Posts published in April 2017
Yen Thrives During Week of Risk Aversion
April 15, 2017
The Japanese yen was among the strongest currencies during the past trading week as rising risk aversion encouraged traders to stick to safer assets and to avoid riskier ones. The main theme during the week…
The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session…
The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was…
The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood. Rumors circulate that North Korea may be…
Britain’s Pound Steady During Holiday Trading
April 14, 2017
The Great Britain pound was little changed during the slow holiday trading after falling against the dollar and rising versus the euro yesterday. This week’s macroeconomic data was relatively helpful…
The US dollar rose against the euro and the British pound on Thursday, to erase some of the losses it had yesterday following remarks by President Donald Trump that the greenback is too strong. Trump…
The Australian dollar today rallied higher against the US dollar to lift the AUD/USD currency pair to new heights after the release of positive employment data for March. The Australian dollar’s rally lasted throughout…
The Canadian dollar today strengthened against the US dollar even as the Bank of Canada announced that its interest rates will remain unchanged. Although the bank maintained interest rates, it highlighted…
The Great Britain pound traded basically flat today after the release of employment data. The report was mixed, giving the currency no help in finding a direction to move. Average weekly earnings rose…