The Norwegian krone rose against the US dollar today after the nation’s central bank basically ruled out the possibility of an interest rate cut. The gains of crude oil also helped the currency. The Norges…
Posts published in June 2017
Dollar Index Unchanged as Fundamentals Muddy
June 22, 2017
The US dollar was little changed today as US economic reports did not give the currency an edge and market participants were unsure whether the Federal Reserve will be able to carry…
The British pound traded within a tight range against the euro and the US dollar on Thursday after erasing some of the gain it posted on Wednesday. Comments made by an official from the Bank of England pushed…
The EUR/USD currency pair today traded in a tight range despite the positive economic report released by European Central Bank during the European session. The US dollar was also flat during today’s…
The Canadian dollar surged against the US dollar and the British pound on Thursday following the release of retail sales data for April, which revealed solid growth. The positive data came after a wholesale sales…
Japanese Yen Rises as Oil Falls, Trims Gains Later
June 22, 2017
The Japanese yen rose against other most-traded currencies as the drop of crude oil weighed on inflation in developed economies. The yen was rising today as US crude dropped to almost $42. Lower energy…
NZ Dollar Rallies After RBNZ Policy Meeting
June 22, 2017
The New Zealand dollar rose today after the monetary policy meeting of the Reserve Bank of New Zealand dollar, which was considered to be hawkish by market participants. The RBNZ kept its main…
The US dollar traded within a tight range against the euro on Wednesday following strong gains earlier this week that were stoked by an improved outlook for higher interest rates in the United States.…
The GBP/USD currency pair rallied higher today after Queen Elizabeth‘s speech at the Mansion House during the opening of the UK parliament. The currency pair was also boosted by comments from the Bank of England‘s…
Canadian Dollar Follows Crude Oil Down
June 20, 2017
The Canadian dollar fell during the Tuesday’s trading session, tracking the decline of crude oil prices. Positive domestic macroeconomic data was unable to help Canada’s currency. Crude oil fell on Tuesday…