The Japanese yen continued to grow against the other major currencies for a third day today even after the worse than expected GDP data was released in Japan, as the risk-aversion still remains popular…
Posts published in “News”
Pound Down on Weaker than EU Outlook
The pound started the week down versus the euro and the U.S. dollar as sentiment towards other wealthy nations in the world remain more positive than the U.K.’s economic perspectives, forcing investors to abandon pound…
Bullish Dollar on Rate Bets, Stocks Downmarket
The U.S. dollar reached the highest level in a month versus the European common currency and also gained versus all high-yielding options among currencies as pessimism returned to stock markets and bets that interest…
Is It The End of Dollar’s Decline?
The U.S. currency rebounded sharply yesterday before the end of this week’s session as a better than expected jobs report started speculations that interest rates in the U.S. will be hiked by the Federal…
Dollar Posts Weekly Decline as Risk Surged
The U.S. currency is set to another weekly devaluation versus the euro and most high-yielding currencies as risk appetite remained strong during most of this week’s session, forcing the dollar down as investors…
Australian Dollar Rebounds Before U.S. Jobs Data
After declining considerably yesterday versus the greenback, the Aussie dollar recovered today and is heading towards another weekly gain versus its U.S. counterpart as a report is likely to post favorable…
Less Liquidity Stronger Euro. Or Not?
The single European currency tried to break the latest resistance level, set 8 days ago, as the future of the macroeconomic conditions around the euro were revised after Jean-Claude Trichet‘s statement today. But,…
Crude Oil Tumbles Pushing Canadian Dollar Down
The Canadian dollar is extremely linked to the crude oil and equities markets performance, and after a day of rising risk aversion, the loonie declined as appeal for commodities and stocks dropped. After touching a two-week high…
Mexican Peso Up as Stocks Hit Record High
The Mexican currency had a winning performance versus several important currencies as stocks rallied on speculations that the Latin American economy will recover faster than other emergent markets. After Mexican…
Yen Drops on Intervention Talks
The Japanese currency declined versus most of the 16 main traded currencies after speculations rose that Japanese officials are ready to intervene on the current yen’s level, as it would be an obstacle…