EUR/USD fell today despite all macroeconomic reports released in the eurozone during Wednesday’s trading session were good, and the vast majority of them beat expectations. Against other rivals, the euro did…
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Swiss Franc Strong, Defying Fundamentals
The Swiss franc was the strongest currency on the Forex market today, rising against all other most-traded rivals. That was a very puzzling performance, considering that news neither from Switzerland…
Pound Sinks After Comments from EU Chief Brexit Negotiator
The Great Britain pound dropped today, falling against all other most-traded currencies. It dropped even versus the Japanese yen, which previously was the weakest currency during Wednesday’s trading.…
NZ Dollar Stable Despite Drop in Overseas Trade Index
The New Zealand dollar was stable today, staying flat against most of its rivals and even gaining on some of them. That is despite the worse-than-expected trade report released on Wednesday. Statistics…
Yen Soft After Economic Data, BoJ Deputy Governor’s Comments
The Japanese yen was very weak today. In fact, it logged losses against all other most-traded currencies. Domestic macroeconomic data was decent, therefore it could not be…
Australian Dollar Flat Despite Better-than-Expected GDP
The Australian dollar was trading flat today even though Australia’s gross domestic product rose more than was expected and the central bank’s chief delivered a rather optimistic speech. The Australian…
AUD/NZD in Freefall After 1.0474 Gave Way
The Australian versus the New Zealand dollar currency pair is under heavy bearish pressure. Could the bulls still do something to rectify the situation? Long-term perspective After the 1.0551 firm support…
Canadian Dollar Strengthens on Q3 GDP, Manufacturing PMI Growth
The Canadian dollar is strengthening against its US counterpart on Tuesday, buoyed by third-quarter economic growth and rebounding manufacturing activity. But the loonieâs rally was capped by sliding crude oil prices…
US Dollar Drops amid Risk Appetite, Outlook for Stimulus
The US dollar fell against a basket of currencies today as risk appetite on the market limited demand for safety provided by the greenback, while the outlook for stimulus in the United States further damaged the appeal of the US currency.…
Euro Surges to Multi-Year Highs Against Dollar as US PMI Misses
The euro today rallied to multi-year highs against the dollar boosted by the positive investor risk sentiment amid heightened optimism about the global economic recovery.…