China’s Data Makes Aussie Stronger

The Australian dollar advanced against its US counterpart for the third straight session today and rose against other most-traded currencies as well with the help of positive economic data from China. The Aussie was unable to maintain its rally versus the Japanese yen but kept rising against the greenback and the euro.

CAD Turns Down, Positive Data Doesn’t Help

The Canadian dollar started the week with losses against some of its major peers, including the euro and the Japanese yen, and continued to fall today. Monday’s economic data was positive, but it did not help the currency.

Russian Ruble Tumbles After Moody’s Downgrade

The Russian ruble sank today following Friday’s announcement from Moody’s about a downgrade of Russia’s credit rating due to the damage that sanctions from the United States and the European Union have done to the already fragile Russian economy.

Housing Data Supports Sterling’s Rally

The Great Britain pound gained today as UK house prices were rising with accelerating pace this month, alleviating some fears that investors have had about Britain’s economy. Experts are still skeptical about the pound’s ability to keep rising, though.

Dollar Drops on Rate Hike Speculation

The new speculation about rate hikes is that they might come a little later after all. This new view of interest rates has many Forex traders turning away from the dollar, and instead buying other currencies.

Euro Trades Mixed on the FX Market

Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance.

CAD Falls Over Week, Trims Losses By Weekend

The Canadian dollar fell over the week as prices for crude oil were slipping. The currency bounced by the end of the week, trimming its weekly losses, due to a positive inflation report and recovery of prices for crude.

Higher Stocks Help UK Pound

UK pound has been ailing recently, and the gains for stocks today are helping remedy that — at least for now. Concerns about the UK economy are on the rise, so the sterling’s gains today may not last.

Peso Retreats as Chilean Central Bank Cuts Interest Rate

The Chilean peso fell against the US dollar today as the nation’s central bank reduced its key monetary policy interest rate yesterday for the fourth consecutive time.

Dollar Rallies with Help of Impressive Economic Data

The US dollar rallied today with the help of very impressive economic data from the United States. It is a stark contrast to the yesterday’s trading session, which ended with huge losses for the US currency due to bad economic indicators. At the same time, the Great Britain pound was able to outperform the greenback.

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