Yen Weaker After Bank of Japan Minutes

The Japanese yen was weaker after the Bank of Japan policy minutes released earlier today. While the currency attempted to trim losses intraday, it resumed the decline as of now.

Canadian Dollar Continues to Struggle

After a bit of a rally, the Canadian dollar is struggling again. Even upbeat comments from the Bank of Canada can’t help the loonie overcome some of the realities of the current situation.

Pound Rally Slows in Forex Trading

The pound has enjoyed a rally recently, but that rally is slowing right now. Sterling is trading mixed today against its major counterparts.

US Data Supports Upward Momentum of Dollar

The US dollar gained more than 1 percent against the basket of major currencies today, reaching the highest level in almost 8 years against the Japanese yen. Today’s economic data from the United States added to the upward momentum of the greenback.

Yen – Biggest Loser on Forex Market During Tuesday’s Trading

The Japanese yen was the weakest major currency during today’s trading session. The yen slid not only against other majors, like the US dollar, but against commodity currencies as well.

NZD Falls vs. USD, Gains on Other Majors

The New Zealand dollar fell against its US counterpart during the Tuesday’s trading session but gained against other majors, including the euro. Data from New Zealand showed that the nation’s trade surplus shrank last month, but the decrease was not as big as experts have predicted.

Euro Falls on Greek Debt Worries

Greece is once again in the spotlight, and the euro has touched a one-month low against the US dollar today as concerns about Greek debt once again come to the front of mind.

Loonie Loses Ground, But Hope Appears

Canadian dollar is losing ground against some of its major counterparts today, but there has been a slight shift in the long-term outlook for the loonie. Even though the Canadian dollar is lower today, there might be room for some strength in the future as the economy improves and if oil prices continue to recover.

Yen Flat vs. Dollar After Trade Data, Gains on Euro

The Japanese yen was flat against the US dollar and gained on the euro after trade data from Japan had been released. Initially, the currency weakened against the greenback following the release but bounced later and is trading close to the opening level right now.

Euro Drops on Spanish Election

The Spanish election results are rolling in, and the news is of upsets. Concerns about a Greece-style situation in Spain are dragging on the euro as a result.

Archives

SUBSCRIBE

Subscribe to Forex News by E-mail: