Brazilian Real Down to Five-Year Low

The Brazilian real dropped today, falling for the fourth consecutive trading session and reaching the lowest level in five years against the US dollar, as the outcome of the presidential elections remains uncertain.

Ruble’s Woes Continue

Woes of the Russian ruble continue as the currency extended its drop today due to concerns that Standard & Poor’s may reduce Russia’s credit rating to junk, adding to incentive for investors to avoid Russian assets.

Dollar Index Heads Lower After Bouncing Earlier

US dollar index is lower, even though the greenback is trading mixed today. The weighting of the euro in the dollar index’s basket of currencies means that the gains by the euro are weighing on the dollar index today. Even though the dollar is lower against the euro, it is still gaining ground against the UK pound and the Japanese yen.

Euro Gains on Manufacturing Data

The latest manufacturing data is in for the eurozone, and it’s more positive than expected. As a result, the euro is gaining ground against many of its counterparts. This might the news that the 18-nation currency region has been waiting for, since it signals that maybe another recession isn’t inevitable after all.

Aussie Edges Lower Despite Positive Data

The Australian dollar edged lower today even as economic indicators from Australia and abroad were supportive for the currency. Yesterday’s positive economic data from the United States made traders to prefer the US currency over riskier ones.

NZ Dollar Dips as Inflation Misses Analysts’ Projections

The New Zealand dollar dipped today after a report showed that consumer price inflation stayed unchanged last quarter, while analysts expected it to accelerate. The currency is consolidating as of now after the initial drop.

Swiss Policy Makers Still Think Franc is Overvalued

The Swiss franc fell along with the euro against the US dollar today as Swiss policy makers continue to talk about excessive strength of the currency and need to keep the ceiling on the franc. The Swissie managed to rise against the euro itself.

CAD Edges Higher After Bank of Canada Meeting

The Canadian dollar advanced today after the Bank of Canada left its monetary policy unchanged. The currency was soft previously as retail sales data was rather negative.

UK Pound Slumps After BOE Minutes

Once again, the Bank of England is disappointing Forex traders, and that is leading to a lower pound today. With a rate hike nowhere in sight, there is little to help the sterling against its major counterparts.

US Dollar Gains Ground on Risk Aversion

Risk aversion is back in the markets, and the US dollar is gaining ground as a result. The greenback is still considered one of the safest bets in the world, and with uncertainty all around, and choppy stock performances, it is no surprise that the greenback is preferred right now.

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