Euro Continues to Drop on Expectations of More Easing

There are expectations of more easing early in the coming year, and that is sending the euro lower today. Expectations that the ECB will have to take more steps to support the eurozone economy are being priced into the market right now.

CAD Ignores Negative Domestic Fundamentals, Unable to Outperform USD

The Canadian dollar soared today with the help of rising price for crude oil. This allowed the currency to ignore negative domestic macroeconomic data though it was unable to outperform the US dollar.

Dollar’s Drop After FOMC Meeting Short-Lived

Today, the Federal Open Market Committee released its last monetary policy statement this year. The US dollar dipped after the release but the drop was short-lived as the currency rebounded quickly.

Ruble Gains with Support from Bank of Russia

The Russian ruble jumped as attempts of the Bank of Russia to stem the currency’s drop resulted in a success, at least for now. The central bank was selling dollar and pledged to help companies to meet their foreign-currency debt obligations.

GBP Gains vs. EUR & JPY After BoE Minutes & Employment Data

The Great Britain pound dropped against the US dollar today but rose versus the euro and the Japanese yen. The minutes of the latest central bank’s policy meeting revealed that some policy makers want to raise interest rates. UK employment data was good, supporting the currency.

Euro’s Performance Resumes Downward Trend

Earlier, the euro saw some gains against its major counterparts. Right now, though, the euro is resuming its downward trend, losing ground to most of its major counterparts. Concern about the euro, and policy divergence, are weighing on the 18-nation currency.

Dollar Bounces After Decline

The US dollar bounced today following the decline during the previous trading session. The drop was a result of somewhat disappointing housing data from the United States.

Pound Mixed Following Poor Economic Data

The Great Britain pound was mixed today following yesterday’s surprisingly strong performance. The sterling was resilient during the previous trading session even though macroeconomic data from the United Kingdom was disappointing.

Loonie’s Struggles Continue as Oil Continues to Fall

Canadian dollar continues to struggle in Forex trading, thanks in large part to falling oil prices. There doesn’t seem to be a bottom to the oil collapse, and the loonie is most lower against its major counterparts as a result of the oil weakness.

Australian Dollar Mixed After RBA Minutes

Today, the Australian dollar rose against its US counterpart after reaching the new multi-year low earlier but fell versus the Japanese yen. The minutes of the central bank’s December policy meeting gave mixed signals to the markets.

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