Pound Sinks, Finds No Help from Construction PMI

The Great Britain pound sank to the lowest level since March against the US dollar today. The currency was also weak against other majors, even the Japanese yen, against which the sterling has rallied earlier.

Fundamentals Play Against New Zealand Dollar

The New Zealand dollar sank today against its US counterpart, touching the lowest level since February, and fell against other major currencies as the market sentiment was not particularly favorable to currencies of emerging markets that are associated with risk.

QE Speculation Weighs on EUR/USD

Euro is mixed today, dropping against the US dollar, even as it gains against the UK pound and Japanese yen. One of the reasons that the euro is struggling against the dollar is the speculation that the ECB will have to implement quantitative easing.

Could Ukrainian Troubles Help the Loonie?

Canadian dollar is trading mixed today, but there are some that feel that there is strength coming for the currency. Thanks to the Tim Horton’s deal, as well as the possibility of higher demand in Europe for energy from non-Russian sources, the loonie could see some improvements.

Aussie Keeps Losses After RBA Meeting

The Australian dollar fell against its US peer and the euro ahead of the monetary policy announcement of the Reserve Bank of Australia and maintained losses afterwards. The currency rallied to the highest level in a year and a half versus the Japanese yen but retreated as of now.

Fed Policy Outlook Continues to Support US Dollar

The US dollar rose against almost all of its major counterparts today, touching the highest level since January versus the Japanese yen and reaching the strongest rate in a year against euro, as the monetary policy outlook continues to support the currency.

Indian Rupee Erases Losses

The India rupee retreated today on speculations that the nation’s central bank intervened in order to prevent excessive appreciation of the currency that may hurt the country’s economic growth. The currency managed to pare losses and resumed its rally as of now.

USD/RUB Reaches Record High on Sanctions Worries

The Russian ruble fell to the all-time low against the US dollar today as concerns about sanctions from the United States and the European Union continue to erode the attractiveness of the currency to investors.

Another Weekly Decline for Euro on Easing Bets

The euro experienced a very bad week, falling to the lowest level in almost a year against the US dollar, even though most other major currencies, including the Great Britain pound and the Japanese yen, were rallying versus the greenback.

AUD Falls vs. USD, Holds Ground vs. JPY

The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese yen.

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