GBP Lower vs. USD & JPY, Higher vs. EUR After Mixed Data

The Great Britain pound edged a little lower against the US dollar and the Japanese yen but gained on the euro today after the release of macroeconomic data from the United Kingdom. The reports were mixed, providing no clear direction for the currency.

Canadian Dollar Sinks with Oil Prices

The Canadian dollar sank yesterday and retained its losses today due to the drop of crude oil prices. Crude declined as the complicated situation with Greece deterred traders from buying commodities.

Euro Bounces During Monday’s Volatile Trading

The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop.

Swiss Franc Recovers Despite Actions of SNB

The Swiss franc gained today against the US dollar and the euro as the risk-negative sentiment on the Forex market drove investors to the safety of the Swiss currency. Initially, the Swissie traded lower versus the greenback due the intervention from the central bank.

Mexican Peso Suffers from Risk Aversion Caused by Greece

The Mexican peso fell against the US dollar today as the debt crisis in Greece made traders unwilling to buy riskier currencies of emerging economies. The currency bounced from the daily low as of now but is still trading below the opening level.

Euro Ends Week with Losses, Next Week Promises Volatility

The past trading week was dominated by the debt problems of Greece and attempts to find a solution that would be acceptable both for the indebted country and for its creditors. Yet no agreement has been reached, and with the June 30 deadline looming close, traders preferred to get rid of the euro, leading to a weekly drop of the currency.

Euro Ends Friday Lower as Greece Rejects Proposal

The euro ended Friday lower as the short-term proposal to Greece from its international creditors was rejected, leaving just a few days to find a solution to the Greek debt woes before the troubled country runs out of money.

Japanese Yen Weakens as Inflation Slows

The Japanese yen fell during the current trading session as today’s data showed that nation’s inflation slowed. This means that the Bank of Japan may boost monetary stimulus to achieve its target 2 percent inflation.

NZ Dollar Goes Lower Even as Trade Surplus Widens

The New Zealand dollar dropped against its US counterpart and the Japanese yen today even though domestic fundamentals were supportive for the currency as the nation’s trade balance demonstrated an unexpected surplus.

UK Pound Mostly Rangebound Today

UK pound is mostly rangebound today, thanks to a lack of new data. Additionally, a recent speech from David Cameron has many speculating about the United Kingdom’s relationship to the European Union.

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