European Data, Doubts About ECB, Help Euro

Euro is higher today, gaining ground after the latest round of economic data, and as Forex traders start to doubt whether or not the ECB really will ease enough to keep the euro down.

Yuan Little Change After IMF Makes It Reserve Currency

The Chinese yuan was little changed against the US dollar today after the International Monetary Fund decided yesterday to include the currency in its basket of currencies that make up the Special Drawing Right (SDR).

Franc Weakens as Negative Data Reinforces Case for Stimulus

The Swiss franc fell against the euro and erased its previous gains versus the US dollar today as the stagnating economy and falling retail sales contributed to speculations that the Swiss central bank will ease its monetary policy further during this month’s policy meeting.

Chinese Yuan Poised to Join Reserve Currency Basket

Many experts and policymakers are watching today for the announcement that the Chinese yuan (also called the renminbi) will be added to the IMF’s Special Drawing Rights basket.

Is the Dollar Index About to Reach a New Cyclical High?

US dollar index is higher today, thanks in large part to the continued struggles of the euro. With the dollar index above 100, many are looking to see if it reaches the highs seen last March.

Euro Ends Week Mixed, Waits for ECB

During the past trading week, the euro was down against the US dollar and the Japanese yen, mostly flat versus the commodity currencies, but managed to gain on the Great Britain pound and the Swiss franc.

Swiss Franc Sinks to 10-Month Low vs. Dollar & Yen

The Swiss franc slumped to the lowest level in ten months against the US dollar and the Japanese yen today. The currency also sank against its other major peers. The reason for the drop were speculations that if the European Central Bank eases monetary policy then the Swiss National Bank is going to follow suit.

Yen Mixed amid Divergent Economic Data

The Japanese yen was mixed today, falling against the US dollar but rising against some other major rivals, like the euro. The divergent performance could be explained by the varying economic reports released today.

Yuan Drops as Regulators Expand Probe on Brokerages

The Chinese yuan dropped against the US dollar today as the Chinese stock market crashed after regulators expanded their probe on brokerage firms.

Canadian Dollar Flat, Can Potentially Go Lower

The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices for crude oil coupled with poor economic data from Canada suggest that the currency may go lower once trading recovers after the holiday in the United States.



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