Canadian Dollar Pushes Higher, Tracing Rally of Crude Oil

The Canadian dollar was strong today, rising against its US counterpart and erasing losses versus the euro. The rally of crude oil undoubtedly contributed to the currency’s strength.

Fed Minutes Provides Limited Support for US Dollar

The US dollar has been rather soft during today’s trading but the release of Federal Reserve’s policy minutes changed that. While the currency slipped immediately after the release, it quickly bounced and started to move up, though it looks like the currency’s upward momentum has run its course.

Loonie Remains in Holding Pattern Against Major Counterparts

Canadian dollar is mostly in a holding pattern right now, keeping steady against most of its major counterparts. Even with oil prices getting a little bump today, the loonie is still mostly steady.

Euro Recovers from Yesterday’s Disappointing German Data

Euro is higher today, after recovering from yesterday’s disappointing German data. Euro is higher across the board, gaining ground as other major currencies demonstrate weakness.

Great Britain Pound Falls After Bank of England Meeting

The Great Britain pound fell following the Bank of England’s monetary policy meeting. The policy minutes were not particularly hawkish, leading to speculations that British policy makers could be forced to leave interest rates at the record low for a prolonged period.

Yen Mixed Following Release of Economic Data from Japan

The Japanese yen was mixed during Thursday’s trading session following the release of economic data from Japan. The currency was up against the US dollar but down versus the Japanese yen.

Greenback Trades Mixed Against Major Currencies

Even though the greenback is trading mixed against its major counterparts, the dollar index is still higher today, thanks in part to the fact that the euro (which is weighted most heavily in the basket) is lower against the US dollar.

NZ Dollar at Highest in Six Weeks as Dairy Prices Pick Up

The New Zealand dollar extended its rally today, reaching the highest level since August 24 (the day when the currency has demonstrated a huge slump) against the US dollar and the Japanese yen.

Yen Climbs as Bank of Japan Makes No Move

The Japanese yen gained today following the monetary policy of Japan’s central bank. The bank refrained from making its policy more accommodative as some analysts had expected, thus supporting the currency.

Dollar’s Weakness Helps Euro

The euro rallied against other major currencies on the back of the weak US dollar today even though the situation in the eurozone itself did not promote a rally of the shared 19-nation currency.



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