The Canadian dollar was extremely weak today, falling even against the soft US dollar. The Canadian currency was dragged down by the slump of crude oil prices and the unexpected decline of Canada’s economy.
July 31st, 2015 at 16:22
July 31st, 2015 at 15:44
The US dollar started the last trading session of this week on a strong footing but was unable to retain its strength to the end of trading. The currency is now broadly lower against other majors, falling more than 1 percent against the euro.
July 31st, 2015 at 9:49
The Australian dollar declined today even though domestic fundamentals were not particularly bad. The most likely reason for the currency’s poor performance is the outlook for monetary tightening from the Federal Reserve that drives most currencies down.
July 31st, 2015 at 9:10
The New Zealand dollar dropped during the current trading session as today’s data showed that business confidence is waning in the South Pacific Nation.
July 30th, 2015 at 16:56
The euro was in rout today after a report that the International Monetary Fund will not participate in the third round of the bailout for Greece. Prospects for monetary tightening in the United States put additional pressure on the euro, as well as on other currencies.
July 30th, 2015 at 16:00
The US dollar extended its yesterday’s rally today, rising against most of its major peers, even though US economic growth was somewhat disappointing last quarter. The Great Britain pound attempted to resist the dollar’s strength but was unable to keep gains.
July 30th, 2015 at 9:50
The Australian dollar attempted to rally today, defying adverse fundamentals, but the rally has been limited so far. In fact, the currency retreated to the opening level against its US peer, though managed to keep gains versus the Japanese yen.
July 30th, 2015 at 8:42
The New Zealand dollar fell today, driven down both by domestic macroeconomic data and by the monetary policy statement of the Federal Reserve. The currency was moving down for the past two days, but the drop was not enough to erase the huge Tuesday’s rally.
July 29th, 2015 at 21:04
The Canadian dollar gained against the euro and the Australian dollar today after a report showed that US inventories of crude oil shrank unexpectedly last week. The currency had also rallied against the US dollar but has lost its gains after the Federal Reserve concluded its policy meeting.
July 29th, 2015 at 19:43
The Federal Reserve ended its two-day meeting today, making no changes to its monetary policy — a move that surprised no one. The US dollar rallied after the event even though the Fed’s policy statement could not be called particularly hawkish.