The Great Britain pound rallied today as poor macroeconomic data from Europe increased the appeal of the UK currency as a safe haven against problems in the eurozone. The sterling trimmed its gains versus the euro as Britain’s retail sales unexpectedly fell.
Archive for April 24th, 2013
April 24th, 2013 at 21:09
April 24th, 2013 at 19:45
The Canadian dollar was falling today against the US dollar and the Japanese yen, but pared losses and is hovering near the opening level right now. On the other hand, the currency erased its gains versus the euro.
April 24th, 2013 at 13:48
Euro is losing ground today, thanks to more disappointing economic data out of Germany, and across the eurozone. Euro is down against all of its major counterparts due to concerns about the faltering German economy, and its affect on the rest of the eurozone.
April 24th, 2013 at 13:06
US dollar is trading mixed today, and is mostly rangebound, as Forex traders await developments. There is plenty to consider right now, between speculation of an ECB cut and interest in continued earnings reports.
April 24th, 2013 at 10:23
The Japanese yen weakened today as prospects for additional stimulus from central banks of developed nations attracted investors to higher-yielding assets and reduced demand for safety.
April 24th, 2013 at 9:39
The New Zealand dollar surged today after the Reserve Bank of New Zealand left its main interest rate unchanged and suggested that there will be no rate cuts this year.
April 24th, 2013 at 4:58
The Australian dollar fluctuated today, but was fairly resilient even as both global and domestic fundamentals were not supportive for the currency that is linked to commodities and economic growth.
April 24th, 2013 at 4:02
The Canadian dollar retreated today following yesterday’s gains as poor macroeconomic data from the United States and China drove commodity prices lower. The rally on the previous trading session was caused by good domestic fundamentals.