Indian Interest Rates Unchanged, Rupee Still Weak

The Indian central bank left its interest rates unchanged at today’s policy meeting, but this did not prevent the rupee from falling.

Vietnamese Dong Stable After Central Bank Intervenes

The Vietnamese dong was stable today after the central bank said that it had intervened to support the currency that was continuously falling.

Fourth Weekly Gain for Yen

The Japanese yen gained this week as policy makers disappointed those Forex market participants who counted on continuous aggressive easing from the Bank of Japan. It was the fourth consecutive weekly gain.

CAD Reaches Monthly Record vs. USD Before Retreating

The Canadian dollar touched the highest level in a month against its US peer before retreating below the opening level yesterday. The currency fell against the Japanese yen as well because domestic fundamentals were not supportive for the currency.

Yen Closes Higher After BoJ Minutes

The Japanese yen closed noticeably higher today as the minutes of the Bank of Japan meeting in May showed that some policy members suggested limiting the term for quantitative easing.

Norway Krone Falls as Officials Talk About Stimulus, Rebounds

The Norwegian krone fell today on signs that policy makers are ready to stimulate economy if its growth slows further. As of now, the currency managed to return above the opening level.

Good Domestic Fundamentals Do Not Help NZ Dollar

The New Zealand dollar retreated today even though domestic macroeconomic data was rather good and suggested that the economy is faring well.

Positive US Indicators Bring CAD Higher

The Canadian dollar rallied today as positive macroeconomic data from the United States improved prospects for Canadian exports, increasing the appeal of the nation’s assets. The currency remained below the opening level against the Japanese yen and dropped versus the Australian dollar.

Positive Australian Employment Data Boosts Aussie

The Australian dollar jumped today after employment data turned out to be much more positive than was expected by Forex market participants. The report allowed the currency to gain against the US dollar and the euro, while against the Japanese yen the Aussie managed to erase losses.

Positive Data Helps the US Dollar

Positive economic data is helping the US dollar today. Forex traders can compare the situation in the eurozone with that in the United States, and see a contrast. As a result, the greenback is getting a little help today.

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