The Australian dollar fell today after the Reserve Bank of Australia held its monetary policy meeting, but managed to rebound later and now trades near the opening level against the Japanese yen and above the opening versus the US dollar.
December 02nd, 2013 at 23:35
The Canadian dollar slid today against its US counterpart, but managed to log gains versus the euro and the Japanese yen. This week should be important for the currency as the Canadian central bank conducts its monetary policy meeting on Wednesday.
December 02nd, 2013 at 21:41
The Great Britain pound was rising today as the gauge of Britain’s manufacturing increased last month, exceeding expectations. Yet the currency shed part of its gains as of now and actually trades below the opening level against the US dollar.
December 02nd, 2013 at 16:28
Euro is mostly lower today, thanks in large part to the fact that there are mixed results in the latest PMI report. Concerns about the ability of the eurozone to sustain its recovery moving forward are manifesting following the latest mixed data from member countries.
December 02nd, 2013 at 15:33
Once again, speculation about what’s next for the Federal Reserve is driving the US dollar in Forex trading. This time, it’s speculation that the Fed could actually begin tapering its asset purchases by the end of the year.
December 02nd, 2013 at 12:31
The Japanese yen fell today yet again as signs of growth in major world economies reduced demand for the currency as a safe haven, while persisting monetary accommodation in Japan continues to eat away the yen’s strength.
The Australian and New Zealand currencies rose today as expansion of China’s manufacturing sector beat forecasts, resulting in risk appetite and demand for growth-related currencies. The currencies lost some of their gains by now.
November 30th, 2013 at 10:19
The Japanese yen was among the biggest losers on the Forex market this week and this month. It looks like traders believe that Japanese policy makers will inevitably add monetary stimulus, weakening the currency further.
Canada’s economy maintained pace of its growth in September. The Canadian dollar attempted to rally on the positive data, but failed and now trades near the lowest level since October 2011 against its US counterpart.
November 29th, 2013 at 17:18
The Japanese yen maintained its weakness today even after data showed that inflation accelerated, reducing incentive for the Bank of Japan to increase monetary accommodation.