Loonie Trades Mixed, but Higher Against the US Dollar

Canadian dollar is trading mixed today, but is higher against the US dollar. With oil prices recovering a bit, and with the greenback pulling back a little after its recent run, the loonie is pressing its advantage.

Euro Attempts to Recover During Early Trading

The euro is attempting to recover at the start of today’s trading session after sinking yesterday. The currency was soft during the previous session as comments from European policy makers pictured a pessimistic outlook for Europe’s economy.

Pound Drops vs. Dollar, Gains on Euro

The Great Britain pound fell against the US dollar during the current trading session as today’s data showed decline of UK house prices. The general risk-off market sentiment was not helping the currency to hold ground against the greenback though it allowed the sterling to outperform the euro.

NZ Dollar Turns Downward Reversing Rally

The New Zealand dollar was rising today for the most part of the current trading session, but the currency turned downward after about 17:15 GMT. The kiwi was rising earlier as retail sales exceeded expectations.

US Dollar Mostly Higher After Wild Morning

US dollar is mostly higher after a wild morning in Forex trading. While greenback spiked against the yen earlier, the dollar is now down against its Japanese counterpart. However, the US dollar is higher against European currencies and against the Canadian dollar.

Aussie Swings, Then Moves Lower

It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts.

EUR/USD Consolidates, EUR/GBP & EUR/JPY Rally Over Week

This week was rather good for the euro. The shared 18-nation currency managed to stall its decline versus the US dollar and even rallied against the Great Britain pound and the Japanese yen. It is still questionable, though, whether the currency will be able to retain its strength in the future.

Woes of Brazilian Real Continue

The Brazilian real continues to experience weakness. Today’s drop is a result of worse-than-expected macroeconomic data. Concerns about the government’s ability to tackle fiscal challenges, which the country is enduring, also played their role

Traders See No Reasons to Buy Yen

The Japanese yen weakened today, trading near the lowest level for this year against the euro and reaching the weakest rate in more than seven years versus the US dollar. Traders have plenty of reasons to sell the yen and few to buy the currency.

Sterling Set to Close Much Lower on the Week

UK pound continues to struggle in currency trading, and this week looks to end on a low note. Even with signs that the economy could be improving, the sterling is still down against its major counterparts.

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