Canadian Dollar Gains Ground Against Major Currencies

Canadian dollar continues to rally today, heading higher against its major counterparts. Even with slightly lower oil prices, the loonie is heading higher, continuing its rally from last week.

Dollar Ends Week Mixed, Remaining Weakest Currency in April

The US dollar ended the week mixed but will likely end April as the weakest currency on the Forex market. The reason for the lackluster performance is the fact that many market participants no longer anticipate an early interest rate hike from the Federal Reserve.

EUR Ends Friday Higher vs. USD, Lower vs. GBP & JPY

The euro ended the Friday’s trading session higher against the US dollar but lower against some other most-traded currencies, including the Great Britain pound and the Japanese yen.

China’s Central Bank Sets Yuan Higher vs. Dollar

The Chinese yuan rose against the US dollar today. The reason for the gain was not like usual factors that drive the currency market but rather a direct influence of the nation’s central bank. The yuan fell versus the euro.

Pound Rallies Against Peers

The Great Britain pound rallied against its major peers today, extending the upward move that has started at the beginning of the last week. The currency rose even though yesterday’s economic data from the United Kingdom was rather negative.

US Dollar Continues Its Slump

Greenback looks to be ready to close out this week lower, thanks to a raft of data and a bit of profit taking. Also weighing on the dollar is a sense of waiting. The Fed meets next week, and many Forex traders are waiting for the outcome of that meeting.

Mexican Peso Drops, Some Investors Remain Bullish

The Mexican peso fell today against the US dollar but some investors remain very bullish on the currency, hoping that the growth of the US economy will benefit the peso.

Aussie Pares Losses vs. Greenback & Yen, Remains Soft vs. Euro

The Australian dollar fell during the Thursday’s trading session as economic data from both Australia and its biggest trading partner, China, pushed the currency lower. The Aussie managed to erase losses versus the US dollar and the Japanese yen but retained soft performance against the euro.

Swiss Franc Recovers from Yesterday’s Shock

The Swiss franc rallied today following yesterday’s big drop. The currency declined on Wednesday after the Swiss National Bank narrowed the range of deposits that are exempt from negative interest rates.

Interest Rate Speculations Send NZ Dollar Tumbling

The New Zealand dollar sank today against other major peers due to speculations that the Reserve Bank of New Zealand is not going to raise interest rates and may even perform a rate cut.

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