The Swiss franc dropped today on speculations that the Swiss National Bank will implement negative interest rates as a measure to keep the currency weak and to help the nation’s economy overcome its problems.
September 15th, 2014 at 11:25
September 15th, 2014 at 10:47
Yen is higher today, thanks in large part to the fact that China’s weak data is prompting strong risk aversion. Even though the yen is higher now, though, there are many who think that the yen will move lower in the future, due to the fact that the Japanese government is running out of options.
September 15th, 2014 at 10:25
Euro would have been weakening anyway, thanks to recent efforts from the ECB, but weak Chinese data is weighing on risk appetite, and the euro is down across the board.
September 15th, 2014 at 9:47
The Australian dollar opened sharply lower today due to worse-than-expected economic data from China released over the weekend. While the currency bounced from daily lows, it is still far below the Friday’s closing rate.
September 14th, 2014 at 6:02
The US dollar demonstrated somewhat mixed performance this week but retained its strength for the most part. Many market analysts consider this as a sign that traders are strongly convinced in inevitability of an interest rate hike from the Federal Reserve.
September 13th, 2014 at 2:40
The Australian dollar experienced a terrible week, falling for four days in a row against the Japanese yen and for every single day of the week against its US and New Zealand counterparts as well as the euro. Even Thursday’s positive employment data was not able to provide support for the currency.
September 12th, 2014 at 17:26
The US dollar rose against the Japanese yen today as positive economic reports from the United States continued to fuel expectations of tighter monetary policy from the Federal Reserve. At the same time, the greenback slipped versus the euro and the Great Britain pound.
September 12th, 2014 at 17:04
The New Zealand dollar was extremely soft this week, and the current trading session was not an exception. The currency fell against its major peers even though economic data from New Zealand was rather positive.
September 12th, 2014 at 10:34
Euro has weakened quite a bit recently, but, even so, some European policymakers believe that the 18-nation currency is still too strong.
September 11th, 2014 at 10:43
UK pound is seeing slight gains today, perhaps in correction for recent difficulties, which are the result of concerns over what’s next for Scotland. Even though the sterling is higher, the gains are precarious, as the Scottish independence vote injects uncertainty into the situation.