The Japanese yen dropped today as the advisory panel said that Japan’s Government Pension Investment Fund no longer needs to stick to a ”domestic-bond-centric portfolio” as the country moves out of deflation.
March 06th, 2014 at 12:16
Macroeconomic indicators continue to suggest that Australia’s economy experiences stable growth. This led to gains of the Australian dollar. Hopes for improvement of the global economy helped the currency too.
March 06th, 2014 at 2:15
The Indian rupee was strong today as the nation’s current account deficit fell to the lowest level in four years with the help of measures that limited gold imports.
March 05th, 2014 at 23:54
The Great Britain pound was strong today in spite of economic data that was mixed at best. The housing data was very poor, while the service sector expanded with decent pace even though the growth was a little bit slower.
March 05th, 2014 at 17:44
Today, US macroeconomic data was disappointing yet again following the set of positive reports released on Monday. It did not affect the US dollar in a strong manner as the greenback fell against the Great Britain pound, but managed to keep gains versus the euro and the Japanese yen.
March 05th, 2014 at 16:21
The Australian dollar advanced today as nation’s economic growth accelerated, exceeding analysts’ expectations. It supported the outlook that the Australian economy will be able to grow without additional stimulus.
March 05th, 2014 at 15:11
Loonie is getting a boost today, thanks in large part to the fact that the world appears to be calming down and risk appetite is returning. Thanks to expected improvements to the Canadian economy, and to an improving situation around the world, the Canadian dollar is heading mostly higher today.
March 05th, 2014 at 13:56
Euro’s latest economic data was better than expected, but that doesn’t seem to be solving the 18-nation currency’s problems right now. Euro is still struggling in Forex trading, with many thinking that issues in Ukraine represent a risk to the eurozone economy.
March 04th, 2014 at 22:15
The Swiss franc tumbled today as the improving geopolitical situation made traders to lighten up some of their positions in safe assets, including the Swissie. The Japanese yen, another currency that is perceived to be safe, was even weaker, falling against its Swiss counterpart.
March 04th, 2014 at 21:16
The Japanese yen experienced a massive sell-off today as tensions in Eastern Europe eased, improving the sentiment among Forex traders and reducing need for safer currencies, which has supported the yen yesterday.