Market Sentiment Doesn’t Favor Risk, Ringgit Suffers

The Malaysian ringgit fell today as risk aversion eroded the appeal of higher-yielding currencies associated with risk. The market sentiment was hurt by prospects of early monetary tightening from the Federal Reserve.

Loonie Trades Mixed on Latest News

Canadian dollar is trading mixed today, seeing different results thanks to the latest news and data released around the world. With stocks looking to rise, loonie is a getting a boost against some of its counterparts.

Euro Drops as Easing Bets Rise

Euro is heading lower today, thanks in large part to the fact that bets are on the rise related to the idea that the European Central Bank is likely to put into place more easing measures for the 18-nation currency.

US Policy Outlook Spurs Dollar to Weekly Gains

This week was very positive for the US dollar, allowing it to reach a new high for this year against the euro and to gain against other major peers. The major reason for the rally was the comments of US policy makers.

Indonesian Rupiah Gains as Court Supports Election Outcome

The Indonesian rupiah advanced today after the country’s Constitutional Court ruled in favor of Joko Widodo, rejecting challenges against the outcome of the July presidential elections.

S&P Comments Bolster Indian Rupee

The Indian rupee climbed after Standard & Poor’s praised the efforts of the country’s government to reduce the budget deficit, which may improve the outlook for India’s sovereign credit rating.

US Data Keeps Dollar Strong

Economic data from the United States allowed the US dollar to rally against its major peers, including the Great Britain pound and the Japanese yen, yesterday and to maintain gains today. The currency fell against the euro but not before reaching the highest price since September.

UK Retail Sales Make Life Harder for Sterling Bulls

The Great Britain pound fell a bit today after retail sales missed forecasts, reinvigorating concerns about Britain’s economic growth. The losses were limited though, and the sterling managed to gain ground as the monetary policy outlook supported the currency.

Aussie Recovers After Big Drop

The Australian dollar dipped today after manufacturing data from China disappointed traders. Yet for whatever reason the currency was able to erase the big drop and trades near the opening level right now.

FOMC Minutes Lead to Massive Gains for Dollar

The US dollar jumped today, rising to the highest level since April against the Great Britain pound and the Japanese yen, while also touching the strongest price in almost a year versus the euro. The reason for the stellar performance was the minutes of the latest Federal Reserve policy meeting.

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