Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.
February 20th, 2014 at 14:03
Both domestic and overseas fundamentals were negative for the New Zealand dollar, and the currency dropped against the Japanese yen at the first half of today’s trading session. Yet despite the detrimental factors the kiwi managed to rebound against the yen, erasing losses, and to rise a bit versus the US dollar.
February 17th, 2014 at 23:21
The New Zealand dollar was flat today against its US counterpart and the euro because of conflicting fundamentals. On one hand, the news from China was good, boosting risk appetite among Forex traders. On the other, domestic economic data was not helpful for the New Zealand currency. The kiwi managed to rise versus the Japanese yen.
February 14th, 2014 at 19:18
The Australian dollar resumed its rally, following yesterday’s drop, as accelerating inflation in China improved prospects for exports from the South Pacific nation and lifted the traders’ sentiment.
February 12th, 2014 at 6:54
The performance of the New Zealand dollar did not differ from that of other growth-related currencies. In other words, the kiwi, as the New Zealand currency is nicknamed, was rising on the back of the positive market sentiment.
February 12th, 2014 at 5:37
The Australian dollar continued to show strength today with the help of a positive trade balance report from China. The currency managed to hold onto gains even as domestic data was not helpful, showing a decline of consumer sentiment.
February 05th, 2014 at 22:36
The Australian dollar was a bit soft today on concerns about slowing economic growth in China. The currency did not fall far after yesterday’s big jump, and it looks like the Aussie has bottomed out, ending the downtrend.
February 03rd, 2014 at 15:49
Euro is gaining some ground today, even after the difficulties seen with emerging markets and with risk appetite falling. Risk sentiment is fading, but the euro is managing to pull out some gains anyway.
February 03rd, 2014 at 10:02
The South Korean won dropped today as poor macroeconomic data from China and quantitative easing tapering from the Federal Reserve resulted in risk aversion that hurt currencies of emerging markets.
The Japanese yen continued to rise against other most-traded currencies as the market sentiment favored safe assets, making the Japanese currency more attractive for investors.