Loonie is struggling to regain some of the ground it lost in earlier trading against the greenback. However, there isn’t a lot to support the Canadian dollar right now, and so it is expected to continue to struggle. The Canadian dollar is expected to perhaps drop as far as 85 cents against the US dollar by the middle of 2014.
January 30th, 2014 at 14:07
January 29th, 2014 at 13:33
The euro is down today, due largely to the fact that there are still a few economic uncertainties, and due to the fact that risk appetite remains elusive on a global scale. Once again, markets are falling and there are concerns about a global slowdown. But, while the euro is down today, many are looking forward to eurozone data that could help the 18-nation currency.
January 27th, 2014 at 15:31
Global uncertainty is playing its part in gains for the US dollar index today. Safe haven demand is strong for the greenback, and the currency is gaining ground against some of its major counterparts.
January 27th, 2014 at 14:04
Euro is pulling back today after earlier success against its major counterparts. Even though business confidence rose in Germany, there are enough problems elsewhere in the eurozone that the 18-nation currency is being bogged down today.
January 24th, 2014 at 15:50
US dollar is heading higher today, thanks in large part to the fact that risk aversion is setting in. Stock markets around the world are falling, and there are global economic concerns with the latest news out of China.
January 23rd, 2014 at 3:56
The Australian dollar dropped today after a report showed an unexpected contraction of the Chinese manufacturing sector. The data made investors worried about growth in the Asian economy and made them less willing to buy riskier assets.
January 20th, 2014 at 15:07
The New Zealand dollar fell today on poor economic data from China but was able to rebound and is currently trading near the opening level against the Japanese yen and above the opening versus the US dollar.
January 20th, 2014 at 14:31
The Chinese yuan fell as several important economic indicators released today were worse than previous reports, fueling concerns about slowing growth of the Asian economy.
December 26th, 2013 at 9:27
The Chinese yuan weakened today as last week’s monetary policy decision of the US Federal Reserve continues to hurt the market sentiment, but may yet rebound on prospects for reforms in the Asian nation.
December 16th, 2013 at 16:33
The Chinese yuan was little changed against the US dollar today after data showed that Chinese manufacturing sector expanded with slower a pace than was predicted by analysts.