The Australian dollar slipped at the start of the current trading session but rebounded and trades above the opening level as of now. The decline was caused by the worse than expected China’s manufacturing data released over the weekend.
March 24th, 2014 at 11:40
March 17th, 2014 at 15:50
The Chinese yuan slipped today after the nation’s central bank allowed greater exchange rate flexibility, widening the trading band for the currency. The drop may help to bolster the weakening Chinese economy, increasing profits from overseas trade.
March 17th, 2014 at 13:26
Japanese yen is lower right now, dropping against its major counterparts as news from the weekend is processed. Even though risk aversion is the general rule for now, the yen is heading lower.
March 14th, 2014 at 13:26
Markets in general are struggling today, thanks largely to concerns over the referendum vote in Crimea on Sunday. Additionally, it’s not helping that there are worries about Chinese growth and other issues weighing on risk appetite today. Plus, there are questions about an independent Quebec to consider.
March 12th, 2014 at 13:13
Canadian dollar is lower today, struggling along with many commodities. One of the big drivers of difficulty today is the fact that there are concerns about growth in China, and commodities are heading lower. As a commodity currency, this development weighs on the loonie.
March 12th, 2014 at 4:53
The Forex market is still favoring safe currencies, helping the yen to keep yesterday’s gains today. The state of China’s economy and the situation in Ukraine did not improve the traders’ sentiment and this makes sure that the Japanese currency stays in favor.
March 10th, 2014 at 10:37
The Australian dollar opened sharply lower today compared to the Friday’s close as China’s trade data, which was released over the weekend, showed an unexpected trade deficit, reinvigorating fears about slowdown of China’s economic growth. As of now, the currency trades flat against the US dollar and bounced versus the Japanese yen.
March 08th, 2014 at 6:47
The Chilean peso sank yesterday, being the worst performer on the Forex market, as copper prices slumped after the news about a company default in China. It spurred fears and drove investors away from raw materials and commodity-related currencies.
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.
February 28th, 2014 at 14:46
The Chinese yuan is sliding again, continuing the two-week drop against the US dollar. It appears that Chinese officials are intervening, bringing the yuan’s value down after letting gain slowly but steadily against the greenback for years.