The Australian dollar slipped against its US counterpart as the majority of today’s reports from Australia was bad. The currency also pared gains against the Japanese yen but is currently attempting to rebound.
Commodities — News Archive
August 01st, 2014 at 10:58
May 27th, 2014 at 13:11
US dollar is heading higher again today, gaining against its major counterparts as European currencies struggle. Positive economic data in the United States is helping, as are concerns about what’s next for some of the European currencies.
May 01st, 2014 at 9:44
The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum.
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.
February 20th, 2014 at 14:07
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.
October 31st, 2013 at 13:45
Canadian dollar is higher today, but more weakness could be on the way. For now, the loonie is gaining against its major counterparts as it appears that the economy is still in expansion mode, albeit at a slightly slower pace.
September 24th, 2013 at 14:28
Canadian dollar is getting a bit of a boost today from the latest retail sales data. While the loonie is struggling against some its major counterparts, overall, the Canadian dollar is seeing improvement today. Gains are somewhat limited, though, as commodity currencies face the reality of falling gold and oil prices.
August 06th, 2013 at 13:41
Canadian dollar is lower today, dropping against its major counterparts, as Forex traders look ahead to July’s employment data, which many expect to be somewhat disappointing.
July 30th, 2013 at 13:37
Easing is an official part of Australian monetary policy right now, and that is causing a drop for the Aussie. The Australian dollar is losing ground against its major counterparts as RBA officials reiterate a position friendly to further easing.
July 23rd, 2013 at 9:46
The New Zealand dollar advanced today as risk appetite on markets helped riskier assets, driving commodities higher and increasing the appeal of growth-related currencies.