The US dollar demonstrated a weekly loss for the first time in many weeks. Yet the drop was not as big as it might have been as the risk-negative market sentiment helped the US currency to regain part of its strength by the weekend.
October 10th, 2014 at 19:28
The Canadian dollar advanced today with the help of an impressive employment report that beat analysts’ projections by a wide margin. The currency retained its gains against the euro but was unable to maintain the rally versus the the US dollar and yen and will likely close below the opening level against these currencies.
October 10th, 2014 at 13:56
Poor economic data from Australia led to the second session of losses for the Australian dollar today. The currency attempted to gain ground but was unsuccessful so far, though it trimmed its losses.
October 10th, 2014 at 10:55
Even though the minutes from the latest Fed meeting indicate that some in the FOMC are concerned about what’s next, and how to deal with a stronger dollar during a global economic slowdown, the greenback is heading higher today. Risk aversion is high, and that is reflected in today’s gains by the dollar.
October 10th, 2014 at 10:26
Once again, Mario Draghi is a bit of a downer. His remarks yesterday at the Brookings Institution are dragging on the euro, since they indicate that the ECB is ready to double-down on stimulus measures likely to weigh on the 18-nation currency.
October 09th, 2014 at 10:14
Canadian dollar is struggling a bit in currency trading on FX market after some gains earlier. Loonie is down against European currencies, and is seesawing between gains and losses when it comes to the US dollar.
October 08th, 2014 at 20:25
The US dollar, which were rising earlier today, declined after the Federal Reserve released the minutes of its latest policy meeting, talking about the statement that interest rates will remain low for a “considerable time” and voicing concern about the strength of the greenback.
October 08th, 2014 at 11:36
US dollar is in the midst of a recovery after yesterday’s selloff. Right now, greenback appears to be correcting by logging gains following excessive selling. However, even with the current gains, a little caution is in order as we wait for the release of the minutes from the latest FOMC meeting, since many of the dollar’s potential gains might already be priced in.
October 07th, 2014 at 11:21
The Australian dollar rallied after the Reserve Bank of Australia refrained from changing its monetary policy during today’s meeting. The gains were not big as the central bank continued to complain about the strength of the currency.
October 07th, 2014 at 10:36
UK pound is heading higher against the euro today, even though it is down against its low-beta counterparts, the dollar and then yen. Economic divergence is one of the reasons that the pound is doing so well against the euro today.