Australian employment demonstrated better-than-expected growth last month, and it bolstered the Australian dollar at first. Yet not everything in the report was good, and Forex market participants turned their attention to the bad parts of the data subsequently, making the currency sink afterwards.
July 10th, 2014 at 10:38
July 09th, 2014 at 21:00
The US dollar slipped against some of its major peers today, including the euro and the Great Britain pound, and trimmed its gains versus the Japanese yen. The greenback was weakened by the Federal Reserve meeting minutes, which suggested that investors should not take economic recovery for granted.
July 09th, 2014 at 13:24
Canadian dollar is higher today, and so are copper prices. While we often think of the loonie as a petrocurrency, the truth might be that it is really more closely related to copper — and that might be giving the Canadian dollar a boost today.
July 09th, 2014 at 12:12
The Australian dollar ticked up versus the Japanese yen today, trading sideways against its US counterpart at the same time. Signs of improving consumer confidence helped the Aussie, yet the currency was subdued by the news from China.
July 08th, 2014 at 19:41
The US dollar yet again attempted to rally and yet again it failed. Even another better-than-expected employment report was not able to boost the currency, which erased its earlier gains versus the euro and the Great Britain pound and fell versus the Japanese yen today.
July 08th, 2014 at 13:27
The Australian dollar gained today as the Australian business confidence improved last month, albeit not much. The currency was also supported by hopes for strong employment growth.
July 08th, 2014 at 13:03
The New Zealand dollar gained today as Fitch ratings raised the outlook for the nation’s credit rating from stable to positive, adding to signs that the New Zealand economy performs very well.
July 08th, 2014 at 13:03
Euro has dropped below the 1.3600 level against the US dollar, and is down against other major currencies as well. There is a bit of risk aversion on the Forex market today, as well as speculation that the ECB will have to take further action on stimulus if the euro’s strength remains where it is.
July 07th, 2014 at 21:41
The Canadian dollar sank today even though the Forex traders’ sentiment towards the currency improved somewhat and not all economic reports from Canada were bad. The currency extended its drop for a second trading session.
July 07th, 2014 at 19:03
The US dollar attempted to extend the previous week’s rally against the euro today and was successful at the start of the trading session, but reversed its advance later and trades below the opening level as of now. The greenback also fell versus the Japanese yen but rose against the Great Britain pound.