There is speculation that the Canadian dollar is strong enough now that a rate hike from the Bank of Canada could come sooner than expected. The news is helping the loonie against its European counterparts.
May 16th, 2015 at 15:48
The US dollar was one of the weakest currencies on the Forex market during the past trading week, competing with the New Zealand dollar and the Japanese yen for the place of the biggest loser. Meanwhile, the euro and the Great Britain pound were the two strongest currencies.
May 15th, 2015 at 10:34
Australian dollar is paring some of its earlier gains right now, which should be a relief to the Reserve Bank of Australia, which has been trying to encourage a weaker Aussie for the sake of economic stimulus.
May 14th, 2015 at 19:42
While the US dollar has been going to new lows during the Thursday’s trading session, it looked like the downward move is running out of steam, allowing the currency to trim some of its losses. Yet currently the greenback resumed its move down.
May 14th, 2015 at 19:07
The Canadian dollar fell against other majors during the current trading session, largely due to the drop of crude oil prices. The currency fell even against the US dollar despite the earlier rise to the highest level since January.
May 14th, 2015 at 10:37
US dollar is struggling today, thanks in large part to the poor retail sales data report for April. The report provides more evidence that the US economic recovery is losing steam, and that is leading to a greenback that is mostly lower in Forex trading.
May 14th, 2015 at 10:10
Economic data from New Zealand was mixed today. While the NZ dollar rallied initially as traders paid more attention to the good part of the news, the currency retreated as of now, though it is still trading above the opening level.
May 13th, 2015 at 13:54
The New Zealand dollar rallied today on the back of the US dollar’s weakness even though news from the South Pacific nation itself was rather detrimental to the kiwi.
May 13th, 2015 at 10:31
Oil is rallying, and that is helping the Canadian dollar in Forex trading today. Loonie is mostly higher against its major counterparts.
May 12th, 2015 at 14:33
The New Zealand dollar is struggling to keep its earlier gains against the US dollar and the Japanese yen during the current trading session. While the currency rallied initially today, it is moving down as of now, trading dangerously close to the opening level.