The Canadian dollar slid today against its US counterpart, but managed to log gains versus the euro and the Japanese yen. This week should be important for the currency as the Canadian central bank conducts its monetary policy meeting on Wednesday.
December 02nd, 2013 at 23:35
December 02nd, 2013 at 15:33
Once again, speculation about what’s next for the Federal Reserve is driving the US dollar in Forex trading. This time, it’s speculation that the Fed could actually begin tapering its asset purchases by the end of the year.
The Australian and New Zealand currencies rose today as expansion of China’s manufacturing sector beat forecasts, resulting in risk appetite and demand for growth-related currencies. The currencies lost some of their gains by now.
Canada’s economy maintained pace of its growth in September. The Canadian dollar attempted to rally on the positive data, but failed and now trades near the lowest level since October 2011 against its US counterpart.
November 29th, 2013 at 15:04
Even though the US dollar is edging higher against some of its major counterparts, the dollar index remains a little bit lower for now. There isn’t a lot of interest in the markets right now, with many waiting to see how retailers fare during the American shopping tradition known as Black Friday.
November 29th, 2013 at 10:46
The New Zealand dollar fell today after a report showed a drop of building permits last month, but the currency pared losses later and now trades near its opening level.
November 28th, 2013 at 17:52
The Canadian dollar rose against its US peer and the Japanese yen today despite negative macroeconomic reports from Canada. The currency was down versus the euro.
The Canadian dollar dropped today, following the decline of crude oil. The currency was down against the US dollar and the euro, but managed to log gains versus the Japanese yen.
November 27th, 2013 at 16:35
The latest economic data out of the United States is somewhat soft, and that is weighing on the greenback today, limiting its progress. The dollar is lower against its European counterparts, and paring some of its gains against other currencies.
November 27th, 2013 at 12:33
The New Zealand dollar climbed against the Japanese yen, but fell versus the US dollar today. The New Zealand currency was supported by the unexpected decrease of the nation’s trade deficit, but was unable to outperform its US counterpart.