Canadian dollar is heading lower today as a wider trade deficit takes its toll. It’s also not helping that risk appetite, in general, is lacking today.
Dollar Drops as Economic Data Suggests Extension of QE
June 04th, 2013 at 2:00
The US dollar dropped as worse-than-expected macroeconomic reports from the Untied States fueled speculations that the Federal Reserve will maintain quantitative easing.
Japanese Yen Higher Against Major Counterparts
June 03rd, 2013 at 15:07
Japanese yen is moving higher against its major counterparts today, gaining some ground as questions about the recent easing policies come to light. Some think that the recent (and dramatic) drop in the yen was too much, and now there is a bit of a correction, sending the yen higher against other currencies.
Positive Fundamentals Did Not Help CAD This Week
June 01st, 2013 at 12:09
The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency.
Dollar Ends Week with Gains
June 01st, 2013 at 1:59
The US dollar ended the week with gains as positive macroeconomic data supported expectations of an end to Federal Reserve’s quantitative easing. The gains were limited and the greenback fell versus the Japanese yen, though, as not all reports were good.
Aussie Drops as Commodities Continue to Struggle
May 31st, 2013 at 14:31
Australian dollar is heading lower today, dropping as commodities continue to struggle. With the Federal Reserve on the verge of pulling back its stimulus efforts, and concerns about global growth rising to the top, Aussie is having trouble today.
US Dollar Loses Ground Further on Lastest Economic News
May 30th, 2013 at 14:31
US dollar is losing ground today, thanks in part to concerns that the economy is not ready to recover at quite the rate some had come to expect. The news is weighing on the greenback, and sending it lower against most of its major counterparts.
US Dollar Drops on Profit Taking and Repositioning
May 29th, 2013 at 15:56
US dollar is down against most of its major counterparts on what many consider profit taking right now. With Forex traders preparing to reposition themselves in light of the next round of economic data and predictions for central bank movements, it is little surprise that some profit taking is happening.
Ringgit Suffers from Anticipation of Fed’s QE End
May 29th, 2013 at 10:33
The Malaysian ringgit fell today as speculations about an end to US Federal Reserve’s quantitative easing continued to eat away risk appetite, spooking investors from riskier currencies.
Economic Data Supports the US Dollar
May 28th, 2013 at 15:26
Economic data is supporting the US dollar today. With the best economic confidence readings in a long time, some think that the Fed will be forced to reduce its easing efforts sooner rather than later. This is adding fuel to the fire for the US dollar today.
