The US dollar is strengthening today, thanks in large part to expectations that the Federal Reserve will continue to taper its asset purchase program. With the US economy mostly on the upswing, and unemployment at a more reasonable level, many think that the Fed will continue to cut its quantitative easing efforts.
January 29th, 2014 at 10:34
The Russian ruble did not join other currencies of emerging markets in a rally, falling instead today. It looks like Forex market participants were to afraid to buy the currency ahead of today’s monetary policy decision of the US Federal Reserve.
January 29th, 2014 at 9:39
The Great Britain pound ticked up today as a report confirmed that Britain’s housing sector continues to expand, albeit with slower pace. The sterling was heading for a third straight session of gains against the Japanese yen, but has retreated at the present time.
January 29th, 2014 at 4:35
The Australian dollar rose today as macroeconomic reports from the South Pacific country were relatively good and the general traders’ sentiment was in favor of growth-related currencies. Today’s monetary policy meeting of the US Federal Reserve remains the major risk for the Aussie.
January 27th, 2014 at 15:31
Global uncertainty is playing its part in gains for the US dollar index today. Safe haven demand is strong for the greenback, and the currency is gaining ground against some of its major counterparts.
January 27th, 2014 at 14:04
Euro is pulling back today after earlier success against its major counterparts. Even though business confidence rose in Germany, there are enough problems elsewhere in the eurozone that the 18-nation currency is being bogged down today.
January 23rd, 2014 at 14:02
Greenback is heading lower today, dropping as economic news softens and results in speculation that the Fed’s taper won’t move forward at a rapid rate.
January 21st, 2014 at 15:14
Greenback is mostly higher today, gaining against many of its major counterparts as the latest expectations for a Federal Reserve taper are bandied about. Further tightening in US monetary policy is supporting the US dollar right now.
The Great Britain pound was falling at the start of this month, but paused the decline this week and was performing not that bad. It still fell against the US dollar, but reduced losses versus the yen, ending the week almost flat, and jumped versus the euro. Does this mean that the currency is ready for a rally to new highs or is it too early to rush buying the sterling? Let us […]
January 17th, 2014 at 1:02
The Mexican peso fell today as positive macroeconomic data from the United States suggested that the Federal Reserve will be able to proceed with its reduction of stimulus program, hurting investors’ confidence and desire to invest in risky assets.