Yen is gaining against high beta currencies today, thanks in large part to concerns about the global economy. A bit of safe haven demand has emerged, and that usually means a higher yen.
March 01st, 2013 at 13:41
European data released earlier is disappointing, and concerns about the situation are prompting gains for the US dollar. Even though the US economy is recovering at a sluggish pace, and even though the sequester has hit, the US dollar is still in a stronger position than its European counterparts.
March 01st, 2013 at 12:29
The Great Britain pound dropped today after a report showed that the manufacturing sector unexpectedly contracted last month. The currency reached the lowest level since July 2010 against the US dollar.
March 01st, 2013 at 4:38
The Australian dollar gained today on speculations that the Australian central bank will pause interest rate cuts to gauge the impact of the accommodative monetary policy on the economy. Earlier, the currency was falling amid negative reports from China.
February 25th, 2013 at 17:50
The Australian dollar dropped today as the manufacturing data from China, Australia’s major trading partner, disappointed market participants, showing unexpected slowdown of sector’s growth.
February 14th, 2013 at 6:16
The New Zealand dollar rose as the expanding manufacturing sector and improving consumer confidence lead to speculations that the nation’s central bank will keep interest rates stable.
February 05th, 2013 at 23:22
The Great Britain pound fell to the lowest level since August against the US dollar even as domestic fundamentals were supportive for the currency. The sterling traded near the strongest rate since January 2010 versus the Japanese yen.
February 05th, 2013 at 18:57
The euro jumped today following yesterday’s slump as unexpectedly favorable macroeconomic data increased attractiveness of the currency, while hopes that policy makers will not prevent appreciation added to the euro’s strength.
February 04th, 2013 at 12:26
The Great Britain pound remained strong today even after a report showed that Britain’s construction stayed in decline last month. The sterling advanced against the US dollar as likely the Friday’s huge drop was overdone, while rally of pound against the yen can be explained by the weakness of the Japanese currency.
February 01st, 2013 at 14:32
Euro is getting a boost today, moving through the 1.3600 level against the US dollar as better economic data comes in. Signs of stabilization in the euro zone are supporting the 17-nation currency.