Japanese yen continues to show weakness today, although it is showing some gains against a weak US dollar. For the most part, though, yen is likely to remain vulnerable against its major counterparts.
June 28th, 2013 at 14:30
US dollar is making its move. After heading lower against some of its major counterparts, notably the euro, greenback is heading higher again as uncertainty takes hold and risk aversion sets in. The dollar index is heading higher, the greenback is up against all of its major counterparts.
June 26th, 2013 at 13:33
UK pound is heading lower against the US dollar today, dropping as weak economic news weighs. On top of that, it’s not helping that a Bank of England policymaker is publicly calling for more asset purchases to help stimulate the flaggin economy.
June 19th, 2013 at 13:16
Votes to avoid an increase in the Bank of England’s asset buying program are providing support for the pound today. Pound is modestly higher against the US dollar, and the currency has broken a recent losing streak against the euro. As more members of the MPC decide against quantitative easing, the sterling is likely to gain some strength.
June 17th, 2013 at 16:23
Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery. Euro is a little lower against the dollar following this announcement, but this probably has more to do with profit taking after a recent run by the 17-nation currency.
June 11th, 2013 at 14:49
Euro is trading mixed today as focus shifts from Asia to the eurozone, specifically Germany. There are a couple of key arguments coming before German courts, regarding ECB measures to shore up ailing eurozone countries, and many are interested to see how things are likely to play out.
June 07th, 2013 at 14:23
US dollar is heading higher today following the most recent payrolls data. The result is adding a bit of confusion, though, since it muddies the water as to what might be next for the Federal Reserve.
June 05th, 2013 at 19:30
The Canadian dollar fell today as mixed US macroeconomic reports created uncertainty and confusion on the Forex markets, making riskier currencies less appealing to investors.
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.
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.