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Turkish Lira Bounces After Earlier Drop

The Turkish lira rose a bit today after falling earlier on the news that Turkey launched a military strike in Syria against Islamic State militants.

South African Rand Tumbles Over Political Turmoil

The South African rand fell today as political turmoil in the country made the currency not particularly attractive to investors.

Dollar Mixed as Traders Wait for Yellen & Jackson Hole Symposium

The US dollar was mixed today, rising against the euro (after the falling earlier), falling versus the Great Britain pound, and staying almost flat against the Japanese yen. The greenback also demonstrated mixed performance against commodity currencies.

Pound Firm During Tuesday’s Trading

The Great Britain pound was relatively firm during the Tuesday’s trading session. Analysts offer various explanations for the currency’s good performance.

Euro Mixed After Release of PMIs

The euro rose against the US dollar but fell versus the relatively strong Great Britain pound following the release of Purchasing Managers’ Indexes from the eurozone.

NZD Hard Pressed to Keep Gains Caused by Wheeler’s Comments

The New Zealand dollar rallied during early hours of the Tuesday’s trading session as Graeme Wheeler, Reserve Bank of New Zealand Governor, signaled that the central bank is not in a hurry to continue interest rate cuts. Yet the currency had troubles keeping its gains.

Canadian Dollar Drops Following Prices for Crude

The Canadian dollar dropped on Monday, ignoring positive domestic data, as prices for crude oil retreated. Speculations about monetary tightening from the US Federal Reserve were the main perpetrator in the drop.

US Dollar Mostly Rangebound Ahead of Jackson Hole

US dollar is mostly rangebound ahead of a meeting of central bankers later this week in Jackson Hole, Wyoming. Some expect Federal Reserve Chair Janet Yellen to express a readiness for an interest rate hike by the end of the year, and many are waiting to see what she says.

Euro Slightly Lower as Forex Traders Wait for Data

Euro is slightly lower against most of its major counterparts this morning, dropping a little bit as Forex traders consolidate positions and wait for tomorrow’s data releases.

Yen Suffers from Fischer’s Comments

Riskier currencies reacted negatively to the comments that Fed Vice Chairman Stanley Fischer made on Sunday, but safer ones, like the Japanese yen, were also not immune to the impact.

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