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Great Britain Pound Demonstrate Small Gains During Friday’s Trading

The Great Britain pound gained against its major rivals during the current trading session, but gains were limited as traders remained worried about issues with global economy. This made them seek safer currencies.

AUD Little Changed vs. USD, Gains on EUR

The Australian dollar was little changed against its US counterpart during Friday’s trading and was able to gain on the euro which has been hurt by lackluster economic data from the eurozone. Earlier today, Australian central bank’s chief was speaking, hinting at possibility of looser monetary policy.

Prospects of Monetary Easing Makes Swiss Franc Unattractive

The Swiss franc fell on Thursday and extended its move down on Friday as prospects of even more accommodative monetary policy made the currency less appealing to investors.

Riksbank Cuts Rates, Krona Mixed at Start of Friday’s Trading

The Swedish krona sank yesterday following the bigger-than-expected interest rate cut from the central bank of Sweden. Today, the currency continued to move lower versus the US dollar but rose a bit against the euro.

Global Stock Selloff Sends Sterling Lower

UK pound is struggling today, heading lower as a global stock selloff weighs on the currency. Sterling is down nearly across the board today, thanks to concerns about stocks, and earnings misses by major European banks.

How Long Will Loonie Remain a Petro-Currency?

The Canadian dollar is heading lower again today, thanks in large part to the fact oil prices are once again falling. However, while the loonie is likely to retain some of its ties to oil, some analysts are starting to question how long it will remain a true petro-currency.

Solid New Zealand Economic Health Doesn’t Make NZD Stronger

The New Zealand dollar was yet another victim of the risk-negative sentiment prevailing on the Forex market that led to less than stellar performance of risky growth-related currencies. Solid domestic fundamentals were not enough to support the currency.

Australian Dollar Drops Together with Other Commodity Currencies

The Australian dollar fell today along with other commodity-related currencies despite relatively positive economic data from Australia. The most likely reason for the sluggish performance was concern about slowdown of the global economy.

Euro Finally Pulls Back Against Other Currencies

Euro is finally pulling back against many of its other currencies, dropping as Forex traders consider that the ECB will need to make a move soon.

Australian Dollar Remains Below Opening Level After Trimming Losses

The Australian dollar trimmed today’s losses against its major rivals, almost erasing them against the US currency, but remained below the opening level as the market sentiment was unfavorable to currencies related to commodities and growth.

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