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Euro Swings Between Gains and Losses Against Dollar

Euro is moving between gains and losses against the US dollar today. Trading has been choppy as Forex traders try to work through some of the uncertainty surrounding the two currencies.

Canadian Dollar Loses Ground on Wider Trade Deficit

Canadian dollar is heading lower today as a wider trade deficit takes its toll. It’s also not helping that risk appetite, in general, is lacking today.

Aussie Drops as Possibility of Lower Interest Rates Remains

The Australian dollar dropped today after the Reserve Bank of Australia maintained its cash rate unchanged and reiterated that lower interest rates are possible in the future.

Dollar Drops as Economic Data Suggests Extension of QE

The US dollar dropped as worse-than-expected macroeconomic reports from the Untied States fueled speculations that the Federal Reserve will maintain quantitative easing.

Japanese Yen Higher Against Major Counterparts

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.

Positive Fundamentals Did Not Help CAD This Week

The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency.

Dollar Ends Week with Gains

The US dollar ended the week with gains as positive macroeconomic data supported expectations of an end to Federal Reserve’s quantitative easing. The gains were limited and the greenback fell versus the Japanese yen, though, as not all reports were good.

Euro Lower as Unemployment Reaches Another High

Euro is heading lower today as risk aversion sets in, and as Forex traders consider that unemployment in the eurozone is hitting yet another high. With economic concerns, and with commodities in retreat, there isn’t much to support the euro right now.

Aussie Drops as Commodities Continue to Struggle

Australian dollar is heading lower today, dropping as commodities continue to struggle. With the Federal Reserve on the verge of pulling back its stimulus efforts, and concerns about global growth rising to the top, Aussie is having trouble today.

Canadian Dollar Advances as Current-Account Deficit Narrows

The Canadian dollar advanced today against its US peer as the nation’s current-account deficit shrank last quarter, adding to speculations that the central bank may raise interest rate in the future. The currency declined versus the euro.

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