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Canadian Dollar Drops on Expectations for Employment Data

Canadian dollar is lower today, dropping against its major counterparts, as Forex traders look ahead to July’s employment data, which many expect to be somewhat disappointing.

Aussie Bounces Even as RBA Cuts Rates

The Australian dollar climbed today even though the central bank cut interest rates. The statement was less dovish than usual, allowing the currency to bounce, while positive economic data added to the strength of the Aussie.

Another Week of Weakness for Aussie?

The Australian dollar fell sharply last week, touching the lowest level in 3 years against its US counterpart. Will the slide continue or the currency has found its bottom? Tomorrow’s meeting of Australian policy makers may give an answer to this question.

US Dollar Trims Declines on Better Economic News

US dollar is paring some of its earlier losses against some of its counterparts on the latest economic news to be released. Many Forex traders are looking for direction, and taking this opportunity to mull the latest news from around the world.

Euro Falls on Retail Sales Data

Euro is lower today, in spite of recent indications of stability, on the latest of retail sales data. Even though there are hopes that the economic contraction is over for the eurozone, there are still concerns about a slow recovery.

Aussie Soft Ahead of RBA Meeting as Retail Sales Trail Forecast

The Australian dollar was soft today ahead of tomorrow’s Reserve Bank of Australia policy meeting as retail sales trailed forecasts, adding to speculations that the central bank will cut interest rates.

NZ Dollar Opens Sharply Lower as China Bans Imports from Fonterra

The New Zealand dollar was rising today, but this should not deceive traders as the currency opened sharply lower after China and Russia banned imports of milk powder from Fonterra Cooperative Group Ltd.

Dollar Drops on Worse-Than-Expected Non-Farm Payrolls

The US dollar slumped today against most major currencies as non-farm payrolls came out worse that was predicted by analysts, fueling speculations that the Federal Reserve will refrain from trimming of monetary stimulus.

US Dollar Maintains Its Strength in the Midst of Risk Appetite

Even though risk appetite appears to be on the rise today, the US dollar is gaining ground. Greenback is heading higher as investors and others look to the future of possible Fed tapering, and compare the US economic recovery to the situations in other countries.

CAD Rises vs. JPY on Positive Fundamentals, Falls vs. USD

The Canadian dollar rose against the Japanese yen today as positive fundamentals may encourage policy makers to tighten monetary policy. At the same time, the currency weakened against the US dollar.

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