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Canadian Dollar Weakens as the BoC Maintains Interest Rates

The Canadian dollar weakened against major currencies after the Bank of Canada announced that it would be maintaining its benchmark interest rate at 0.5%. The announcement triggered a rally among the loonie’s major competitors as the currency lost most of the gains it had made against other currencies this year.

US Dollar Edges Higher as CPI Data Reveals Stronger Inflation

The US dollar had a small recovery on Wednesday from its losses yesterday. The greenback attempted, with limited success, to find upward momentum, a day after President-elect Donald Trump said the US currency is too strong.

Real Falls vs. Dollar, Brazil’s Officials Unconcerned

The Brazilian real fell against the US dollar today, but Brazil’s officials were not concerned by the dollar’s strength, thinking that there are plenty supportive fundamentals for the Brazilian currency.

Britain’s Pound Unable Maintain Tuesday’s Rally

The Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday.

US Dollar Drops as Donald Trump Says the Currency Is Too Strong

The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nation’s currency. The British pound was the biggest gainer against the US dollar.

British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit

The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen.

Euro Remains Stable Against US Dollar as Traders Anticipate ECB Meeting

The euro traded within a tight range against the US dollar on Monday. Traders held their positions in anticipation for the European Central Bank’s meeting on Thursday and the presidential inauguration in the US on Friday.

USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed

The USD/CAD currency pair struggled to maintain its upward momentum today even as US markets remain closed. The pair demonstrated mixed results similar to those of last week given that weakness in the US dollar typically strengthens the Canadian dollar.

Market Sentiment Allows Yen Rally for Sixth Day

The Japanese yen rose against its major rivals on the Forex market during Monday’s trading, driven by the risk averse sentiment of traders.

Pound Starts Week Sharply Lower

Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times.

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