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Euro Extends Decline for Another Session

The euro extended its decline for the second day during the Friday’s trading session following Thursday’s policy meeting of the European Central Bank. The currency still managed to beat the very soft Japanese yen but fell against other most-traded rivals.

US Dollar Maintain Its Gains Before Federal Reserve’s Meeting

The dollar edged higher against the euro and the Japanese yen on Friday. Investors speculated that the US currency will continue strengthening next week due to an anticipated monetary policy decision from the Federal Reserve. The dollar’s steady climb today followed a sharp gain on Thursday that resulted from the European Central Bank’s announcement that it will be reducing the value of its quantitative easing program from April. However, it […]

Australia Dollar Stages Bounce After China’s Data

The Australian dollar rallied today after diving intraday. The currency managed to stage a bounce after China’s economic data surprised economists pleasantly.

Japanese Yen Drops amid Rally of Global Stocks

The Japanese yen dropped against other most-traded currencies (even the euro that dropped sharply yesterday) as the rally of global stocks limited demand for safety provided by the Japanese currency.

Euro Sharply Drops Against US Dollar as ECB Lengthens Its Bond Purchases

The euro experienced volatile movements against the US dollar on Thursday as investor read into the European Central Bank’s policy announcement earlier today. During its latest policy meeting, the central bank decided to extend the period for which its bond purchase program will last.

New Zealand Dollar Firm After Wheeler’s Speech

The New Zealand dollar rallied today (though it has backed off from daily highs by now) following the speech of the central bank’s chief that was considered by markets to be rather hawkish.

Yen Jitters After Final GDP Disappoints

The Japanese yen rose against the US dollar but fell against such currencies as the euro and the Great Britain pound today as Japan’s economic growth failed to meet economists’ expectations.

Canadian Dollar Climbs Against British Pound on Improving Oil Prices

The Canadian dollar was boosted against the British pound on Wednesday. The commodity currency has been supported by rising oil prices since the Organization of the Petroleum Exporting Countries announced that a deal to cut oil output was made in its meeting last week.

Sterling Drops, Hurt by Britain’s Manufacturing Data

The Great Britain pound dropped today as the surprisingly poor manufacturing report hurt the currency’s appeal to investors, overshadowing decent housing data.

US Dollar Remains Steady on Anticipation for ECB Policy Decision

The dollar remained little changed against the euro on Wednesday, as traders braced for a monetary policy decision from the European Central Bank on Thursday. The bank’s decision might bring increased quantitative easing to the European Union.

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