
The US dollar versus the Japanese yen currency pair seems to be on its way to the next area of interest — 107.00. Are the bears going to stand aside?
The US dollar versus the Japanese yen currency pair seems to be on its way to the next area of interest — 107.00. Are the bears going to stand aside?
The US dollar weakened on greater confidence in the broader financial markets as the government reported initial jobless claims falling to their lowest levels in three months. A renewed rally in the equities arena, surging Treasurys, and positive economic data weighed on the conventional safe-haven asset. With the latest drop, the greenback has officially turned negative for the year.
The Great Britain pound versus the Canadian dollar currency pair seems to be under some bearish pressure. Is this just a thing of the now, or are the bears getting the upper hand?
The Australian versus the New Zealand dollar currency pair seems to be in a spot to the bearish liking. Are the bulls taking a pause?
The Australian dollar, together with other commodity currencies, halted its rally today. Fairly poor domestic macroeconomic data was not doing the Aussie any favors either.
The New Zealand dollar was soft today, falling against the majority of its most-traded peers, though managing to gain on some of them. Today’s macroeconomic data in New Zealand did not show a clear picture of the nation’s economic wellbeing, thus failing to support the kiwi.
The Great Britain pound versus the United States dollar currency pair seems to be from the 1.3854 level. Will the bears be able to defend it from the ferocious bulls?
The New Zealand dollar started the week as the strongest most-traded currency on the Forex market thanks to the upgrade of the nation’s credit rating by Standard & Poor’s. What other factors will be influencing the New Zealand currency and what traders should watch for during the rest of the week?
The Australian dollar was among the strongest currencies on the Forex market today, rising against all other most-traded currencies except for the New Zealand dollar. That said, the Aussie has lost its gains versus the euro at the time of writing and has been retreating from day’s highs against several others.
The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today after Standard & Poor’s upgraded New Zealand’s credit ratings with a stable outlook.