The Great Britain pound was rather strong today, which is surprising considering all the uncertainty surrounding the Brexit, Britain’s economic health, and the Bank of England monetary policy. Yesterday, BoE Deputy Governor Ben Broadbent said after his speech about “The history and future …
The Japanese yen rose today, retaining its place as one of the strongest currencies on the Forex market, despite underwhelming domestic data. That was not particularly surprising, though, as the currency often ignores domestic data in favor of other fundamentals. The Nikkei Flash Japan Manufacturing Purchasing …
The US dollar rallied against most other major currencies on Monday, rebounding from last weekâs disappointing performance. The jump in the greenback occurred following several key economic reports and a massive selloff in US government debt holdings. It was reported that the Bank of Japan …
The Canadian dollar was rather soft today, falling against most major currencies. The euro was an exception as the loonie traded flat versus the shared 19-nation currency. One of the possible reasons for the weakness of the Canadian currency was the tendency of Forex traders to stick to safer currencies, not …
The euro was rather soft today, falling against most other major currencies. The possible reason for the weak performance was concern about the health of the European economy. The start of the week was light on economic data. The only report in the eurozone was the consumer confidence indicator released …
The Swiss franc was relatively strong today, rising against such currencies as the US dollar and the euro, though not the Great Britain pound and the Japanese yen. The fact that both the yen and the franc were strong today suggested that traders were seeking safety, not …
The Japanese yen was the strongest major currency today, rising against all of its most-traded peers. Some market analysts attributed the strength of the currency to the sharp rise of the 10-year Japanese government bond yields. Others explained the yen’s rally by speculations about possible reduction of monetary …
The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic …
The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday. The EUR/USD currency pair …
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 …