The Canadian dollar erased its losses against its US counterpart as core inflation data was better than predicted and after prices for crude oil jumped. The currency was flat against the Japanese yen and fell versus the euro. Annual consumer price inflation was 2.6 percent in February, while core inflation was 2.5 percent. Inflation was below forecast, while core inflation was above the predicted value. […]
Read moreUK pound is finding some strength today against the US dollar and the Australian dollar. Sterling is rising against the greenback as risk appetite makes an appearance, and gaining against the Aussie as the news about China continues to weigh on the Down Under currency. UK pound has been struggling recently, thanks in large part to an unpopular budget announced by George Osborne. Concerns about the fact that the budget cuts spending, as well as taxes, […]
Read moreUS dollar is weakening today as risk appetite makes a cautious appearance in the markets. Yesterday, greenback was higher, and gold prices reached a low not seen for 10 weeks. Today equities are still struggling, but higher gold is helping the euro against the US dollar, and some Forex traders are looking for risk. Some of the fears surrounding economic growth in the eurozone and in China have eased somewhat, and that has […]
Read moreThai baht fell today as nation’s Finance Minister Kittiratt Na-Ranong expressed concerns that the strong currency hurts Thailand’s economy and voiced his opinion that the central bank should ease the monetary policy. The Finance Minister stated that “the range of 32 to 34” bahts per dollar “would be very good”. Kittiratt also said: Thailand is similar to other countries suffering from cost-push inflation because of higher […]
Read moreThe New Zealand dollar advanced today on hopes that demand from the United States would support prices for raw materials as the US economy shows signs of robust recovery. Yesterday, reports showed that US leading indicators advanced 0.7 percent in February from a month ago and unemployment claims fell from 353,000 to 348,000 last week. Today, a report is expected to show that new home sales grew from […]
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