Canadian dollar is heading higher against its major counterparts today, following the latest inflation report. Even though there are some concerns about the most recent retail sales data, and it doesn’t appear that rates will rise anytime soon, the latest data indicates that things are likely to remain steady, and the loonie is gaining as a result. Last week, Statistics Canada reported lower than […]
Read moreA higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable. The latest report on Germany’s business sentiment shows an improvement in the Ifo to 111.3 from 110.6. This is […]
Read moreThe Indonesian rupiah advanced with help of positive domestic fundamentals today, shrugging off the negative market sentiment caused by expectations of continuous quantitative easing tapering from the US Federal Reserve. Indonesia’s trade balance surplus reached the highest level in more than two years in December. The balance may improve even more as the country banned exports of raw ores, encouraging companies to build refineries for processing ores domestically. The positive economic […]
Read moreThe South Korean won declined today on speculations that US policy makers will continue to reduce monetary stimulus despite the recent string of poor economic data. Several policy makers said on Friday that the current pace of asset-purchase reductions is appropriate and should be maintained. As for the recent unfavorable economic reports, they were attributed to bad weather and possibly do not reflect the actual economic situation. Prospects for continuous quantitative […]
Read more