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Day: January 29, 2015
January 292015
Reasons for Decline of Canadian Dollar to Fresh Lows
The Canadian dollar dropped to the fresh lows against its US peer during the Thursday’s session and also fell against some other majors including the euro. The currency has plenty of reasons for its weakness, both domestic and global. The major reason for the loonie’s weakness is the strength of the greenback after yesterday’s monetary policy announcement from the Federal Reserve. While US policy makers still talked about patience in approach to monetary tightening, […]
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January 292015
Pound Mixed After Thursday’s Data
The Great Britain pound was mixed after today’s economic data from the United Kingdom. The currency was stable against the US dollar, fell versus the euro and rose versus the Japanese yen. The Nationwide House Price Index rose 0.3 percent in January, in line with expectations. The Confederation of British Industry released its Distributive Trades Survey, showing a balance of realized sales at +39 percent, above predictions. All in all, data […]
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January 292015
Aussie Falls to Lowest since 2009 vs. US Dollar
The Australian dollar fell today, sinking to the lowest level since July 2009 against its US counterpart and reaching the lowest since March 17, 2014, versus the Japanese yen. The currency declined due to Australia’s economic data that was not particularly good. Australia’s import prices grew 0.9 percent in the December quarter of the last year from the previous three months. While the reading was not as bad as the preceding quarter’s […]
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January 292015
Euro Regains Upper Hand in Currency Trading
Euro is getting some help in forex trading today, heading higher against its major counterparts in something of a correction. However, it’s uncertain how long the current good news will last. For now, the euro seems to be enjoying something of a relief rally. It looks as though, even though Syriza won the Greek elections, there won’t be an exit for the embattled country from the eurozone. Additionally, it also appears […]
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January 292015
EUR/USD Attempts to Recover After Losses
EUR/USD attempted to recover after the previous losses but remains below yesterday’s opening level as of now. Still, the currency managed to stay above today’s opening even as US jobless claims fell much more than was expected. The possible reason for the strength of EUR/USD is the terrible US housing report and yesterday’s policy statement of the Federal Reserve that was a bit more dovish that dollar bulls have hoped for. […]
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