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Day: May 15, 2015
May 152015
Japanese Yen Falls, Attempts to Bounce
The Japanese yen fell today as Japan’s producer prices dropped in April from a year ago, highlighting the problems that the central bank has in its battle with deflation. The currency trimmed its gains against some majors and actually gained against the euro but maintained losses versus the US dollar. While the Corporate Goods Price Index showed a small increase by 0.1 percent in April from the previous month, the index dropped […]
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May 152015
Great Britain Pound Falls vs. Dollar, Retains Strength vs. Other Majors
The Great Britain pound pulled back from the six-month high against the US dollar as the greenback made a bounce. Still, the UK currency gained against other majors, including the euro. The sterling was the strongest major currency on the Forex market during the current week and retained its upward momentum despite the small retreat against the dollar. The UK currency managed to keep its strength against other most-traded rivals, like the Japanese yen […]
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May 152015
Euro Lower, But Poised for Weekly Gains
Euro has moved lower today, but the 19-nation currency is still poised for weekly gains. The rise in German Bund yields has stalled, and Forex traders are taking this opportunity to take profits and consolidate. This past week has seen a surging performance for the euro in Forex trading. The 19-nation currency has been gaining against most of its major counterparts as yields on German Bunds have risen. Now, though, […]
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May 152015
Aussie Pulls Back After Earlier Gains
Australian dollar is paring some of its earlier gains right now, which should be a relief to the Reserve Bank of Australia, which has been trying to encourage a weaker Aussie for the sake of economic stimulus. Australian dollar moved higher yesterday and was higher in earlier trading. However, the Down Under currency has since pared some of its gains and is once again mostly lower against many of its counterparts. Disappointing news […]
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