Day: May 25, 2015

May 25
2015

Yen Flat vs. Dollar After Trade Data, Gains on Euro

The Japanese yen was flat against the US dollar and gained on the euro after trade data from Japan had been released. Initially, the currency weakened against the greenback following the release but bounced later and is trading close to the opening level right now. The report showed that Japan’s exports fell 1.5 percent while imports rose 1.8 percent, resulting in a trade deficit of ¥0.21 trillion. Still, it was […]

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May 25
2015

Euro Drops on Spanish Election

The Spanish election results are rolling in, and the news is of upsets. Concerns about a Greece-style situation in Spain are dragging on the euro as a result. Upsets in Spain are weighing on the euro today, thanks to concerns about the parties gaining power. Municipal and regional election results are punishing the ruling party and politicians against austerity measures and continued corruption are being voted in. Many think that this could mean a new […]

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May 25
2015

Which Currency Will Be the Biggest Forex Winner by 2020?

Without looking at any charts, my first thought about the strongest major currency during the last five years would have been the US dollar. After all, it was the major winner in the global financial crisis of 2008 when the markets had run for safety while the dollar’s rivals fared poorly. However, further analysis has shown that the biggest winner between 2010 and 2015 was not the USD. To measure the relative […]

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