The US dollar fell against some other currencies today as traders remained concerned that the Federal Reserve will not be able to raise interest rates as fast as it has initially planned. The greenback was especially vulnerable against commodity-geared currencies and the Great Britain pound, faring better against safe currencies and the euro. Previously, prospects for monetary tightening was the main source of the dollar’s strength. Yet with the Fed’s cautious […]
Read moreHave you ever seen a Forex broker boasting awards like The Best Platform in Eastern Europe or The Best STP Forex Broker? You might think — what’s the deal with so many brokers taking pride in so many awards? How are they any representative of quality if every broker has at least dozen of such honors? The fact is, they do not. In the majority of cases, these awards are […]
Read moreThe Japanese yen retreated from the highest level in almost a year and a half against the US dollar it has reached earlier today. The currency fell against other most-traded peers as well. Gains of European stocks and comments from Japanese officials stopped the yen’s rally. The latter fueled speculations that Japan’s policy makers are going to intervene in order to weaken the currency. Nevertheless, demand for safety remains strong, meaning that the yen […]
Read moreThe Australian dollar rose today even though domestic macroeconomic data was somewhat disappointing. As for important economic reports outside of Australia, China’s data was mildly supportive to the currency. The number of Australia’s home loans rose 1.5% in February — not a bad reading by itself but below the one that analysts had promised (2.1%). China’s Consumer Price Index rose 2.3% in March from a year ago, the same as in the preceding month. […]
Read more