With just two weeks left till the New Year, it is now possible to assess which currency was the strongest in 2017 and try to perform an analysis of the potential Forex winners in 2018. My 2015 poll about the long-termbest-performing currency (2015–2020) looks to be quite accurate so far — the euro is still the clear leader among the majors. The year 2017 was one of the best for the EUR and one of the worst for the USD: Contents […]
Read moreThe Canadian dollar was stable against its US counterpart but fell against other most-traded currencies today, most likely dragged down by crude oil prices. Foreign investment in Canadian securities rose from C$16.69 in September to C$20.81 in October. Yet the market did not pay attention to the good report, sending the Canadian currency down. The probable reason for that was the decline of crude oil prices. The end of this week […]
Read moreThe euro gained on the US dollar today, finding help in domestic macroeconomic data and the weakness of the greenback. The shared 19-nation currency also rallied against the Japanese yen but fell against other most-traded currencies, including the Great Britain pound and the Swiss franc. Eurozone annual inflation in November was finalized at 1.5%, unchanged from the preliminary estimate and matching forecasts. That was a small increase from the October’s reading of 1.4%. The core Consumer […]
Read moreThe South African rand gained against the US dollar today ahead of the results of voting for the country’s ruling party leadership. The ruling African National Congress party was voting for a new leader to replace President Jacob Zuma. Market participants were betting on victory of Deputy President Cyril Ramaphosa, whom they consider preferable to his only opponent former cabinet minister Nkosazana Dlamini-Zuma. Still, the difference in votes expected to be very […]
Read moreThe Japanese yen rose against the US dollar today but failed to maintain gains against other major currencies even though Japan’s trade balance came out better than expected. The trade surplus increased a bit from ¥0.35 trillion in October to ¥0.36 trillion in November. That is instead of a decrease to ¥0.27 trillion predicted by analysts. The reason for such disparity was the fact that imports missed expectations, though they […]
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