The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit...
The US dollar saw gains across the board in overnight trading. Analysts attribute the bullish greenback to a positive US Building Permits figure released yesterday, which subsequently made the dollar more attractive to investors. Today, a batch...
The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The Canadian dollar was sold following a dovish monetary policy statement.
The euro gained about 580 pips against the U.S. dollar in last week’s trading session, following strong debt sales in Spain, Italy and Portugal. This has increased risk-appetite in the market and as a result weakened the...
Although the euro had a very positive day on Thursday, the currency peaked against most of its main currency rivals in overnight trading and is currently in the middle of a bearish trend once again. The EUR/JPY...
A positive element to emerge from yesterday’s economic events from the United States was a reduction in the Federal Budget Balance, from a deficit of $150.4B to a deficit of $80.0B. Following this news, the USD began...
The euro came off its New Year’s low following a rise in equities and a decision by Japan to buy European bonds that were being purchased as part of the European Financial Stability Facility. Spot crude oil...
The U.S. dollar fell slightly against most of its major currency counterparts on Monday as the euro recovered from its losing streak, signaling a rise in risk appetite. The euro rallied to above 1.2950 against the dollar...
The dollar continued its rally against the euro on Friday, despite the weaker-than-expected increase in hiring in December, reflected in the Non-Farm Payrolls data. The dollar strengthened as the U.S. Unemployment Rate has dropped to 9.4%, its...
The publication of the Non-Farm Payroll (NFP) data from the US at 13:30 GMT today is without a doubt the leading publication on the economic calendar. If this highly impactful employment report comes in line with Wednesday’s...
