This week was relatively quiet in terms of news, though some important macroeconomic reports were released. Meanwhile, the US dollar was rising against other most-traded currencies and the Dollar Index surged to the highest level in almost three years.
May 17th, 2013 at 22:19
The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.
May 17th, 2013 at 19:00
The Chilean peso weakened today against the US dollar even though the central bank refrained from cutting interest rates yesterday. The currency advanced versus the euro.
May 17th, 2013 at 17:25
Disagreement over the vision of the eurozone is starting to take its toll on the euro. Lack of unified leadership at a time of economic difficult and continued sovereign debt crisis is contributing to the euro hitting a six week low in earlier trading.
May 17th, 2013 at 16:03
US dollar is heading higher today, surging on the latest news from the Federal Reserve. Comments about the Fed’s quantitive easing program — and its potential end this year — are lending strength to the greenback.
May 17th, 2013 at 8:36
The Malaysian ringgit weakened today, heading to a weekly decline that will end the eight-week streak of gains, as country’s economic growth slowed last quarter.
May 17th, 2013 at 8:15
The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.
May 17th, 2013 at 0:12
The Turkish lira was a bit soft today even as Moody’s Investor Service increased Turkey’s credit rating, making nation’s assets more appealing to investors.
May 16th, 2013 at 22:33
The Canadian dollar dropped today as speculations about reduction of quantitative easing by the US Federal Reserve continued, trimming risk appetite of investors and making them less willing to buy risky currencies.
May 16th, 2013 at 13:03
Euro is mixed today on the Forex market as an oil probe looking into price fixing continues. Recent US economic data is also being taken into consideration, since it demonstrates that maybe recovery is not on the way after all.