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By Justin Pugsley |
April 5, 2013
Forex markets were taken by surprise that the U.S. economy only created 88,000 jobs in March while a poll of analysts anticipated a number closer to 190,000. The U.S. dollar quickly sold-off, but could that be reversed quite soon?
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By Ari Altstedter, Bloomberg |
April 5, 2013
The Canadian dollar fell in its biggest loss in nine months against its U.S. peer after the nation unexpectedly lost jobs last month by the most since the last recession four years ago.
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April 4, 2013
The yen tumbled by the most in 17 months against the dollar after the Bank of Japan announced larger-than-expected economic stimulus measures that tend to devalue the currency.
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By John Detrixhe, Bloomberg |
April 3, 2013
The yen gained versus the dollar, erasing yesterday’s loss, amid speculation a decision tomorrow by the Bank of Japan will signal its monetary-easing efforts will fall short of its goals and fail to reignite inflation.
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By Joseph Ciolli, Bloomberg |
April 2, 2013
The euro fell versus the majority of its 16 most-traded peers as a report showed unemployment in the 17-nation currency bloc climbed to a record in February, adding to concern the economy will struggle to emerge from recession.
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By Jaime Macrae |
April 1, 2013
There has been a divergence from the historically positive correlation between the price of crude oil and the loonie, with WCS rising while the Canadian dollar fell. With the oil picture shifting in Canada’s favor, a significant short covering could be in the offing.
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By Daniel P. Collins |
April 1, 2013
With central banks publicly decrying currency manipulation, the forex markets are returning to a semblance of normalcy. What will that mean for 2013?
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By Ashraf Laidi |
April 1, 2013
Currency traders are well aware of the spectacular advances in USD/JPY since last autumn. Does the rally have more legs? Traders have mentioned 97 and 100 yen. But how about 105 or 120?
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By Kristine Aquino and Kevin Buckland, Bloomberg |
March 29, 2013
The yen headed for its longest string of monthly losses in more than a decade on prospects lingering deflation will prompt Bank of Japan Governor Haruhiko Kuroda to boost stimulus measures at a policy meeting next week.
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By Fion Li and Andrea Wong, Bloomberg |
March 29, 2013
China’s yuan rose to a 19-year high after the central bank raised its daily reference rate to the strongest level in more than 10 months.
