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During the Australasian session the New Zealand Dollar fell against a number of its most traded currency counterparts. The ‘Kiwi’ dropped to a low of 0.4909 against the Pound, 0.6766 against the Euro and 0.9506 against…
On Monday the US Dollar edged lower against a number of its rivals as the US Services PMI printed below expected levels. Although the report did inspire a softening in the ‘Greenback’ due to the impact it may have on the…
On Monday the Indian Rupee brushed a four-month low of 63.77 against the US Dollar despite demand for the North American currency remaining restricted ahead of this week’s Federal Open Market Committee (FOMC)…
This week was a game of two halves for the Pound Sterling exchange rate. The British currency gained on the Euro in the first half and trounced its US rival in the second. Demand for the Pound was initially generated by…
The Australian Dollar was able to surge by over 1% against the US Dollar on Wednesday and also recorded notable gains against peers like the Pound, Euro and New Zealand Dollar as Australia’s Consumer Price Index for the…
The US Dollar fell against the Indian Rupee as the latter currency recovered from a three-and-a-half month low on account of tax worries. Retrospective taxation will be implemented in India causing worries amongst…
After performing fairly poorly for much of the week, the Rand was able to put on a modest show of strength on Thursday as a broadly weaker US Dollar helped emerging-market and higher-risk currencies climb. While the Rand…
With the Bank of Canada’s latest interest rate decision just around the corner, the Canadian Dollar was trending in a softer position against a number of its main currency counterparts. The CAD/GBP exchange rate was…
With the situation in Greece looking set to drag on for some time yet, the Euro has come under pressure against a number of its most traded currency counterparts. At the close of last week investors learnt that Hellenic…
The Indian Rupee closed out the week trading in a softer position against the US Dollar as demand for higher-risk assets was reduced by hawkish interest-rate related comments from Federal Reserve officials. Earlier this…
The South African Rand was holding steady against the US Dollar on Thursday as economists digested the Federal Open Market Committee’s latest policy meeting minutes. The minutes were slightly more hawkish than expected…
Before markets closed for the Easter break, the Pound declined against a number of its currency counterparts. The GBP/EUR exchange rate shed 1% to trade in the region of 1.3638 while the GBP/NZD exchange rate fell by…
The Japanese Yen fell against the Pound but strengthened against a broadly softening US Dollar on Wednesday. The Asian asset put on a mixed performance as domestic inflation falling to 0% prompted the Bank of Japan to…
The Indian Rupee closed out the local session in a softer position against its US peer as Dollar demand increased ahead of the publication of minutes from the latest Federal Open Market Committee (FOMC) policy meeting.…
At the beginning of this week the US Dollar was riding high and trending in an elevated position against a number of its most traded peers thanks to comments issued by Federal Reserve Chairwoman Janet Yellen the previous…
