The Norwegian currency climbed today versus most of 16 main traded currencies after the nation’s central bank rose its benchmark interest rate surprising analysts and attracting traders to
Aussie Dollar Drops on Monetary Policy Change
The Australian dollar has been one of the best performers in currency markets during the past few months as it was the first country to raise interest rates among the wealthy nations, today the sentiment towards the Aussie changed after surprising statements from the country’s financial authorities.
Dollar Down on Fed Frustrating Statement
The dollar declined versus a number of currencies today after the Federal Reserve signaled interest rates will remain low for a longer period, declining attractiveness for the U.S. currency in foreign exchange markets.
Euro to Tumble Further on Market Sentiment Shift
The euro has been falling steadily since the beginning of the month when it touched the highest rate in 15 months versus the dollar, as speculations emerged in the U.S. that interest rates will be hiked from an all time low, declining attractiveness for the European bloc’s currency.
Swedish Krona Down on U.S. Optimism
The Swedish krona has been losing terrain versus the dollar as the U.S. economy signals of recovery has been leaving space for speculations regarding interest rate hikes, declining attractiveness for the Swedish currency.
Inflation Growth Helps Pound to Gain
The pound gained today versus several important currencies and specially versus the euro after a report showed an increase in the U.K.’s inflation, helping speculations that interest rates will be raised in the country to grow.
Canadian Dollar Rallies Fueled by Oil Performance
The Canadian dollar managed to climb versus most of the 16 main traded currencies as its main export, the crude oil, advanced today after posting its sharpest fall this year in the beginning of this week’s session.
Dollar on Record High Before Reports
The U.S. dollar reached the highest rate in more than 2 months as a speculations regarding a series of reports to be released today indicate that favorable numbers will help the Federal Reserve to lift stimulus measures raising attractiveness for assets in the world’s wealthiest nation.
Dollar Down Slightly on Temporary Risk Appetite
After several days gaining versus most of the 16 main traded currencies, the dollar dropped since risk appetite provided strength for currencies to gain versus the greenback, erasing partially gains earned on previous sessions.
South African Rand Remains Bullish on Dubai Optimism
The South African rand extended gains from last week as concerns regarding Dubai’s debt declined today, providing support for risk fueled traders to purchase assets in emergent markets and commodity linked countries like South Africa.