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Aussie Powers Through & Dollar Hits New 6-Month High Against Yen

The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%. AUDUSD rallied to a high of $0.9139 after the data from $0.9076 beforehand, and ended the session with a 0.5%...

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November 28, 2013 @ 8:29 am

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Yen Up Against Dollar After Weak US Data

The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met. Meanwhile, soft US housing data weighed on the dollar, which also helped the yen gain against it. Data released...

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November 26, 2013 @ 8:50 am

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Dollar Struggles At 100 Yen Level, Focus Is Now On FOMC

Focus is on the FOMC minutes that are due later this evening, which will be a key driver of the US dollar. During the European session the dollar was mixed, as markets digested yesterday’s comments by Federal Reserve President Ben Bernanke who reiterated the Fed’s continued stimulus program was here to stay. The euro was flat against the dollar on minor news flow today, but eased off the...

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November 20, 2013 @ 2:19 pm

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Euro stuck in range, Yen at 2-month low

The European session was relatively quiet as would be normal for a Friday, with most currency pairs consolidating the past couple of days’ moves. There was a lot of volatility yesterday as a result of news flow and economic data. Markets are digesting the news surrounding Janet Yellen’s testimony yesterday in front of the US Senate Committee. Yellen has been nominated for the Fed Chair...

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November 15, 2013 @ 1:48 pm

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