Aussie is struggling a little bit right now, thanks in large part to the latest Chinese data. With one of Australia’s major trading partners struggling, the Down Under currency is finding it difficult to gain the upper hand against some of its counterparts. Aussie is running into difficulties today at the beginning of a new week, month, and quarter. The latest Chinese factory activity reading, from March, found a slower rebound … “Aussie Struggles Following Chinese Data”
Month: April 2013
Won Falls after Friday’s Rally
The South Korean won fell today, reaching the lowest price in a week, on poor trading data and conflict with North Korea, which threatens to turn into an overt war. The won fell today, following the Friday’s attempt to rally, as South Korean exports registered almost no growth in March. This was attributed to the weaker yen, which made Japan’s goods more competitive. At the same time, imports dropped 2 percent, resulting in a bigger … “Won Falls after Friday’s Rally”
Japanese Yen Heads Higher on Short-Covering
Japanese yen is higher today as Forex traders and investors move into wait and see mode with regard to economic data and concerns about what’s next for the global economy. Also helping the yen today is a round of short-covering. Forex traders are waiting for data from the United States related to construction spending and manufacturing. Additionally, Forex traders have had the weekend to digest the latest European developments and try to decide what … “Japanese Yen Heads Higher on Short-Covering”
Cyprus: Potential capital outflows and euro-zone outflow explained
Is money staying in Cyprus due to capital controls? Will this trigger outflows of euro-zone banks in other countries? Can we expect more flows to the UK? Christopher Vecchio of DailyFX dives into these questions and also discusses a potential euro-exit of Cyprus. The impact on other countries depends on the success or failure of … “Cyprus: Potential capital outflows and euro-zone outflow explained”
Forex Crunch Key Metrics March 2013
The month of March was a record month in page views and also other parameters were on the rise. The momentum from January and February prevailed as volatility remained high and events moved the markets. Hopefully 2013 will continue seeing this positive trend also in the next quarters. The numbers: Page Views: 479,285. Visits: 197,965. … “Forex Crunch Key Metrics March 2013”