The Parker FX Index, a global benchmark that tracks the performance of leading currency funds, has reported a jump of 2.71% MoM in the month of January, with approximately 63% of programs in the index showing positive results...
On Friday the greenback was broadly higher against its peers, as investors expected an upcoming report on U.S. nonfarm payrolls due later in the day. The euro touched new lows, as ECB's Draghi confirmed the central bank will begin purchasing euro zone government bonds on Monday...
On Friday the Australian dollar edged up marginally in a slim data day with the focus ahead on nonfarm payroll data in the U.S...
On Thursday the U.S. dollar climbed against its Canadian peer, despite data indicating that U.S. jobless claims rose unexpectedly last week. The euro stays under broad selling pressure after the ECB statement...
On Thursday the British currency dropped to one-month lows against its US peer, as downbeat U.K. house price data weighed and as markets eyed the Bank of England's upcoming monetary policy statement due later in the day...
On Wednesday the greenback got off 11-year peaks against other major currencies, impacted by the data showing the U.S. private sector created fewer-than-expected jobs last month...
On Wednesday the greenback was steady against the euro and the yen, as market players looked ahead to a fresh series of U.S. economic reports and a European Central Bank meeting for further indications on the direction of monetary policy...
On Tuesday the euro fell to one-month lows against the greenback, as jitters ahead of the European Central Bank's monthly policy meeting overshadowed strong economic reports from Spain and Germany released earlier Tuesday...
On Tuesday the pound sterling was steady against the U.S. dollar, after data indicated that in February U.K. construction sector activity expanded at a faster rate than expected...
On Tuesday the kiwi dollar was higher against its U.S. peer, as demand for the greenback declined after Monday's upbeat U.S. economic reports sparked expectations for a rate hike in the near future...
On Tuesday the Australian dollar rose, as the Reserve Bank of Australia held the cash rate steady at 2.25%, a record low, but signalled it might move to cut further to spur growth...
Although there has been much press recently about the US Dollar loosing its status, there is no doubt that as of this lesson and most likely for the foreseeable future, the US Dollar still reigns supreme over all other currencies of the world...
On Monday the greenback was almost unchanged against its Canadian counterpart, as disappointing U.S. personal spending data weighed, though a weak report on Canada's current account dented demand for the loonie...
On Monday Bitcoin prices slid into the red territory, after hitting a two-week high earlier in the session...
On Monday the British currency rose versus its US counterpart, after new data indicated that UK manufacturing activity expanded at the fastest rate in seven months in February. At the same time, demand for the greenback was underpinned after Friday's US growth report...
On Monday the New Zealand dollar fell against its U.S. peer, as demand for the latter remained strong after the release of Friday's upbeat U.S. economic growth data...
Behind central banks in terms of size and ability to move the foreign exchange market are the banks which we learned about in our previous lessons which make up the Interbank market...
When more people want a particular currency, the cost of the currency in terms of other currencies will go up. When demand decreases or people do not want to hold a country’s currency, the value will go down...
From Callum Newman in Albert Park: ‘Greece secured a four-month extension of its financial rescue when its eurozone partners approved a reform plan that backed down on key leftists measures and promised that spending to alleviate social distress would not derail its budget...
On Friday the greenback slipped against its Canadian counterpart, as demand for the US dollar was dampened after data showed that the U.S. economy grew less-than-expected in the last quarter...
