The euro wallowed at its lowest in over 11 years as investors waited for the ECB to announce more details of its bond-buying program.» Read More
Risk-on investors are back in action, and the euro is riding high — it's time for your FX Fix.
Japan is Hawaii's second largest market for tourists behind the US mainland. Last year, 1.2 million Japanese came to the islands and spent $1.9 billion, according to the state tourism officials. Now, all of this is threatened.
As investors have rushed to safe-haven currencies, the Canadian and Australian dollars have been hit hard - maybe too hard.
It's a bad day to hold a risky currency, but anyone with Swiss francs, or even yen, is sitting pretty right now. It's time for your FX Fix.
Oil prices are driven by a supply shock rather than increased demand due to a stronger world economy, so investors in currencies look to "risk" rather than "macro" factors, David Bloom, global head of foreign exchange research at HSBC, wrote in a market note.
Thanks to higher oil prices and a gradually improving U.S. economic outlook, the Canadian dollar is riding high.
What a difference a day makes: The dollar is not in freefall for a change, and the euro is slipping. It's time for your daily FX Fix.
The Canadian dollar has room to rise - but not because of spiking oil prices.
Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.
Libyan unrest is boosting the dollar, and a European Central Bank hawk is helping the euro. Here's your daily FX Fix.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.