The British pound is deemed to maintain its weakness today opposite the Euro as the United Kingdom suffered a credit rating downgrade from a major agency after Moody’s stripped its prized triple-A rating on sluggish growth expectations. Meanwhile, despite a weaker outlook for the Euro Zone this year, the Euro is apt to receive a lift from the buoyant German Ifo Business Climate report for February.



Moody’s cut Britain’s rating by one level from Aaa to Aa1, with a stable outlook,…

The Australian dollar is deemed to sustain its gains opposite the Japanese yen today after the Reserve Bank of Australia said it saw signs that low interest rates are starting to stimulate the economy, managing to scale down expectations of further rate cuts in the months ahead. Meanwhile, a bleak trade report from Japan is foreseen to weigh o the Yen today.



Minutes of the RBA’s February 5 meeting published yesterday indicated that members are positive about the economy, seemingly…

The British pound is foreseen to dip alongside the Euro today on renewed concerns over the British economy after retail sales unexpectedly fell in January as snowy weather dampened consumer spending. Meanwhile, the Euro is deemed to gain after European Central Bank board member expressed optimism over prospects in the Euro Zone.



Retail sales unexpectedly fell for a second consecutive month in January as snowfall kept consumers at home and incomes remained under pressure, hurting…

Demand for safe investments like the US dollar look to trump risk assets such as the Canadian dollar today after a string of woeful economic data from Japan to the European bloc. Trade sentiment turns lower as uncertainty flourished across the markets from earlier releases.



The markets turned sour after reports from the Eurostat, INSEE and Destatis proclaimed what economists have already expected – except that analysts’ estimates proved to be relatively conservative than what actual…