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AUD/USD – 2013 In Review

AUD/USD – 2013 In Review

Jan 2, 2014

The Australian dollar is known for its strong volatility, and taking traders on roller coaster rides, and the currency certainly didn't disappoint in 2013. The Aussie started the year close to the 1.04 level and looked great in early January, climbing just short of the 1.06 line. The currency lost...

USD/CAD – 2013 In Review

USD/CAD – 2013 In Review

Jan 2, 2014

The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the currency lost about five cents against the US dollar in Q4. The Canadian currency began the year close to the parity level, but tumbled to three-year lows in December, as USD/CAD...

USD/JPY – 2013 In Review

USD/JPY – 2013 In Review

Dec 26, 2013

The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp losses against the US dollar, as the slumping Japanese currency finds itself trading at five-year lows. The BOJ's monetary platform consists of increasing its monetary base and asset purchase (QE) programs. The...

GBP/USD – 2013 In Review

GBP/USD – 2013 In Review

Dec 26, 2013

The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous forecast. The BOE is predicting growth in 2014 of 2.8%. Inflation remains well above the central bank's target of 2%. The forecast for 2013 is a level of 2.6%. This is...

EUR/USD – 2013 in Review

EUR/USD – 2013 in Review

Dec 25, 2013

The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. Inflation is projected to remain week, with an estimate of 1.3%. So we can expect interest rates to remain low for the foreseeable future, as ECB head Mario Draghi has stated...

Global Currencies Forecast: 2014

Global Currencies Forecast: 2014

Dec 10, 2013

More than five years after the onset of the Great Recession, consistent global growth remains elusive, prompting central banks to stick with artificially low interest rates while pumping an unprecedented infusion of cash into the financial system. As they search for new ways to stimulate liquidity to augment the stimulus...