US dollar index is slightly lower today, as choppy trading is the norm. Many currencies are trading mixed right now, and that includes the greenback. With concerns about the eurozone, and with speculation about continued currency wars some countries attempt to stimulate their economies, there is some thought that the dollar will show relative strength overall
British forex news, The Great Britain pound dipped today after the CBI retail sales report showed that trading volumes were flat in March, while traders have hoped for growing sales. The currency was able to hold ground against the Japanese yen as the report was not completely negative
Aussie currency, The Australian dollar was little changed today after yesterday's gains as traders wait for the scheduled speech of Reserve Bank of Australia Governor Glen Stevens. Market participants hope that Stevens' comments will hint on future monetary policy of the central bank
Meanwhile, Forex market participants had hard time trading last week and it is not likely that this week will be in any way better. Uncertainty and confusion created by the situation in Cyprus leads to volatile and unpredictable moves. Unsurprisingly, the euro is one of the hardest currencies to trade right now
From Ottawa finance news, The Canadian dollar advanced today, as crude oil gained amid the positive market sentiment caused by the bailout deal for Cyprus. The currency trimmed its gains and fell against the yen as optimism was slowly going away from the Forex market
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