The US dollar was generally weak today as risk appetite made investors seek riskier currencies with higher yield. For the same reason the greenback gained on safe currencies, like the Japanese yen and the Swiss franc. Italy submitted its budget to the European Commission, which will …
The euro today has been alternating between gains and losses against the US dollar from the start of the session due to the risk-off sentiment in the markets. The EUR/USD currency pair dipped to new daily lows after the release of the German ZEW survey data, whose prints came in way …
The Australian dollar was basically flat against most of its major peers following the release of policy minutes by the Reserve Bank of Australia and inflation data in China, Australiaâs biggest trading partner. The RBA released minutes of its October meeting, which did not provide many …
The Sterling pound today rallied higher after the release of positive UK jobs data especially the unexpected increase in wages in the three months to August. The GBP/USD currency pair’s rally was initially triggered by comments from Germany’s Europe minister who stated that the likelihood of a Brexit …
The New Zealand dollar gained today after a report released overnight showed that inflation accelerated last quarter more than was expected. Statistics New Zealand reported that the Consumer Price Index rose 0.9% in the September quarter from the previous three months. …
The US dollar opened sharply higher against a range of other most-traded currencies today on the back of risk aversion. Currently, though, the greenback is weak due to retail sales missing expectations and geopolitical tensions. The US Census Bureau reported that retail sales rose just …
The Canadian dollar is rallying to kick off the trading week, buoyed by growing optimism among the business community. The loonie was lifted even more on increasing odds that the central bank will raise interest rates at least one more time before the year is …
The Swiss franc climbed today, joining the Japanese yen in a rally, as risk aversion returned to markets. That brought safe currencies back in favor of market participants. The Asian stock market crashed today, and European stocks did not perform well too. That was a result …
The Great Britain pound opened sharply lower today on negative Brexit news. Currently, the sterling is trying to crawl back to the Friday’s close. The backstop of the Irish border remained an unresolved issue between the United Kingdom and the European Union. EU chief Brexit negotiator Michel Barnier …
The stock market crashed this week and the US dollar followed. While the greenback recovered somewhat by the weekend, the US currency ended the week among losers. US President Donald Trump criticized the Federal Reserve for raising interest rates, saying that there is no inflationary …