The euro today dropped from 2-week highs against the US dollar as the greenback rallied higher from the early European session to recoup most of yesterday’s losses. The EUR/USD currency pair rallied slightly after the release of positive German inflation data, but could not sustain …
The US dollar rallied today against most of its major peers, breaking the three-day long streak of losses. The greenback has lost its gains against the Japanese yen by now but kept them against other rivals. The US Dollar Index rose 0.25% today. …
The Chinese yuan is still trading lower on Friday, despite reports that the US Treasury Department will not label the worldâs second-largest economy a âcurrency manipulator.â The positive news was offset by an International Monetary Fund (IMF) forecast that lowers the nationâs economic growth …
The Japanese yen fell intraday but as many other currencies was trading near its opening level later. Domestic macroeconomic data was mixed, giving the currency no reason to go one way or the other. The M2 money supply increased by 2.8% in September from …
The New Zealand dollar rose today, though the currency has trimmed its gains by now, losing them outright against some rivals. The seasonally adjusted BusinessNZ Performance of Manufacturing Index fell to 51.7 in September from 52.0 in August. The report commented on the result: New …
The Australian dollar managed to hold its ground, trading near the opening level against its major peers, despite fundamentals that were rather unfavorable to the currency today. The Australian Bureau of Statistics reported that the seasonally adjusted number of home loans dropped by 2.1% in August …
The Japanese yen is posting modest gains against its US counterpart on Thursday after the Chinese government encouraged renewed economic cooperation with the worldâs third-largest economy. The yen received a slight shot in the arm on various surveys that show a boost in key sectors. This …
The euro today rallied higher against the US dollar from the early European session largely due to the massive pullback in global equity markets, which favored the single currency. The EUR/USD currency pair’s rally was further boosted by President Donald Trump‘s criticism of the Fed’s monetary …
The Canadian dollar is trading lower against its US and European counterparts midweek. The loonie has been tumbling on lower crude oil prices and rising US bond yields that analysts fear could impact global growth. It appears that striking a new …
The British pound today rallied higher against the US dollar from the early European session as it emerged that the European Union and the UK were about to reach a Brexit deal. The GBP/USD currency pair was further boosted by the fact that the US warned China against …