The euro rallied today but trimmed its gains against some rivals, including the Japanese yen and the Great Britain pound. The currency kept gains versus the US dollar and the Swiss franc, though. Some market analysts attributed the rally to the pause in the rise of US Treasury yields, …
The Japanese yen was weak across the board today as markets calmed down and the sentiment stabilized, giving traders no incentive to buy safer currencies. Positive macroeconomic data did not help the currency. Cabinet Office reported that core machinery orders rose 6.8% …
Positive macroeconomic data helped the Australian dollar to rise overnight but the currency has trimmed its gains by now, losing them outright against some of its major peers, including the US dollar and the euro. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 1% in October …
The Canadian dollar behaved similarly to some other currencies, including the Australian dollar and the Great Britain pound, falling initially but bouncing later today. The most likely explanation for the choppy movement were changes in the traders’ sentiment. While initially risk aversion prevailed on the market, later …
The Japanese yen gained intraday on risk aversion but has trimmed its gains by now. Currently, the yen trades above the opening level against the US dollar, flat versus the euro, and below the opening against the Great Britain pound. The clash between the European Union and Italy …
The euro today declined significantly against the US dollar as the US 10-year Treasury yields hit a 7-year high and investors reacted to the prospect of lower global economic growth. The tensions between Italy and the European Union regarding the latter’s budget plans also dragged the pair lower. The EUR/USD …
The Chinese yuan is rebounding against a basket of currencies on Tuesday after the federal government injected tens of billions of dollars into the national economy. Despite bearish forecasts and tumbling Asian stocks, the currency has strengthened, but it is still near a multi-year low. Beijing …
The Great Britain pound behaved similarly to the Australian dollar and several other currencies, falling intraday but rising later. Negative macroeconomic data was likely responsible for the initial drop, though the Brexit fears also likely played a role. British Retail Consortium reported that …
The Australian dollar was down intraday but bounced later, rising above the opening level against some of its rivals. The business confidence reported by the National Australia Bank rose from +5 to +6 in September, staying around the long-run average. The NAB business conditions edged …
The Great Britain pound declined today as optimism about a trade deal between the United Kingdom and the European Union started to wane. Earlier, the sterling was strong on the signs that the Brexit deal is near. But the recent reports put a damper on such hopes. Prime minister’s …