The euro today fell to new 6-week lows against the US dollar as investors remained concerned about Italy’s defiance towards the EU’s budget demands. The risk-off sentiment in the market further contributed to the EUR/USD currency pair’s decline as trade war fears dominated the markets on a data-light Monday. …
The Australian dollar was mixed today, trading basically flat against its US counterpart, rising against the euro, but falling versus the Japanese yen. Fundamentals, which were mixed themselves, did not help the currency to find a direction. The People’s Bank of China announced …
The US dollar ended the week as one of the strongest currencies on the Forex market, though the Great Britain pound outperformed the greenback. The Canadian dollar was also strong, while other commodity currencies were weak. The US currency was firm thanks for the most part to solid domestic …
The Japanese yen is rising modestly against its counterparts on Friday after new data suggests the countryâs economic recovery is holding steady. But the International Monetary Fund (IMF) issued a report that urged Tokyo to take a breather and not declare victory just …
The Canadian dollar behaved similarly to its US counterpart, climbing after the release of a domestic employment report but pulling back later. That was surprising considering that Canada’s macroeconomic reports released today were universally good. The Statistics Canada reported that employment …
The US dollar showed volatile reaction to nonfarm payrolls, sinking after the release but rebounding almost immediately afterwards. That should not be a surprise considering that the report was very mixed. Currently, the greenback reversed its movement yet again and went lower. …
The Swiss franc declined against its most-traded rivals today after Switzerland’s inflation missed expectations. The Federal Statistical Office reported that the Swiss Consumer Price Index rose 0.1% in September month-on-month and 1.0% year-on-year. The monthly increase failed to meet market expectations of a 0.2% …
The Australian dollar was virtually flat today amid mixed domestic macroeconomic reports as traders were waiting for employment data from the United States. The Australian Bureau of Statistics reported that retail sales rose 0.3% in August, in line with expectations, after showing no …
The Canadian dollar declined against its major peers today, dragged down by a range of factors. Among them were the relatively strong US dollar, falling prices for crude oil, and poor macroeconomic data. Prices for crude continued to fall today following yesterday’s surge of US …
The US dollar is continuing to post incredible gains against several currencies on Thursday after an impressive week of domestic economic data and global developments. The greenback will now look ahead to the September jobs report on Friday, which is expected to come in strong. According to the Institute …