The Great Britain pound gained today on news that Ireland backed the Brexit plans of Britain’s Prime Minister Theresa May that would allow to avoid a border on the island. The currency was unable to outperform the very strong Japanese yen, though. May tries to find a way …
The Australian dollar fell today, reaching a new low for the year against the US dollar, amid risk aversion on the Forex market. The unexpected increase of the trade surplus failed to support the currency. The Australian Bureau of Statistics reported that the trade balance logged a surplus of A$1.60 billion in August, …
The Japanese yen was relatively strong today, gaining on riskier commodity currencies. Market analysts explained the currency’s strength by risk aversion caused by anticipation of higher interest rates from the Federal Reserve. If that is the case, it it surprising to see that the yen …
The Chinese yuan is struggling to find direction midweek after new data questioned if the worldâs second-largest economy is healthy enough to sustain its trade war with the US. Manufacturing growth stalled in September, household debt surged to a record high in 2017, and the government …
The Australian dollar fell today as building approvals fell in August unexpectedly. The positive market sentiment was unable to rescue the currency. The Australian Bureau of Statistics reported that the number of building approvals dropped 9.4% in August, month-on-month, after falling 4.6% in July (positively revised from …
The Japanese yen fell today as markets switched into a risk-on mode on the reports that Italy will change its budget plans to avoid clash with the European Union. The news were conflicting, though. Italy’s plans to approve a budget with a 2.4% deficit of gross domestic …
The Canadian dollar is trading lower on Tuesday in the aftermath of the historic trilateral trade deal between Canada, the US, and Mexico. The loonie could not sustain the momentum, especially as energy futures tumbled. The buck may now find short-term direction in this weekâs September jobs report …
The Japanese yen was strong today. It is unlikely that today’s Japanese domestic macroeconomic data, which was mixed, played role in that. Some market analysts speculated that the currency rallied because risk appetite caused by the trade deal between the United …
The Australian dollar dropped following the monetary policy decision of the Reserve Bank of Australia, even though the central bank did not make changes to its monetary policy and the statement was neutral. As was widely expected, the RBA left its main interest rate at 1.5%. The policy …
The Mexican peso is rallying on Monday after the US, Canada, and Mexico announced a new trilateral trade agreement called the USMCA, abandoning the North American Free Trade Agreement (NAFTA) term. The pesoâs strong performance to kick off the trading week comes after recording an admirable …