The Great Britain pound gained on its most-traded rivals today on the reports that the United Kingdom is willing to compromise to reach a trade deal with the European Union. The currency has trimmed its gains by now but was trading above the opening level against most …
The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed. China’s official manufacturing Purchasing …
The Canadian dollar rose sharply today after the news that Canada will join the trade agreement with the United States and Mexico after all. The currency opened sharply higher and proceeded to move up. Just when it looked like Canada will be left …
The US dollar ended the trading week strong thanks to the hawkish policy statement of the Federal Reserve. But the strongest currency was the Canadian dollar due to the better-than expected economic growth. The euro was weak, dragged down by the Italian budget. The Fed raised its main interest …
The Chinese yuan is gaining at the end of the trading week despite several bearish forecasts pertaining to the short-term outlook of the national economy and the currency. This comes one day after the yuan extended its losing streak to six months, the longest in 26 years, after shedding 4% …
The Canadian dollar weakened to its lowest level in a week as traders are doubtful that Ottawa can reach a new trade deal with the US. Trade negotiations hit a roadblock midweek after President Donald Trump weighed in on the talks and revealed he rejected a meeting with …
The New Zealand dollar was down against most major currencies today after the uneventful policy meeting of the nation’s central bank. The Reserve Bank of New Zealand kept its main interest rate at 1.75% as was widely expected. The central bank predicted that it …
The Canadian dollar is plunging midweek after the Federal Reserve raised interest rates and on growing uncertainty regarding a new North American Free Trade Agreement (NAFTA). Without any upcoming Canadian economic events, traders will look ahead to key US numbers later …
The central bank of the Czech Republic raised interest rates today, but that did not prevent the Czech koruna from falling against the US dollar. The Czech National Bank announced today: At its meeting today, the CNB Bank Board increased the two-week repo …
The US dollar was little changed today, though rose versus most European currencies as markets were waiting for the monetary policy decision of the Federal Reserve and accompanying forecasts that should reveal Fed’s outlook for the future. The Fed will conclude its two-day meeting today …