The New Zealand dollar behaved similar to its Australian counterpart, rising intraday but trimming gains later. New Zealand’s macroeconomic data released over the trading session was mixed, though the currency paid more attention to the good part. On the positive side, the ANZ business …
The Australian dollar rallied intraday during the current trading session but failed to maintain gains and is trading near the opening level now. Market analysts argued that the reason for the gains were the rally of Chinese stocks. The Shanghai Stock Exchange Composite Index climbed 0.92% …
The Chinese yuan is strengthening on Tuesday after a Wall Street giant forecast that the worldâs second largest economy will soon become the biggest economy in the world by 2030. The currencyâs gains were capped on the intensifying trade dispute between Beijing and Washington, as well as a report that …
The Japanese yen was generally weak today following the release of monetary policy minutes. Positive macroeconomic data did not help the currency. The Bank of Japan released today minutes of its July policy meeting. The notes mentioned uncertainties associated with the trade war between …
The euro edged up today after the better-than-expected German business climate print and rose further sharply following comments from European Central Bank President Mario Draghi. As of now, the currency has lost its gains versus the US dollar, trimmed them against the Japanese …
The US dollar erased its early gains and extended its two-week losing skid on Monday. As investors braced for the Federal Reserveâs two-day policy meeting and read reports that China canceled trade talks with the US, the greenback dipped against a basket of currencies. On Wednesday, the central …
The Great Britain pound recovered a bit today following the big slump on Friday. The main driver for the currency was Brexit news. On Friday, the sterling demonstrated a sharp drop after the trade negotiations between the United Kingdom and the European Union hit an impasse. Yet the currency recovered today …
The Australian dollar recovered a bit after opening sharply lower today. While trading was somewhat slower than usual as markets in China and Japan were closed for a holiday, the new developments in the US-China trade war dragged commodity currencies down. The planned US tariffs on $200 …
The US dollar ended the week mostly soft despite escalation of the US-China trade conflict. Markets largely brushed off the news, and traders showed more interest in riskier higher-beta currencies instead of safer ones. The United States implemented a 10% tariff on $200 billion of Chinese goods, …
The Canadian dollar started on Friday holding a three-month high as inflation data boosted odds of the central bank raising interest rates. Those gains were later pared after a White House official stated that the US is âvery, very closeâ to moving ahead on a trade …