The Canadian dollar is strengthening against its US counterpart on Tuesday after officials confirmed that they are extending talks to renegotiate the North American Free Trade Agreement (NAFTA). The latest reports suggest that American trade representatives are encouraging Ottawa to open …
The Australian dollar fell against its most-traded rivals after the release of mixed domestic macroeconomic data. Surprisingly, the Aussie managed to gain on the Japanese yen. The business confidence reported by the National Australia Bank fell from +7 to +4 in August. At the same time, the business conditions improved …
The Swiss franc rose against its most-traded peers today amid rising risk aversion on the Forex market. Traders became more nervous after China threatened to retaliate in response to the US tariffs. China and the United States are the world’s biggest economies, therefore a trade war …
The Sterling pound today declined against the US dollar following the release of the latest UK jobs report in the early European session. The GBP/USD currency pair’s decline was largely due to risk aversion among investors reacting to the latest headlines in the Sino-US trade war. The GBP/USD currency …
The Japanese yen is holding steady on Monday as the national economy grew at its fastest pace in two years during the second quarter. Japanâs economic outlook for the rest of 2018 might be gloomy because of recent natural disasters and potential trade tensions with the US. According …
The British pound today rallied higher against the US dollar following the release of the UK GDP monthly estimate for July, which came in above expectations. The GBP/USD currency pair’s rally was slowed down by the weak manufacturing output print, which indicated that manufacturing activity …
The US dollar is rallying against its major counterparts at the end of the trading week following a better-than-expected August jobs report. The bullish economic report will likely give further ammunition to the Federal Reserve to raise interest rates at its next Federal Open Market Committee …
The Canadian dollar today fell significantly against its US counterpart following the release of the latest Canadian employment data, which missed expectations. The USD/CAD currency pair was also boosted by the resurgent greenback, which was fueled by the upbeat US nonfarm payrolls report released …
The Japanese yen was soft today despite mild risk aversion among Forex traders. Domestic macroeconomic data was mixed, providing no aid to the currency. Household spending rose 0.1% in real terms in July over the year instead of falling 0.9% as analysts had …
The Australian dollar traded broadly lower today. While domestic macroeconomic data was mixed, analysts speculated that persisting risk aversion on the Forex market was the major reason for the currency’s decline. The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction …