The Japanese yen is strengthening against its American counterpart on Thursday, despite concerns that the recent typhoon and earthquake that tore through Japan could impact the national economy. The latest weather events are leaving investors fearful of the long-term consequences, especially at a time when …
The Swedish krona dropped today after Sweden’s central bank kept its benchmark repo rate unchanged and pushed back the planned rate hike to a later date. The Riksbank left its main interest rate at -0.5%, in line with market expectations. The central bank’s statement …
The Swiss franc gained against most of its major rivals today, boosted by risk aversion and the better-than-expected GDP print. The Swiss Federal Statistics Office reported that gross domestic product grew 0.7% in the second quarter of this year following the 1.0% growth in the first quarter …
The euro today rallied higher against the US dollar following the release of disappointing employment data from the USA in the early American session. The EUR/USD currency pair was trading sideways in the mid-European session following a brief decline during the Asian session largely driven by market sentiment. …
The Australian dollar was mixed-to-lower today despite domestic macroeconomic data that showed a better-than-expected trade balance. The Australian Bureau of Statistics reported that the trade surplus decreased to A$1.55 billion in July from A$1.94 billion in June. Despite the decrease, the actual reading was better …
The Chinese yuan is strengthening against its US counterpart midweek, buoyed by reports that investors appear to be bullish on the currency, the national economy, and the domestic bond market. The yuan also gained momentum on a recent analysis by a Wall Street giant that the currency could gain …
The euro today initially fell drastically in the Asian session as concerns regarding the risk of emerging markets contagion triggered a selloff in riskier currencies including the euro. However, the single currency mounted a recovery from the early European session as market fears dissipated and the US dollar retreated from …
The Australian dollar was volatile today, struggling to preserve its gains. While it was trading above the opening level against most major rivals, the Aussie struggled to move higher despite a very supportive factor in the form of the faster-than-expected economic growth. The Australian Bureau of Statistics …
The New Zealand dollar was relatively firm today. That is surprising considering that macroeconomic data was overwhelmingly negative to the currency. Released during the American trading session, the GlobalDairyTrade Price Index dropped 0.7%. The ANZ Commodity Price Index, released during the Asian …
The US dollar rallied against all of its major rivals today. Market analysts explained the rally by risk aversion caused by trade war fears, though many also mentioned the unexpectedly positive manufacturing report. Investors were nervous today, anticipating that the planned tariffs …