The Turkish lira remained extremely volatile, rising today after four consecutive sessions of losses. The lira gained on the news that Turkish policy makers lowered tax on lira deposits and raised them on deposits in foreign currencies. TEB Investment/BNP Paris strategist Isik Okte told …
The Chinese yuan rose against the dollar today despite the worsening market sentiment. The possible reason for that was the unexpected increase of the official Purchasing Managers’ Indices. China’s official manufacturing PMI rose from 51.2 in July to 51.3 in August instead of falling to 51.0 as analysts had …
The Canadian dollar dropped today after nation’s gross domestic product showed no growth in June, disappointing market participants. Hopes for a NAFTA deal remained a positive factor for the currency, which may support it in the near future. Statistics Canada reported that GDP basically …
The South African rand is sliding to its lowest level in more than a week after the government warned of a national âcatastropheâ should its controversial land reform program fail to take place. South Africa has been under the spotlight in recent months after domestic …
The Swiss franc fell versus the Japanese yen and was little changed against the US dollar following the release of unfavorable macroeconomic data. The KOF Economic Barometer fell from 101.7 in July (revised up from 101.1) to 100.3 in August. The report explained the result: …
The New Zealand dollar tumbled today after macroeconomic data showed that the business confidence deteriorated and the number of building consents fell. ANZ Business Confidence Index dropped to -50.3 in August from -44.9 in July. The report commented on the result: Headline business confidence fell …
The euro today fell against the US dollar following mixed releases from Germany led by the weak import price index data among others. The EUR/USD currency pair gave up yesterday’s gains that were triggered by positive investor sentiment towards the single currency …
The Chinese yuanâs recent rally has come to an end, snapping its three-day winning streak on Wednesday. The currency weakened against the American counterpart midweek amid ballooning corporate demand for cheaper US dollars. Can the yuan renew the rally this week ahead of some crucial …
The euro today fell against the US dollar, which was on a recovery path following yesterday’s selloff that was triggered by the risk-on market sentiment. The EUR/USD currency pair headed lower in the early American session following the release of the US Q2 GDP data, which beat …
The Great Britain was relatively strong today as data showed that shop prices showed inflation for the first time in more than five years. The Brexit fears were still weighing on the currency. The Shop Price Index reported by British Retail Consortium increased 0.1% in August, …