The Australian dollar rallied today after the country’s political crisis was resolved for the time being as Australia got a new leader. As was expected, Malcolm Turnbull did not last long as Prime Minister after winning a vote for staying in the seat just this Monday. By Friday, …
The euro today traded lower against the US dollar despite the release of mixed economic releases from across the Eurozone, which should have boosted the single currency. The EUR/USD currency pair was further weighed down by yesterday’s optimistic FOMC minutes, which boosted the greenback. …
The Canadian dollar is trading at its best level in two weeks against its US counterpart on Thursday. The loonie is rallying on reports that progress is being made in North American Free Trade Agreement (NAFTA) negotiations. This news, which is bullish …
The Japanese yen fell against some of its most-traded rivals and was flat against others today despite accelerating growth of Japan’s manufacturing sector and political turmoil in various parts of the world. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index rose a bit to 52.5 in August …
The Australian dollar dropped today amid political turmoil in Australia, which will likely result in a shift in the country’s leadership. Australia’s Prime Minister Malcolm Turnbull just survived a challenge to his leadership earlier this week. But now the Prime Minister faces a new challenge, …
The Chinese yuan is seeking direction after President Donald Trump accused the worldâs second-largest economy of being a currency manipulator. This prompted officials to deny the allegation, pointing out that the yuanâs exchange rate is determined by the market, not Beijing. But Trump has …
The Sterling pound today rallied higher against the US dollar following yesterday’s announcement by the chief Brexit negotiators to speed up the pace of negotiations. The GBP/USD currency pair was also boosted by the selling pressure around the US dollar following the political developments in two Federal investigations …
Macroeconomic data released in Australia over the trading session was good. But unlike its New Zealand counterpart, the Australian dollar was unable to rally against any of its rivals, though managed to pare losses against some of them. The six month annualised growth …
The New Zealand dollar was mixed today, rising against some of its rivals and falling versus others, following the release of retail sales data that beat analysts’ expectations. Statistics New Zealand reported that retail sales rose 1.1% in the June quarter from …
The US dollar is tumbling on Tuesday after President Donald Trump slammed the Federal Reserve for raising interest rates. Despite criticizing the US central bank on the 2016 campaign trail for keeping rates too low, the president believes that the Fed is not cooperating with …