The British pound today extended yesterday’s rally against the US dollar following President Trump’s criticism of the Fed’s interest rate hikes. The GBP/USD currency pair shrugged off concerns regarding the possibility of a no-deal Brexit even as the EU’s chief negotiator and the UK’s Brexit minister are …
The Australian dollar was mixed today after the Reserve Bank released minutes of its August policy meeting, which did not provide many new insights into the central bank’s plans. The RBA released today minutes of the meeting that happened two weeks ago. …
The Canadian dollar is looking for direction on Monday after the government reported better-than-expected inflation numbers. Investors will now look ahead to retail sales data later this week, as well as keep a close eye on the US central bank headâs annual speech at Jackson Hole. …
The euro today traded sideways against the US dollar amid market concerns regarding the infrastructure spending plans of the Italian government. The recovery by the US dollar earlier today drove the EUR/USD currency pair lower, but the pair has since recovered most of its losses to trade …
The Great Britain pound rose against its major rivals today. It was surprising, considering that Britain’s macroeconomic data was not good and the Brexit worries continued to weigh on the currency. The Rightmove House Price Index dropped 2.3% in August from the previous month …
The Turkish lira continued to fall today after halting its recovery last week. For now, it looks like the decline did not affect other currencies. On Friday, Standard & Poor’s cut Turkey’s credit rating, announcing: S&P Global Ratings lowered …
The US dollar, as well as the Japanese yen, was among losers during the past trading week as the investors’ sentiment improved and the market entered a consolidation mode. The Great Britain pound was also among the weakest currencies, while the New Zealand dollar and the Canadian dollar were the strongest …
The euro rose on Friday. Macroeconomic data released in the eurozone during the trading session was good, with inflation coming out within expectations and the current account beating forecasts. Eurostat reported that eurozone inflation was at 2.1% in July, up from 2.0% in June, according …
The New Zealand dollar rose today, boosted by the Producer Price Index, which came out much better than was expected by economists. The output PPI rose 0.9% in the June quarter from the previous three months, while the input PPI rose 1.0%. That is …
The Canadian dollar is rallying to finish off the trading week. The loonie is strengthening on higher energy prices and strong inflation numbers, but the currencyâs gains may have been capped by President Donald Trump excluding Canada from the latest North American Free Trade …