The Turkish lira halted its rebound and fell versus the US dollar and the euro today as concerns about the situation in Turkey resurfaced. Lately, it looked like fears about the financial stability in the Middle Eastern nation subsided. Yet concerns returned after the United States threatened …
The Japanese yen is continuing to find direction at the end of the trading week as analysts say that the currency is âundervalued.â As the market fears over the Turkish crisis dissipate, several currencies are looking to gain some momentum in this volatile environment, and one of them might be …
The Canadian dollar was among the weakest currencies today despite solid macroeconomic data and gains of crude oil, Canada’s major export commodity. The possible reason for that were resurfacing concerns about the Turkish situation. Statistics Canada reported that manufacturing sales rose 1.1% …
The Great Britain pound attempted to rally against some of its rivals today but was still hanging near the 14-month lows. While UK retail sales beat expectations and the general market sentiment improved, Brexit fears were still weighing on the currency. Britain’s Office …
The euro today recovered from the 14-month lows hit yesterday following the news that trade negotiations between China and the USA are set to resume later this month. The EUR/USD currency pair was also boosted by the release of the latest Eurozone trade balance data in the early …
The Australian dollar rallied today, boosted mainly by the improving market sentiment. Australia’s macroeconomic data released over the trading session was somewhat mixed, but mostly good. The Australian Bureau of Statistics reported that employment shrank by 3,900 in July on a seasonally adjusted basis. That …
The Indonesian rupiah rose a bit against the US dollar today after Indonesia’s central bank raised interest rates to stop the drop of the currency. The Bank Indonesia announced that it is increasing its interest rates, including the benchmark 7-Day Reverse Repo Rate, which …
The Turkish lira continued to recover, rising for the third straight trading session against the US dollar and the euro today. The currency got support from the news that Qatar will invest $15 billion in Turkey. While that will certainly be helpful, economists doubt that …
The Chinese yuan is hovering around its lowest level since May 2017 on Wednesday as the equities market plunged, US-China trade tensions escalated, and investors continued to sell off their yuan holdings this week. Is this a sign that the worst may be …
The Australian dollar dipped intraday during the Wednesday’s trading session but has bounced against most of its rivals by now and is trading near the opening level. Today’s macroeconomic data released in Australia was mixed. The Australian Bureau of Statistics reported that the Wage Price …