The euro bounced today after opening sharply lower due to the financial crisis in Turkey. The current trading session was light on other events, including economic releases, but tomorrow’s session will be different, with plenty of macroeconomic data from the eurozone. Turkey’s crisis …
The South African rand touched the lowest level in two years against the US dollar today amid fears that the Turkish financial crisis will spread to financial systems of other countries. Riskier currencies of emerging markets, the rand being among them, were soft today …
The Turkish lira recovered a bit today after touching a new record low overnight. The nation’s central bank attempted to support the currency, making couple announcements. The Central Bank of the Republic of Turkey announced measures for liquidity management of the lira and FX deposits, promising that “the Central Bank …
The US dollar was strong during the past trading week thanks to risk aversion caused by the crisis in Turkey, though that same factor made other safe currencies compete with the greenback, and the Japanese yen emerged as a winner. The Turkish lira remained in a free fall as US …
The Turkish lira cratered more than 20% on Friday after the US government announced it was doubling its tariffs on the countryâs steel and aluminum exports. The collapse in the lira sent shockwaves throughout global financial markets, prompting the European Central Bank (ECB) to warn major …
Canada’s employment data released today was much better than forecasts, but the performance of the Canadian dollar was largely driven by the market sentiment. As a result, the loonie gained against the extremely weak euro, but fell versus safe currencies, such as the US dollar and the Japanese …
The US dollar rallied against its major rivals today, though not against safe ones, like the Japanese yen and the Swiss franc. The reasons for the rally were the stable inflation figures and risk aversion on markets. The US Consumer Price Index rose 0.2% in July, in line …
The Sterling pound today was on a downtrend from the Asian session, but recovered slightly after the release of positive UK GDP data. The GBP/USD currency pair’s decline was further accelerated by the release of upbeat CPI data from the US docket. The GBP/USD currency pair today …
The Japanese yen gained today amid risk aversion caused by international tensions around the world. Domestic macroeconomic data, while usually having a limited impact on the currency, was also supportive. Japan’s gross domestic product rose 0.5% in the second quarter of this year according …
The Australian dollar fell today as the rally of the US dollar and the sell-off of the euro hurt riskier currencies. The passive stance of Australia’s central bank was not helping the currency. The Reserve Bank of Australia released its quarterly Statement on Monetary Policy today. Unlike its New Zealand …