The Canadian dollar was mixed on Thursday, rising against the euro but falling versus the US dollar and staying almost flat against the Japanese yen. Domestic macroeconomic data was also mixed, making no incentive for the currency to go one way or the other. Canada Mortgage …
The Chinese yuan is reversing its gains this week after touching a one-week high on Wednesday. The decline came as the central bank warned some of the nationâs largest financial institutions about potential âherd behaviorâ and momentum-chasing moves in the foreign exchange market. On Thursday, according to Bloomberg, …
While Australia’s economic calendar had no releases today, but China, Australia’s biggest trading partner, released important inflation data. The reports showed better-than-expected results, prompting the Australian dollar to rally. Yet the currency has lost its gains by now and is trading …
The euro today declined against a resurgent US dollar in the wake of the intensifying trade spat between the US and China. The EUR/USD currency pair headed lower in the late Asian session as the greenback rallied higher and the selling pressure increased during the early European session. The EUR/USD currency pair …
The New Zealand dollar plummeted today following the monetary policy announcement of the Reserve Bank of New Zealand released by the end of yesterday’s trading session. While the central bank left its monetary policy unchanged, the statement was more dovish than market participants had expected. …
The Japanese yen tumbled midweek after the countryâs balance of payments for June missed market forecasts. Investors will now look ahead to Japanâs second quarter gross domestic product (GDP) numbers to find direction in the currency. According to the US Department of Commerce, the US goods trade …
The Sterling pound today dropped to new 11-month lows following the resurgence of the US dollar amid negative investor sentiment towards the pound. The GBP/USD currency pair was weighed down by the looming fears of a no-deal Brexit as well as the ongoing trade standoff between the US and China. The GBP/USD …
The New Zealand dollar was mixed today after decent macroeconomic data and ahead of the central bank’s monetary policy meeting. The Reserve Bank of New Zealand inflation expectations in the September quarter for the next two years remained basically unchanged at 2.0%. Released yesterday, the GlobalDairyTrade Price …
The Australian dollar was little changed against most of its major rivals today but dropped versus the Japanese yen. Today’s macroeconomic data was rather poor, weighing on the currency. Yesterday, the Reserve Bank of Australian announced its policy decision. The central bank made …
The Canadian dollar is trading higher on Tuesday, finding support from rising crude oil prices and a lower US dollar. The loonie has risen to its best level in eight weeks against the greenback, and it could add to its gains on reports that an updated North …