The EUR/USD currency pair opened today’s session with a bearish outlook given the dovish outlook painted by ECB President Mario Draghi yesterday, which led to a bearish ‘outside day.’ The currency pair was on a downtrend up to the early American session when the flash US Q2 …
The EUR/USD currency pair opened today’s session with a bearish outlook given the dovish outlook painted by ECB President Mario Draghi yesterday, which led to a bearish ‘outside day.’ The currency pair was on a downtrend up to the early American session when the flash US Q2 …
The Australian dollar was mixed today, rising against such currencies as the euro and Swiss franc but falling against the US dollar and the Japanese yen, after a report showed that Australia’s producer inflation slowed unexpectedly. The Australian Bureau of Statistics reported that the Producer Price …
The Japanese yen was among the strongest currencies today following the domestic economic releases, which were better-than-expected. The Tokyo core Consumer Price Index rose 0.8% in July, year-on-year, after increasing 0.7% in June according to the report from the Statistics Bureau. Yesterday, the Bank of Japan …
The US dollar overtook the Japanese yen as the strongest currency on the Forex market today. Disappointing domestic macroeconomic data did not deter the greenback from rising. The Dollar Index climbed 0.44% today. Market analysts attributed the rally to the positive outcome of meeting of EU Commission President …
The euro today headed lower after the European Central Bank‘s interest rate decision and the press conference following the announcement. The euro gave up most of yesterday’s gains that were triggered by President Donald Trump‘s decision to remove the pre-announced tariffs on car imports from the EU. …
The Canadian dollar rallied to a six-week high on Thursday after the US government reported a bigger-than-expected decline in crude oil inventories. The loonie may also find direction in several key US economic reports, as well as President Donald Trumpâs recent meeting with European Union (EU) …
The Great Britain pound failed to log gains today despite bets on an interest rate hike from the Bank of England this month. The sterling was soft even as the market was pricing in more than 80% chance of a rate hike next Thursday. The currency actually did …
Domestic macroeconomic data was supportive for the Australian dollar today, but that did not prevent the currency from falling. The Australian Bureau of Statistics reported that import prices rose 3.2% in the June quarter from the previous three months, beating the consensus forecast of a 1.9% …
The US dollar was somewhat soft today, logging losses against most other major currencies. Market analysts blamed underwhelming domestic data and the threat of trade wars for the decline. The current trading session was light on economic releases from the United States, and the one that …