The Chinese yuan fell to its lowest level since June 2017 after the federal government vowed to adopt a more proactive fiscal initiative, reversing a previous policy of winding down stimulus efforts and unloading debt. This comes as the US government promised it would keep …
The Canadian dollar rallied today. The rally was likely a result of the rising prices for crude oil — Canada’s major export commodity, which often has a big impact on the performance of the loonie. With almost no domestic macroeconomic data to drive the Canadian currency this week, it …
The euro today rallied higher following the release of the German IFO survey in the early European session, which beat expectations slightly. The pair’s upside was largely limited by the impending trade talks between the USA and the European Union delegation in Washington scheduled for later today. The EUR/USD currency …
The Great Britain pound rallied today on the news that Prime Minister Theresa May will take matters of the Brexit talks with the European Union in her own hands. But the currency was unable to hold onto gains, giving up most of them by now. May …
The New Zealand dollar was firm today despite domestic macroeconomic data that showed a surprise trade deficit. The trade balance showed a deficit of NZ$113 million in June. That is instead of a surplus of NZ$200 million predicted by experts. Furthermore, the previous month’s trade surplus …
The Australian dollar today dropped sharply against the US dollar following the release of disappointing Australian consumer price index data in the Asian session. The AUD/USD currency pair gave up all its gains from an initial spike higher as investors anticipated positive inflation figures …
The Turkish lira slumped today after the nation’s central bank surprised and disappointed market participants, refraining from increasing interest rates. The Central Bank of the Republic of Turkey maintained its policy rate unchanged at 17.75% and said in the statement: Recently released data indicate a more …
The Canadian dollar is advancing against its American counterpart on Tuesday, finding support in rallying energy prices, strong recent economic data, and renewed interest in the loonie. Can the Canadian dollar continue its momentum throughout the trading week or will it lean on the US dollar …
The US dollar was mixed today, rising against some currencies, falling against others, and trading flat versus yet another ones. Domestic macroeconomic data was unable to provide direction to the currency, being mixed itself. Markit released Purchasing Managers’ Indices for both …
The euro today rallied slightly higher against the US dollar in the early European session following the release of mixed Eurozone PMI data by IHS Markit. The US dollar was stronger against the euro during the Asian session after President Donald Trump‘s comments on US GDP …