The Australian dollar was the weakest currency on the Forex market during the current trading session, falling against all other most-traded rivals. The most likely reason for that was the persisting fears of trade wars between the United States and their trading partners. Macroeconomic releases on the weekend …
The Japanese yen was rather strong today despite a mixed Tankan survey. The currency fell against the US dollar, though, which was also very strong on Monday. The Tankan Manufacturing Index fell from 24 in the March quarter to 21 in the June quarter, below the average …
The euro ended the past trading week as the second strongest major currency. The only currency that outperformed the euro was the Canadian dollar. Interestingly enough, both currencies logged most of their gains on Friday. The euro rallied after the European Union members managed to achieve an agreement …
The Canadian dollar ended Friday’s trading extremely strong thanks to the positive domestic macroeconomic data, rising crude oil prices, and the general positive market sentiment. Statistics Canada reported that gross domestic product rose 0.1% in April following the 0.3% increase in March. Economists …
On Friday, the Swiss franc ended trading strong against most of its rivals, with the exception of other European currencies. While domestic data was good, the likely reason for the good performance was the European Union migration deal. As for domestic fundamentals, the KOF Economic Barometer rose …
The Great Britain pound rallied today thanks to positive macroeconomic reports released in the United Kingdom. The most notable of them was the positive revision to gross domestic product. The Office for National Statistics reported that UK GDP rose 0.2% in the first quarter of 2018 from the previous …
Macroeconomic data released in Japan today was good, but the Japanese yen fell nevertheless. It looks like market participants continued to eschew currencies perceived to be a safe haven. The Tokyo core Consumer Price Index rose 0.7% in June from a year ago, …
The New Zealand dollar gained against some currencies but fell versus European ones, like the euro and the Swiss franc, most likely because the European Union was able to reach an agreement about immigration. As for domestic news, Statistics New Zealand reported the seasonally adjusted …
The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit. The EUR/USD currency …
The Swiss franc rallied against some of its rivals intraday but has lost its gains by now, similarly to the Japanese yen. It looks like currently traders are less interested in safe currencies. Yesterday, the Swiss National Bank released its Quarterly Bulletin. …