The Japanese yen rallied intraday during the Thursday’s trading session but has lost its gains by now. Worse-than-expected domestic retail sales data was not helping the currency. Japan’s retail sales rose 0.6% in May, year-on-year. That was a far slower pace …
The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated. The RBNZ left its main interest rate at 1.75%. Such decision was widely expected. …
The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet …
The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% …
The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). …
The US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade …
The Sterling pound today fell to new lows against the US dollar following a dovish speech by the Bank of England‘s newest member Jonathan Haskel at his appointment hearing before the UK Parliament. Haskel’s comments coupled with renewed US dollar demand served to trigger the selling …
The Japanese yen gained on its major rivals today despite somewhat soft inflation print that came out in Japan during the Asian trading session. The major supporting factor for the currency remained fears of trade wars. The Bank of Japan core Consumer Price Index rose …
The Canadian dollar fell against major currencies today, joining other commodity currencies in decline. The main theme on Monday was the escalating threat of trade wars between world’s major economies. Commodity currencies are usually sensitive to swings in market sentiment, and this was certainly …
The Turkish lira rallied today after victory of Recep Tayyip Erdogan in the presidential election. Erdogan’s victory in the Turkish presidential election reduced political uncertainty, making the lira a bit more appealing to investors. Market analysts argued, though, that there is a high chance that …