The Australian dollar rose against most of its major rivals, though not against the euro, after Australia’s consumer sentiment improved. The gains were limited, though, as the central bank’s head confirmed that an interest rate hike is unlikely in the near future. The Westpac Melbourne …
The British pound today rallied higher following the release of the latest UK employment report, which had mixed results. The GBP/USD currency pair later gave up most of its gains, but rallied higher in the American session as the UK Parliament voted on a crucial Brexit bill. …
The New Zealand dollar rose against its most-traded peers, though not versus the euro, today amid the positive market sentiment. Underwhelming domestic data did not deter the currency from rising. New Zealand manufacturing sales rose 0.6% in the March quarter of 2018 …
The euro ended the trading week as the strongest major currency amid receding fears of turbulent European politics and speculations that the European Central Bank will discuss quantitative easing tapering next week. By the end of the week, though, the currency softened a bit. While the euro suffered the week …
The euro fell against its major rivals today after the release of of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level. German …
The USD/CAD currency pair today rallied higher after the release of the Canadian employment report for May, which missed expectations by a huge margin. The currency pair later retraced most of its gains as the markets digested the positive aspects of the report, while trade concerns limited the currency pair’s …
The Canadian dollar fell today amid the threat of trade wars and concerns about lack of progress in NAFTA talks. The big rally of crude oil prices was unable to help the currency. The Bank of Canada released the Financial System Review today, mentioning the high household indebtedness level …
The euro today rallied higher against the US dollar despite the release of weak German factory orders for April in the early European session. The euro’s rally was further boosted by the weak US dollar even as investors turned bullish on the single currency, and sold the greenback. The EUR/USD currency …
The Australian dollar was very soft today, probably due to the risk-off market sentiment, while domestic macroeconomic data did nothing to help the currency. The trade balance surplus shrank to A$0.98 billion in April from A$1.73 billion in March, matching the consensus forecast exactly. The seasonally …
The Swiss franc was rather strong today, gaining on most of its major rivals. Economic data released in Switzerland over the trading session was neutral. The Swiss unemployment rate fell from 2.7% to 2.4% in May (not adjusted for seasonal variations), below the median forecast …