The EUR/USD currency pair was in a consolidative phase during the Asian session even as US Treasury yields hit new highs overnight and the greenback rally lost some momentum. The release of the German wholesale price index in the early European session was one of the triggers behind the currency …
The Canadian dollar was stable today following economic releases over the current trading session and ahead of important economic reports due to release tomorrow. Automatic Data Processing reported that Canada’s employment rose by 30,198 in April, while the March increase got a significant positive …
The Great Britain pound rallied today amid reports that the United Kingdom seeks to remain in the customs union after it leaves the European Union. The currency retreated a bit after Britain’s Prime Minister Theresa May denied such plans, though the sterling remained firmly …
The New Zealand dollar behaved somewhat similarly to its Australian counterpart today, attempting to rally intraday, but losing gains by now. Statistics New Zealand reported that the input Producer Price Index rose 0.6% in the March quarter from the previous three months, slowing …
The Australian dollar attempted to rally intraday but has trimmed its gains against most major rivals by now and lost them versus the US dollar entirely. The rally followed employment data, which actually was somewhat mixed. According to the report from the Australian Bureau …
The EUR/USD currency pair today hit fresh 2018 lows in the mid-European session despite the release of mostly positive Eurozone CPI data. The currency pair had a muted reaction to the European Central Bank President Mario Draghi’s speech in Frankfurt today, but headed lower triggered …
The Australian dollar was firm today despite underwhelming domestic macroeconomic reports released over the current trading session. The Westpac-Melbourne Institute Consumer Sentiment Index for Australia declined 0.6% in May, the same as in April. The Australian Bureau of Statistics reported that the Wage Price Index rose …
Japan’s economy surprised economists, unexpectedly halting growth last quarter. Yet that did not bother the Japanese yen, which rose against its major rivals today. Japan’s Cabinet Office reported that gross domestic product fell 0.2% in the first quarter …
The euro today registered a significant drop against the US dollar from the mid-European session following high demand for the greenback boosted by higher US Treasury yields. Mixed data from a cross the Eurozone such as the weak German GDP data released earlier today also contributed …
The British pound today remained depressed against the US dollar despite the release of the mostly positive UK labour market report for May. The increase in the 10-year US Treasury yields to levels above the crucial 3.00% level exerted downward pressure on the cable restricting any positive moves …