The Australian dollar was rather stable today, rising against some rivals and falling versus others, but only just a little bit. Fundamentals were somewhat mixed, giving the currency no help in finding direction. Among important events during the current trading session …
The Malaysian ringgit touched the lowest level in four months today but has managed to recover by now. Last week, former Prime Mister Mahathir Mohamad surprised many analysts by winning the seat again, but this time as a member of the opposition coalition. Market participants were …
The Japanese yen traded broadly lower today after the news that the United States made some concessions to China in the trade talks. Japan’s macroeconomic data was unable to support the currency. The market sentiment improved after US President Donald Trump twitted about helping …
The US dollar entered a consolidation mode, ending the week flat against most of its major rivals. As for other currencies, the Canadian dollar and the Great Britain pound were the strongest, while the New Zealand dollar ended the week extremely soft. The greenback was rising in the first half …
The US dollar extended yesterday’s decline today, heading to end the week flat versus most of its major rivals. The dollar remained extremely soft following the Thursday’s worse-than-expected inflation data. Today’s reports were decent for the most part as both import and export prices were …
The Canadian dollar today registered a significant loss against its American counterpart following the release of Canada’s April employment report in the early North American session. The loonie was stronger against the greenback in the Asian to mid-European sessions backed by the weakening US dollar following yesterday’s mixed …
The housing report released in Australia today was very poor and missed already pessimistic expectations. Yet the Australian dollar was mixed, falling against some rivals, but managing to etch gains versus others. The Australian Bureau of Statistics reported that the seasonally adjusted number …
The New Zealand dollar attempted to rally today on the back of the very good manufacturing report, but failed, and is now trading lower against most rivals with the exception of the very soft US dollar. The seasonally adjusted Performance of Manufacturing Index reported by Business NZ climbed …
The US dollar fell against its most-traded rivals (with the exception of the extremely weak Great Britain pound) after US inflation missed expectations. The Bureau of Labor Statistics reported that the Consumer Price Index rose 0.2% in April on a seasonally adjusted basis following the 0.1% …
The British pound today dropped significantly against the US dollar after the Bank of England left its monetary policy unchanged to the disappointment of many investors. The GBP/USD currency pair had initially rallied higher in the early European session despite the release of weak UK trade balance …