The Japanese yen fell during the Thursday trading session but has managed to trim its losses against some rivals and erase them outright versus other by now. The Bank of Japan released the Summary of Opinions at the Monetary Policy Meeting in April. It showed that the central …
The Malaysian ringgit fell against the US dollar today after the surprise outcome of the country’s general election. In the surprise outcome, Mahathir Mohamad won the Prime Minister seat from the incumbent Prime Minister Najib Razak as the opposition Pakatan Harapan coalition came as a victor in the election. It …
The New Zealand dollar slumped against its major rivals today, falling to the lowest level since December versus its US counterpart, after the Reserve Bank of New Zealand kept interest rates unchanged and expressed dovishness in its statement. The RBNZ left the main interest …
The EUR/USD currency pair today rallied from a new 2018 low set in the late Asian session based on improved investor sentiment towards the single currency. The currency pair’s rebound from its lowest levels since December 22 could have been triggered by technically …
The Japanese yen was weak across the board today. Analysts provided various possible reasons for the currency’s extremely poor performance. Some market analysts argued that the yen was soft because of the crude oil rally following the announcement that the United States are pulling …
The euro today fell to new lows against the US dollar following Federal Research Chairmam, Jerome Powell‘s speech in Zurich during the early European session. The euro’s downtrend extended into the American session as demand for the US dollar increased driven by buying pressure from American …
The Australian dollar slumped against all major currencies today, falling to the lowest level since June 2017 against the US dollar, after nation’s retail sales unexpectedly halted growth in March. Rising import of China, Australia’s biggest trading partner, did little to support …
The Canadian dollar traded mixed-to-lower today. With lack of any macroeconomic releases during the Monday’s trading session, traders turned their attention towards future releases. The rally of crude oil prices had limited impact on the currency. Prices for crude oil jumped more than …
The US dollar was mixed today, rising against some rivals, falling against others, or staying flat versus some. The currency remained broadly supported by the outlook for higher interest rates from the Federal Reserve. The Dollar Index rose 0.16% to 92.716 today. Earlier today, …
The euro was on a downtrend today from the mid-Asian session to the mid-European session as the markets digested the mixed US non-farm payroll report from Friday. The euro’s decline was further accelerated by weak releases from across the Eurozone such as the disappointing German factory orders for March. The EUR/USD …