The Australian dollar traded broadly lower today despite a report that showed that the business conditions index reached the record high level last month. National Australia Bank reported that the business conditions index increased from +15 to +21 in April, reaching the highest …
Category: News
US Dollar Retains Strength After Disappointing Nonfarm Payrolls
Euro Declines on Weak Eurozone PMI Releases Amid Poor NFP Data
The euro today was on a downtrend against the US dollar following the release of weak PMI data from across the Eurozone by IHS Markit. The euro’s downtrend was further accelerated by the release of disappointing Eurozone retail sales data for March in the early European session. The EUR/USD currency pair …
Aussie Rallies on RBA Statement & China’s Data, Unable to Keep Gains
The Australian dollar rallied intraday, lifted by the optimistic outlook for the nation’s economy and positive macroeconomic data from China. Yet the currency was unable to preserve gains, falling to the opening level against some rivals and below it against others by now. The Reserve Bank of Australia released …
Canadian Dollar Mixed amid Clashing Fundamentals
US Dollar Stays Volatile as Traders Speculate About Fed Policy
Sterling Pound Falls on Weak UK Services PMI Data
The Sterling pound today declined slightly against the US dollar following the release of the weak Markit/CIPS UK Services PMI data in the early European session. The pound was minimally affected in the early American session after several releases from the US docket such as the positive jobless …
Euro Posts Slight Decline on Disappointing Eurozone CPI Data
The euro today registered a slight decline against the US dollar following the release of the Eurozone Consumer Price Index data in the early European session. The EUR/USD currency pair began today’s session in positive territory and had rallied to highs above 1.2000 before trimming some of its …
Australian Dollar Benefits from Positive Macroeconomic Data
The Australian dollar gained on its major rivals today thanks to a bunch of positive macroeconomic reports released over the current trading session. The session kicked off with no-so-good data as the seasonally adjusted Australian Industry Group Australian Performance of Services Index fell to 55.2 in April …