The euro today dropped to new lows against the US dollar following a resurgent demand for the greenback ahead of the FOMC interest rate decision. The EUR/USD currency pair broke down from its initial sideways trading range in the early American session as the greenback rallied higher. The EUR/USD …
The New Zealand dollar rose against major currencies today following the release of a decent employment report. While the currency reacted wildly to the release, jumping initially and slumping back down almost immediately, the kiwi largely moving up afterwards. The Statistics New Zealand reported that …
The Australian dollar was rising today, getting boost from a decent macroeconomic report about China’s manufacturing sector. While the currency has retreated from its daily highs by now, it is still trading above the opening level. The Caixin China General Manufacturing …
The Canadian dollar rallied against its major peers, though failed to gain on the US dollar, after the Canadian economy rebounded stronger than expected from the previous decline. Canada’s gross domestic product recovered in February, rising 0.4%, following the slight 0.1% decrease in January. …
The US dollar continued to demonstrate strength today, gaining for nine times in 11 days against the euro. Trading was thinner than usual during the current trading session as markets in many countries were closed for the May Labor Day. Macroeconomic data released in the United States …
The Australian dollar attempted to rally intraday but halted its advance after the Reserve Bank of Australia announced its monetary policy decision. The RBA kept its main interest rate at 1.5%, as was widely expected. The central bank predicted that the Australian economic growth …
The Sterling pound today declined significantly against the US dollar following the release of the Markit/CIPS UK Manufacturing PMI in the early European session. The pound’s decline was further accelerated by the US dollar’s recovery as it extended its gains at the start of the new month. The GBP/USD currency pair …
The US dollar was very strong on Monday as traders continued to bet on another interest rate hike from the Federal Reserve in the near future. Macroeconomic data released over Monday in the United States was disappointing for the most part, but that did not deter the greenback …
The euro was weak today following macroeconomic releases during the Monday’s trading session. Not all of the reports were bad, but markets paid more attention to the negative part of the data. The Italian Consumer Price Index rose 0.1% in April on a monthly basis, missing the average …
The Australian dollar was falling since the beginning of today’s trading session and accelerated its decline after the release of mixed macroeconomic data from Australia and Australia’s biggest trading partner — China. The China Federation of Logistics and Purchasing released its Purchasing Managers’ Indices for April today. …