The US dollar was very strong during the past trading week, for the most part thanks to surging US Treasury yields. Rising yields for US Treasuries boosted the dollar at the start of the week. The currency remained relatively strong even as yields retreated by the end of the week, though it …
The Great Britain pound took a beating today as the vast majority of macroeconomic reports released over the Friday’s trading session were very disappointing. Markets primarily focused on the slowing economic growth, though other indicators were not impressive either. Britain’s gross domestic product …
The EUR/USD currency pair today fell to new multi-month lows after the release of disappointing French GDP data among other macro releases from the euro block. The pair’s decline was further accelerated by the release of upbeat Q1 GDP data from the USA. The EUR/USD currency …
The Japanese yen was little changed against the US dollar but gained on other major rivals today. That was a surprising performance as fundamentals did not look supportive to the currency. The Bank of Japan left interest rates and the size of Japanese government bonds purchases unchanged …
The New Zealand dollar was little change against some currencies and gained against others today even though the nation’s trade balance demonstrated an unexpected deficit last month. Statistics New Zealand reported that the trade balance turned from a surplus of NZ$172 million …
The EUR/USD currency pair today rallied briefly after a speech by the European Central Bank President Mario Draghi following the bank’s interest rate decision. The currency pair’s decline was triggered by the resurgence of the US dollar following reports that top US government officials were …
Macroeconomic data released in Australia today was much better than expected, but that had little impact on the Australian dollar. The currency was mixed intraday and is trading virtually flat as of now. The Australian Bureau of Statistics reported that import prices rose 2.1% …
The Swedish krona fell today, touching the lowest level since June against the US dollar, as the nation’s central bank postponed the planned date of an interest rate hike from the third quarter of this year to the fourth quarter. The Riksbank left its main interest rate at -0.5% …
EUR/USD declined today ahead of tomorrow’s European Central Bank meeting. The US dollar also rallied against other most-traded currencies, supported by rising US Treasury yields. Wednesday was light on macroeconomic reports, therefore traders turned their attention to other fundamental factors. …
The Indonesian rupiah fell today, prompting speculations that the nation’s central bank will intervene to defend the currency. The rupiah was under pressure from rising US Treasury yields and strengthening US dollar, which were sapping appeal from assets of emerging markets. The central …