The Japanese yen has started a decline at the end of the previous trading session and continued to move lower during today’s session. Japan’s macroeconomic data was somewhat disappointing, meaning that it could not stop the currency’s fall. The Indices of All Industry Activity rose 0.4% …
The EUR/USD currency pair today rallied higher despite the release of the disappointing German IFO business climate index early in the European session. The pair maintained its uptrend into the early North Americans session despite the release of positive US macro data. The EUR/USD currency pair …
The British pound today rallied slightly against the US dollar following the release of upbeat UK public sector finances report early in the European session. The GBP/USD currency pair was on track to reverse the massive decline that occurred during the last 5 trading sessions where …
The New Zealand dollar was the weakest major currency today, falling for the sixth straight trading session versus the US dollar and for eighth versus the euro and the extremely weak Japanese yen (which was the second weakest). There was no apparent reason for such a sell-off. Some …
The Australian dollar fell intraday during the current trading session but bounced after the release of inflation reports even though the data was not particularly supportive. The Australian Bureau of Statistics reported that the Consumer Price Index rose 0.4% in the March quarter of 2018 from …
The euro today declined against the US dollar despite the release of mostly positive PMI data by Markit Economics from across the Eurozone. The single currency’s decline was largely fueled by the resurgent demand for the greenback as trade tensions between China and the USA calmed down. The EUR/USD currency …
The Japanese yen fell against the US dollar today despite a positive report about Japan’s manufacturing released by Markit during the trading session. The yen was also soft against other currencies, though managed to regain ground versus the euro. The Nikkei Flash Japan Manufacturing …
The Indonesian rupiah fell along with most other Asian currencies against the US dollar today amid bets on an interest rate hike from the Federal Reserve in the near future. Prospects for an interest rate hike drove the dollar up, weakening other currencies in the meantime. Currently, …
The US dollar gained on all its most-traded rivals last week, and traders wait to see if the currency will be able to continue its bullish run in the coming week. Analysts expected that the greenback will be mainly driven by macroeconomic fundamentals, though politics …
The Great Britain pound fell during the past trading week on poor macroeconomic data and concerns that the Bank of England will postpone the planned interest rate hike. The Canadian dollar had the similar issues. Weak inflation and disappointing retail sales led to concerns that the BoE …