The Swiss franc fell below the historically important level of 1.20 versus the euro as the risk appetite drove investors away from safe currencies. Still, Swiss National Bank Chairman Thomas Jordan saw no reason to abandon the extremely loose monetary policy. The franc traded …
The Japanese yen fell against the US dollar today as nation’s inflation slowed last month. The currency also dropped against other rivals but has trimmed its gains by now, and against the euro it actually moved above the opening level. The Statistics Bureau reported …
The New Zealand dollar attempted to rally today, but failed and followed its Australian counterpart in decline. The currency dropped even as the inflation print came out better than expected. The Consumer Price Index rose 0.5% in the March quarter according to the data from Statistics New …
The Australian dollar dropped following the release of a disappointing employment report. While the currency attempted to bounce afterwards, it failed and continued to move down, erasing the intraday gains. Australian employment grew by 4,900 jobs in March, far less than analysts had predicted 20,300. Furthermore, …
The British pound today declined against the US dollar following the release of disappointing UK retail sales data in the early European session. However, the pound recovered almost immediately and went on to hit a daily high in the mid-European session, before declining from the early American session. The GBP/USD …
The euro today rallied against the US dollar during the European session after the release of the final Eurozone CPI data. The euro was on a downtrend against the greenback during the Asian session following the risk-on sentiment in the global markets, which later resumed in the early American session. The EUR/USD …
The British pound today dropped significantly against the US dollar following the release of disappointing UK Consumer Price Index data in the early European session. The pound’s decline started during yesterday session after the release of weak UK wages report and upbeat US housing report, …
The Australian dollar remained rather vulnerable today, falling against its most-traded rivals, though it remained slightly above the opening level versus the soft Japanese yen. The WestpacâMelbourne Institute Leading Index declined 0.22% in March from the previous month after rising 0.43% …
The Japanese yen fell against the US dollar during the current trading session. While the currency had also been down versus other rivals intraday, currently the yen reversed its decline, erasing losses outright against some peers. Looking at today’s economic data, …
The Australian dollar was somewhat soft on Tuesday after the release of policy minutes by the Reserve Bank of Australia. Macroeconomic data from China, Australia’s biggest trading partner, did not help the currency, being rather mixed. The RBA released minutes of its April meeting today. …