The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices. Foreign investment in Canadian securities fell from C$5.6 billion in January to C$4.0 billion in February instead …
The euro fell against most its major rivals (though not against the weak Great Britain pound) on Tuesday as the ZEW Economic Sentiment for Germany was rather disappointing. The ZEW Indicator of Economic Sentiment for Germany dropped sharply from 5.1 in March to -8.2 in April. While …
The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar …
The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback. The EUR/USD currency …
The US dollar ended the week rather soft, gaining on safe currencies, but falling against other peers, commodity currencies in particular. Risk aversion abated on markets as the trade war between the United States and China was not escalating. In fact, China increased imports from …
The EUR/USD currency pair today dropped significantly despite the release of positive Eurozone trade balance data in the early European session. The currency pair reversed its decline after the release of US consumer sentiment data in the early American session, but could not rally back …
New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now. The BusinessNZ Performance of Manufacturing Index fell …
The Australian dollar rallied today after the release of China’s trade data. The currency gained even as the nation’s central bank signaled that it is not going to raise interest rates in the near future. China’s trade balance showed a deficit of $4.98 billion in March, which …
The euro today dropped significantly against the US dollar after the European Central Bank released the minutes of its latest monetary policy meeting. The single currency’s decline started in the Asian session due to the imminent risk of an escalation in Syria involving the USA and Russia. The EUR/USD currency pair …
The Japanese yen dropped against its major rivals today despite optimistic comments from Bank of Japan Governor Haruhiko Kuroda. The likely reason for that was the improving market sentiment. Kuroda showed optimism about inflation in today’s speech, saying: With the output gap …