The Australian dollar fell against its US counterpart slightly but gained on other most-traded peers today even though domestic macroeconomic data was not particularly helpful to the currency. The Melbourne Institute inflation expectations fell by 0.1 percentage point to 3.6% in April. The number …
The US dollar was mixed following today’s release of policy minutes by the Federal Open Market Committee. The currency fell against some rivals, while gained on others (primarily the riskier ones linked to the commodity market). Markets considered the minutes of the March policy meeting, during which …
The euro today rallied slightly higher against the US dollar following the ECB President, Mario Draghi‘s speech at an event in Frankfurt. The euro kept rising after the release of the US Consumer Price Index data despite the core inflation print being in line with expectations. The EUR/USD …
The Australian dollar fell against other major currencies today due to poor macroeconomic data in Australia as well as its biggest trading partner — China. The Westpac-Melbourne Institute Consumer Sentiment Index for Australia fell 0.6% in April after rising 0.2% in March. China’s Consumer Price …
The Japanese yen rallied against its most-traded rivals today despite mixed domestic macroeconomic data and the positive general market sentiment. The Producer Price Index rose 2.1% in March from the same month a year ago, matching expectations. Core machinery orders made by the private …
The British pound today dropped slightly against the US dollar following a deluge of mixed releases from the UK docket including the crucial manufacturing production data. The GBP/USD’s decline was further accelerated by profit taking as most traders closed their trades following the currency pair’s …
The Canadian dollar today rallied against its US counterpart despite the release of weak Canadian building permits data by Statistics Canada driving the USD/CAD currency pair to 6-week lows. The release of positive US Producer Price Index data could not reverse the currency pair’s …
The US dollar ended the week mixed, rising against such majors like the euro and the Japanese yen, but falling versus such currencies like the Great Britain pound and the Canadian dollar. While nonfarm payrolls was the main economic release during the past week, traders …
The Canadian dollar fell on Friday despite better-than-expected employment data. Other economic reports were not that good, though, and there were other fundamental factors that might have caused the decline. Canada’s employment grew by 32,300 jobs in March, beating the consensus forecast …
The euro today rallied against the US dollar following the release of disappointing US non-farm payrolls report for March. Earlier Markit Economics PMI releases covering the European docket had triggered the euro’s initial uptrend following a major decline during the Asian session. The EUR/USD currency …