The US dollar dropped against its most-traded peers today following the release of surprisingly underwhelming jobs data and signs of escalation of trade tensions between the United States and China. US nonfarm payrolls grew by just 103,000 jobs in March, far slower than the increase analysts …
The Swiss franc gained on its most-trade rivals, though not on the US dollar, today after the release of a good inflation print. The Federal Statistical Office reported that the Swiss Consumer Price Index rose 0.4% in March, the same as in February. Analysts had predicted a slower growth …
The euro today declined against the US dollar following the release of weak Markit services PMIs from across the Eurozone in the early European session. The release of weak US data early in the American session could not reverse the euro’s slide against the greenback. The EUR/USD currency pair …
The Australian dollar was rather weak today, falling against the US dollar and hovering near the opening level against such currencies like the euro and the Japanese yen. It was surprising considering positive macroeconomic releases from Australia and the generally good market sentiment. The Australian …
The Canadian dollar declined intraday during Wednesday’s trading session but has managed to erase its losses versus most major currencies and even logged gains against some of them. The main theme for the Wednesday’s session was escalation of trade tensions between China and the United …
The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor. The seasonally adjusted IHS Markit/CIPS UK Construction PMI slumped from …
The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data. The EUR/USD currency pair …
The Australian dollar was little changed today against some rivals, while falling versus the strong yen, amid mixed domestic macroeconomic data, poor data from China (Australia’s biggest trading partner), and escalating trade wars between China and the United States. Talking …
The Japanese yen rose today on signs that the trade war between the United States and China escalates. In response to the US tariffs on Chinese goods, China announced its plans to impose tariffs on about $50 billion of US imports. The new duties will be applied to 106 …
The Canadian dollar jumped against its rivals today on optimism about the NAFTA deal and as prices for crude oil, Canada’s main export commodity, rebounded after yesterday’s slump. Bloomberg reported that Trump administration is pushing for a preliminary deal for the North American Free Trade …