The Japanese yen fell against its most-traded rivals today even as the Bank of Japan was discussing internally an exit from unprecedented monetary stimulus. Some currencies, though, have trimmed their gains against the yen by now. Governor Haruhiko Kuroda said that BoJ …
The euro today declined against the US dollar following the release of mixed manufacturing PMI data from across the euro area. The euro’s decline was further accelerated by renewed demand for the US dollar fueled by the risk-on investor sentiment. The EUR/USD currency pair lost over 80 …
The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now. The IHS Markit/CIPS UK Manufacturing PMI registered a reading of 55.1 in March, little changed from 55.0 in February. Analysts had predicted a lower …
The Australian dollar gained on its most-traded peers today even as the nation’s central bank remained passive and macroeconomic reports released over the trading session were rather unimpressive for the most part. The Reserve Bank of Australia left its main interest rate unchanged at 1.5%, as was …
After rallying earlier today, the Canadian dollar fell against its most-traded peers, following the slump of crude oil prices. Prices for crude slumped more than 2% today. There were various reasons for that, including trade war fears and an increase of oil production …
The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales …
The Australian dollar fell today after negative macroeconomic data from China and signs that the United States and China are close to starting a full-blown trade war. The Caixin China General Manufacturing PMI dropped from 51.6 in February to 51.0 in March. The drop was totally …
The Japanese yen was flat versus the US dollar and lower against other major currencies today after the release of disappointing macroeconomic reports in Japan. The Bank of Japan Tankan manufacturing index dropped from 26 in the December quarter to 24 in the March quarter. The non-manufacturing index declined …
The EUR/USD currency pair today traded sideways in a tight range following the release of positive German employment change data in the early European session. The release of the weak German Consumer Price Index data in the mid-European session also had a subdued impact on the single currency. The EUR/USD currency …
The British pound today declined against the US dollar after the release of the UK Q4 GDP data and the country’s current account data, which were published in the early European session. The current account deficit boosted the pair slightly by coming in lower than expected, while the GDP …