The Japanese yen gained on its most-traded rivals today. The rally followed the retail sales report, though it did not start immediately after the release of the data. Japan’s Ministry of Economy, Trade and Industry reported that retail sales increased 1.6% in February from a year …
The New Zealand dollar fell today despite positive domestic macroeconomic data released during the current trading session. Stats NZ reported that the number of building consents rose 5.7% in February from a year ago on a seasonally adjusted basis. The number of consents for new townhouses, …
The EUR/USD currency pair today declined to new lows after an upward revision of the US Q4 GDP data by the Bureau of Economic Analysis. The pair’s decline started in the late Asian session as the greenback gained ground against the euro despite the positive German GfK consumer confidence print …
The New Zealand dollar was mixed today after the release of the consumer confidence report. The ANZ Business Confidence slipped from -19.0 in February to -20.0 in March. The report was not entirely negative, though, saying: Belying the headline measures somewhat, all key activity …
The euro today declined significantly against the US dollar following dovish comments from a member of the European Central Bank‘s Governing Council. The euro’s decline was further accelerated by the greenback’s recovery following a significant decline in Monday’s trading session. The EUR/USD currency pair had lost …
The Japanese yen fell against its rivals intraday as the market sentiment was improving. While the currency retained its losses versus the US dollar, the yen has managed to erase the drop against most other peers by now. As for Japan’s macroeconomic data, it was somewhat …
The Great Britain pound rallied today on the outlook for an interest rate hike from the Bank of England in May. Negative domestic macroeconomic data did not hurt the currency much. Traders were counting on a May hike as Britain’s economy was working on all cylinders, as was proven …
The New Zealand dollar rallied today as fears about trade wars eased as the United States and China started negotiating about a trade agreement. New Zealand macroeconomic data released overnight turned out to be better than expected, adding to the upward momentum of the currency. The New …
The US dollar fell this week due to the fears of trade wars and disappointment after the monetary policy announcement by the Federal Reserve. The United States decided to start a trade war with China, and that was the major theme of the week, which was weighing on the dollar. The Fed raised …
The Japanese yen gained at the start of Friday’s trading session and was trading sideways since then. The currency largely ignored positive domestic macroeconomic data, and the likely reason for the previous rally was investors’ desire for a safe haven. Japan’s core Consumer Price Index rose 1.0% …