The US dollar gained against other most-traded currencies today as market participants were preparing for tomorrow’s policy announcement from the Federal Reserve. The Fed will conclude its two-day meeting and announce the policy decision at 18:00 GMT tomorrow. It will be followed by a press …
The euro today booked significant losses against the US dollar following the release of German ZEW survey data for March. The ZEW data triggered a decline that extended from the early European session into the American session as the US dollar gained ground against the single currency. …
The British pound today declined against the US dollar following the release of the UK Consumer Price Index data for February. The pound gave up all of its earlier gains accumulated during the late Asian session and early European session before the release of the UK inflation data. …
The Swiss franc slipped versus the US dollar today despite supportive fundamentals. Against other currencies, the Swissie was mixed. Switzerland’s trade balance surplus widened from CHF 1.1 billion in January to CHF 3.2 billion in February, above the consensus forecast. The economic forecast …
The Australian dollar dropped intraday during the current trading session but has started a rebound at 10:45 GMT and managed to erase its losses against most of its rivals by now, with the notable exception of the US dollar. The minutes of the March policy meeting released by the Reserve Bank …
The Great Britain pound jumped today against its most-traded peers on news that the United Kingdom and the European Union have reached a transition deal that would keep trade between the UK and the EU. Analysts were bullish on the sterling at the start of the current trading session, hoping …
The Japanese yen gained during the Asian trading session but has lost its gains by the start of the European session and is trading below the opening level now. The Bank of Japan released the Summary of Opinions at its March policy meeting, revealing that policy makers wanted …
The Canadian dollar slumped this week due to risk aversion caused by concerns about potential trade wars between the United States and other countries, China in particular. The vast majority of traders perceive US protectionism as detrimental to the global economy. Considering that China seems to be …
The USD/CAD currency pair today rallied slightly higher as the Canadian dollar weakened against its US counterpart following mixed US macro releases. The loonie was largely weaker against the greenback despite slightly positive crude oil prices, which usually boost the currency. …
The EUR/USD currency pair declined significantly after the release of weak US housing data. The currency pair ignored the disappointing US housing report as investor sentiment towards the pair shifted in favor of the greenback leading to the pair’s decline. The EUR/USD currency pair lost over 50 points …