The Australian dollar was rather volatile today. The currency rallied after somewhat mixed domestic macroeconomic data, fell following the release of a services sector report from China, but has recovered by now. The Australian Industry Group Australian Performance of Services Index, released overnight, …
The euro fell against the US dollar intraday but has managed to recover by now. Against other majors the shared 19-nation currency was mixed, rising against the safe currencies, like the Japanese yen, but falling versus the Great Britain pound. The major driver for the currency …
The past trading week was marked by risk aversion caused by prospects for trade wars between the United States and its trading partners. While it weighed on the US dollar, the greenback’s performance was not that bad considering the circumstances as the US currency ended the week the third …
The Canadian dollar was weak across the board today, reaching the lowest level in more than a year against many of its most-traded peers. There were several possible reasons for that, most important of them were prospects for trade wars and slowing economic growth in Canada. …
The euro was trading mostly higher today (though not against the extremely strong Japanese yen) even as domestic macroeconomic data was mixed and the general sentiment on the Forex market was in favor of safer currencies. German retail sales fell 0.7% in January from the previous …
The Japanese yen rallied against its most-traded rivals today, touching the highest level since November 2016 versus the US dollar, thanks to the outlook for monetary policy normalization, positive macroeconomic data, and the general risk averse sentiment on the Forex market. Bank of Japan Governor Haruhiko …
The British pound today traded sideways against the US dollar after the release of the Markit/CIPS UK Construction PMI in the early European session. The pound rallied slightly higher in the mid-European session in risk-off environment as markets reacted to President Trump’s announcement that the US would institute steep …
The New Zealand dollar attempted to rally today, but the attempt has failed, and the currency is trading below the opening level as of now. New Zealand building consents rose 0.2% in January after tanking by 9.5% in the previous month. The kiwi paid little attention to the report. Rather, …
The US dollar was moving up during the Thursday trading session but has lost its gains against basically all of its most-traded peers. There were two likely reasons for that: the announcement of US import tariffs and disappointment in the second testimony of the new Federal …
The Swiss franc was falling today following the release of domestic macroeconomic data. The currency managed to reverse losses later thanks to risk aversion caused by announcement of import tariffs by the United States. The Swissie could not overcome the euro and the Japanese yen, though. Swiss gross domestic …