The New Zealand rose against its US peer today. While domestic macroeconomic data was good, it had little impact on the New Zealand currency, and the likely reason for its rally versus the greenback was the weakness of the US currency itself. The overseas merchandise trade …
The Australian dollar extended decline today for the third consecutive session versus its US counterpart and for the fourth session against the euro and the Japanese yen. Economic data released in Australia on Thursday was mixed, while China’s manufacturing report was neutral. The Australian Industry Group Australian …
The euro today traded lower against the US dollar after the release of mixed Markit PMI data from across the euro area in the early European session. The euro also headed lower shortly after the release of US personal consumption expenditure report in the early American session. …
The EUR/USD currency pair today traded lower following the release of the German GfK consumer confidence survey retracing all the gains made in the Asian session. The currency pair posted more losses after the release of the US Q4 GDP data in the early American session and was on track …
The New Zealand dollar declined today. The currency fell even as the business confidence improved, though remained in the negative territory. The ANZ business confidence index rose from -37.8 in January to -19.0 in February. That means that a net 19% of businesses are pessimistic about the year …
The British pound today dropped to new lows against the US dollar after the European Union released a tough draft Brexit withdrawal agreement. The UK Prime Minister rejected the deal saying that no UK leader would ever sign such a one-sided deal with …
The euro today dropped to new lows against the US dollar after the release of weak German preliminary CPI data in the mid-European session. Several disappointing releases from the US docket in the early American session could not reverse the euro’s decline against the greenback. The EUR/USD currency …
The Hungarian forint fell today after Hungary’s central bank left all of its interest rates unchanged and promised to keep monetary policy accommodative for a long period of time. The Magyar Nemzeti Bank left its main interest rate at 0.9%, keeping other rates unchanged …
The New Zealand dollar fell today following the release of New Zealand’s trade data overnight even though the report was better than forecasts. The New Zealand trade balance showed a deficit of NZ$566 million in January after logging a surplus of NZ$596 million in December. The actual …
The Bank of England retreated today following the rebound of the US dollar. Earlier, the sterling rallied against some of its rivals thanks to comments from various UK policy makers and politicians. One of the comments was the signal from Bank of England Deputy Governor Dave Ramsden that …