The USD/CAD currency pair today rallied from fresh weekly lows to new daily highs in the early American session following the release of the latest Canadian jobs data. The pair’s rally was further boosted by the release of the upbeat US non-farm payrolls report, which triggered a massive …
The Japanese yen is strengthening against its US counterpart on Thursday after new data found that domestic industrial output is at a four-month high and exports have returned to normal growth. The yenâs gains were likely capped on slower retail sales growth. According …
The British pound today rallied to new highs against the US dollar following Brexit rumors that the British PM Theresa May had signed a deal with the EU on the financial services sector. The pound was further boosted by the Bank of England‘s monetary policy decision, which …
The US dollar is weakening against some of its counterparts midweek, despite several bullish indicators to suggest the economy is still strong. The labor market remains healthy, wages are climbing, and business confidence continues to jump. The greenback might be taking a breather after …
The Canadian dollar gained today despite better-than-expected growth of Canada’s economy. The possible reasons for the weakness were: the strength of the US dollar, the decline of crude oil prices, and other macroeconomic indicators, some of which were not that good. Statistics Canada reported that gross domestic …
The euro today fell to new lows last seen in mid-August against the US dollar as the political uncertainty in key eurozone countries such as Germany and Italy weighed on the single currency. The release of mixed macro data from the euro area combined with the strong employment data from …
The Japanese yen was mixed today, falling against some of its major rivals but rising against others. The Bank of Japan concluded its two-day policy meeting today and released its economic projections. The Bank of Japan left its monetary policy unchanged, surprising …
The New Zealand dollar attempted to rally earlier today but failed and moved below the opening level. The slight improvement of the business confidence was not enough to support the currency. The ANZ Business Confidence Index rose to -37.1 in October from -38.3 in September. The retail sector demonstrated …
The Australian dollar dipped intraday following the economic releases in Australia and China. While Australia’s indicators were within expectations, China’s reports were disappointing. The currency has rebounded by now, trading near the opening level. The Australian Bureau of Statistics reported that both the headline Consumer …
The Chinese yuan is weakening on Tuesday after economists slashed their gross domestic product (GDP) estimates amid the escalating trade war with the US. The yuanâs declines were capped on stimulus measures employed by Beijing to spur growth and limit the trade warâs effects on the economy. …