The Australian dollar rallied after China released a bunch of macroeconomic reports, though the currency struggled to keep gains and actually slipped below the opening level against the Japanese yen. China’s gross domestic…
The British pound rose to new highs today rallying against other currencies such as the US dollar for the second day in a row. The British pound gained against other major currencies such as the US…
The New Zealand dollar rose against its major peers today, including the euro, against witch the kiwi rallied for the fifth straight trading session. The reason for the rally was the better-than-expected inflation report.…
The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices. Unlike…
The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80…
The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US…
EUR/USD closed on Friday at 1.0964, down about 2% on a weekly basis from 1.1196 at beginning of the week. There has been a downside pressure all week and a strong ZEW Economic Sentiment Index…
The US dollar demonstrated an impressive rally during the past trading week. The currency continued to get support from the outlook for monetary tightening from the Federal Reserve and positive macroeconomic data. The Fed released…
The US dollar rallied today as economic data release from the United States over the trading session was good so far, improving chances for an interest rate hike from the Federal Reserve…
The Australian dollar jumped today as China released unexpectedly strong prices data, helping the currency of its trading partner. China’s Consumer Price Index rose 1.9% in September from a year ago…