The US dollar traded within a tight range against the euro on Tuesday despite a strong reading for consumer confidence in the United States. The greenback struggled to move higher today as mixed data in the eurozone gave…
Posts published in October 2017
Canadian Dollar Declines Against US Dollar on Weak GDP Data
October 31, 2017
The Canadian dollar today declined against its US counterpart after the release of Canada’s GDP data for August causing the USD/CAD currency pair to hit new highs. Other releases from the US…
EUR/USD Pair Trades Sideways on Conflicting Eurozone Data
October 31, 2017
The EUR/USD currency pair today traded sideways even as markets reacted to conflicting reports from the Eurozone regarding GDP growth and inflation levels. The release of the Eurozone GDP growth data for the third quarter…
The Japanese yen weakened against other major currencies on Tuesday as the Bank of Japan kept its interest rates unchanged and maintained its position on stimulus easing. The nationâs central bank also updated…
Russian Ruble Falls Along with Crude Oil
October 31, 2017
The Russian ruble fell today, following the drop of crude oil — Russia’s main export. December contract for Brent crude, a global benchmark for oil prices, fell by 0.39% to $60.66 per barrel on the Intercontinental…
NZ Dollar Falls After Economic Data from New Zealand & China
October 31, 2017
The New Zealand dollar fell today due to negative macroeconomic data released during the current trading session in New Zealand and the country’s major trading partner, China. The official China manufacturing Purchasing…
Euro Rises vs. Dollar, Vulnerable vs. Other Majors
October 30, 2017
The euro rose against the weak US dollar, but traded flat-to-lower versus most other major currencies on Monday. Among factors influencing the currency were new developments in the Catalan situation and disappointing…
US Retreats amid Political Troubles, Fed Chair Uncertainty
October 30, 2017
The US dollar retreated today following the last week’s rally. Political issues in the United States overshadowed Monday’s positive macroeconomic data, sending the US currency down. Just when it looked…
Euro Ends Week Among Losers After ECB, Political Upheaval
October 28, 2017
The euro ended the week among the weakest currencies due to the dovish stance of the European Central Bank and the political crisis in Spain. The ECB reduced the size of its monthly asset purchases but extended the duration…
EUR/USD Hits New Lows After the Release of US GDP Report
October 27, 2017
The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive…