The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable…
Posts published in October 2017
Japanese Yen Mixed During Thursday’s Trading
October 19, 2017
The Japanese yen rallied against such most-traded rivals as the US dollar and the Great Britain pound during the current trading session. At the same time, it was unable to gain on the European currencies like…
NZD/USD Tumbles Almost 2% as New Zealand Coalition Government Forms
October 19, 2017
The New Zealand dollar tumbled almost 2% against its US peer and more than 2% against such currencies as the euro and the Japanese yen. The reason was the slump was the news that…
The British pound fell against most of its peers for the second day in a row on Thursday, following the release of lower than expected retail sales data in the United Kingdom. The weak consumer demand continued…
EUR/USD Rallies as Spanish Government Tightens Grip on Catalonia
October 19, 2017
The EUR/USD currency pair rallied to new highs today despite the announcement by the Spanish government that it would invoke Article 155 suspending Catalonia’s autonomy. The currency pair rallied higher in the early…
AUD Gains on USD, Falls vs. Other Major Despite Supportive Data
October 19, 2017
The Australian dollar rallied against its US counterpart but fell against other most-traded rivals during the current trading session. That is despite the strong domestic employment data and decent…
Australian Dollar Mixed After Confusing Economic Data
October 18, 2017
The Australian dollar was mixed today following confusing macroeconomic data. The currency gained on such rivals as the Japanese yen and the Swiss franc, but fell versus the euro and was flat against the US…
Euro Recovers Against US Dollar on Weak Housing Data
October 18, 2017
The euro today recovered the ground it had lost against the US dollar during the early European session after the release of disappointing US housing data. The euro was largely weaker against…
Canadian Dollar Rallies on Back of Supportive Fundamentals
October 18, 2017
The Canadian dollar rallied today amid positive macroeconomic data, a rally of prices for crude oil, and hopes that the trade agreement with the United States can still be preserved. Canada’s manufacturing…
British Pound Declines Against Major Peers on Lackluster Labor Data
October 18, 2017
The British pound declined against most other major currencies on Wednesday as the latest labor market figures painted a mixed picture of unemployment and wage growth. Lower expectations of an interest rate hike followed…