The New Zealand dollar rose today despite the report that showed slower growth of New Zealand’s manufacturing sector. The seasonally adjusted BusinessNZ Performance of Manufacturing Index slipped from 57.9 to 57.5…
Posts published in October 2017
Australian Dollar Gains as China’s Trade Balance Surplus Shrinks
The Australian dollar rose today even though the trade balance report in China, Australia’s trading partner, did not look good at first glance. But in fact, the data painted a picture of a strong…
Pound Jumps on Rumors About Brexit Deal
The Great Britain pound jumped, erasing previous losses, today after the unconfirmed report that Britain may be offered by the European Union a two-year transition deal that will make it…
Euro Weak amid ECB Uncertainty
The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc,…
Canadian Dollar Declines Against US Dollar on Positive US Data
The Canadian dollar today declined against the US dollar following the release of upbeat US data and a rebound in the US dollar. The release of the Canadian housing price index in the early North American session also…
US Dollar Rises as Fresh Data Boosts Inflation Outlook
The US dollar climbed against other major currencies on Thursday as investors became more confident that the US inflation is picking up. The improved inflation outlook supported the Federal Reserveâs case…
GBP/USD Posts Massive Losses on Brexit Headlines
The GBP/USD currency pair today posted massive losses on renewed Brexit worries after comments from the EU’s chief negotiator, Michel Barnier. The possibility of a hard Brexit was further confirmed by comments…
Japanese Yen Gets Boost from Economic Data
The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world. Bank lending increased by 3.0% in September from a year ago,…
Australian Dollar Extends Rally Caused by FOMC Minutes
The Australian dollar started a rally yesterday after the release of the Federal Reserve policy minutes and extended it into the Thursday’s trading session, though the currency has backed off a bit as of as now. Positive…
USD/CAD Dips After FOMC Minutes Show Dovish Stance
The Canadian dollar rose against its US counterpart today as the greenback was driven down by unexpectedly dovish minutes of the Federal Open Market Committee. The loonie also gained versus most other…