The Mexican peso dropped against the US dollar on Monday to begin the week on a negative note. The peso weakened following a data release that revealed weaker inflation than expected in the southern neighbor of the United…
The EUR/USD currency pair today traded sideways in a slow start to the week underpinned by an empty US docket due to the celebration of Columbus Day in the USA. Several releases from the European docket such as the German…
The Australian dollar traded a bit lower today following the release of disappointing macroeconomic data for China. The Caixin China General Services PMI slumped from 52.7 to 50.6 in September. Experts were completely…
The Turkish lira slumped against the US dollar as relationships between the United States and Turkey deteriorated after the arrest of a US consulate worker. Relationships between the two countries strained after last week…
The US dollar ended the week as the strongest major currency as market participants considered an interest rate hike from the Federal Reserve in December almost guaranteed. Nonfarm payrolls provided a nasty surprise, showing…
The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted…
The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward…
The US dollar rallied against a basket of major currencies today as positive economic data released in the United States over the trading session reinforced the case for an interest rate hike from the Federal Reserve.…
The euro sunk to new lows against the US dollar today after the European Central Bank published the minutes of its September monetary policy meeting. Several releases from the US docket, such…
The Swiss franc was not particularly strong today and actually fell against other safe-haven currencies even though the report released during the trading session showed that inflation accelerated in Switzerland…