The Australian dollar declined against its US counterpart on Thursday after a fresh report that showed that Australian retail sales fell behind expectations for the second month in a row. The Australian dollar…
Posts published in October 2017
The Great Britain pound fell today after yesterday’s disastrous speech of Prime Minister Theresa May led to speculations that she may face rebellion in her Conservative party. The annual Conservative…
Euro Declines Against US Dollar on Positive US Data
The euro today declined significantly against the US dollar after a raft of positive releases from the US docket starting with the ADP employment change data in the mid-European session. The EUR/USD currency pair…
British Pound Rallies Against US Dollar on Strong PMI Data
The British pound today rallied higher against the US dollar after the release of positive Markit/CIPS UK Services PMI data. The stalled recovery in the US dollar also contributed to the pound’s rally against…
Canadian Dollar Flat as Traders Wait for Economic Data
The Canadian dollar was flat against its major rivals (though it gained on the Japanese yen) today ahead of important reports due to release at the end of this week. The drop of crude oil…
EUR/USD Gains Ahead of Data-Heavy Week
The euro gained against the US dollar during the Tuesday’s quiet session ahead of the rest of the week, which will be very heavy on economic data from the United States. The shared 19-nation currency…
Pound Drops After Britain’s Construction Contracts Unexpectedly
The Great Britain pound dropped today after Britain’s construction sector unexpectedly contracted last month, causing worries about the state of the country’s economy and speculations that the Bank of England may refrain…
Australian Dollar Slips after RBA & Building Approvals
The Australian dollar fell today after the Reserve Bank of Australia stood pat, leaving monetary policy without change, and building approvals rose less than was expected. The RBA kept its…
The Australian dollar was stable against some of its rivals and rose versus the major European currencies today, getting some boost from positive macroeconomic reports released in Australia’s main trading…
US Dollar Rises as Manufacturing Data Exceeds Expectations
The US dollar rose against other major currencies on Monday following the release of manufacturing activity data that exceeded analyst estimates. Expectations of higher interest rates in the short term led an index…