The US dollar declined against the euro on Thursday as investors anticipated the announcement of the new Federal Reserve Chair. The greenback failed to climb despite positive data releases today, which showed strong nonfarm…
Posts published in November 2017
Czech Koruna Trades Higher Following Interest Rate Hike
November 2, 2017
The Czech koruna edged up against the US dollar during the current trading session after the nation’s central bank hiked its interest rates. The Czech National Bank increased its benchmark…
Pound Crashes After Dovish Hike by BoE
November 2, 2017
The Bank of England hiked its main interest rate for the first time in a decade as was widely expected, but markets considered the hike to be a dovish one. The Great Britain pound crashed as a result,…
Swiss Franc Shrugs Off Poor Domestic Data
November 2, 2017
Economic data released in Switzerland today was rather poor, but that did not prevent the Swiss franc from rising against its most-traded peers during the current trading session.…
Positive Domestic Macroeconomic Data Lifts Australian Dollar
November 2, 2017
The Australian dollar rose during the Thursday’s trading session, lifted by positive domestic macroeconomic data. Australia’s trade balance widened from $0.87 billion in August to $1.75 billion in September, exceeding the median…
The US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing…
British Pound Erases Early Gains Despite Highest Manufacturing Activity in Two Months
November 1, 2017
The British pound erased earlier gains against the US dollar and other major peers on Wednesday, despite the best reading for manufacturing activity since September. A separate report on housing prices in the United Kingdom…
Canadian Dollar Gains Against US Dollar on Strong Oil Prices
November 1, 2017
The Canadian dollar was largely stronger against the US dollar for most of today’s session boosted by a rally in global oil prices as tracked by the West Texas Intermediate. The release of the US ADP employment change…
Australian Dollar Gains, Getting Boost from China Manufacturing PMI
November 1, 2017
The Australian dollar rose against its major rivals today. Perhaps, decent economic data from Australia’s biggest trading partner, China, helped the currency as domestic reports were far from…
Amazing Jobs Data Allows NZ Dollar Overcome Negative Fundamentals
November 1, 2017
The New Zealand dollar rallied against its most-traded peers today thanks to amazing jobs data. It allowed the currency to overcome negative fundamentals, which could have weighed on the kiwi otherwise.…