The US dollar rose against its major rivals, with the exception of the Great Britain pound, on Friday. But fundamentally the currency remained very vulnerable. Major central banks around the world shifted…
Posts published in June 2017
The Canadian dollar rallied today, touching the highest level since September against its US counterpart, even while domestic macroeconomic data was not helpful to Canada’s currency. Canadian gross…
The EUR/USD currency pair today maintained the losses it accumulated during the early European session despite the release of positive US data in the North American session. The currency pair was under intense…
The British pound edged lower against the US dollar on Friday in the wake of consumer spending data that revealed that British consumers continued to suffer from weak spending power. Fresh readings…
The Japanese yen rallied against its most-traded rivals today even though macroeconomic data released in Japan during the trading session was not particularly good for the most part. The possible reason…
Australian Dollar Fails to Keep Gains
The Australian dollar rallied on the back of positive China’s macroeconomic data released today but was unable to follow through with the rally. The currency trimmed its gains versus the euro and the Swiss franc…
The US dollar extended a drop against the euro on Thursday, despite data that revealed the US economy was stronger than previously estimated in the first quarter of 2017. An index that tracks the strength…
Yen Trims Initial Losses on Thursday
The Japanese yen fell against its major peers during the Thursday’s trading session but managed to trim its losses by now and even erased them completely versus the US dollar. Bank…
CAD Touches Highest Since February vs. USD
The Canadian dollar gained against its US counterpart today, reaching the highest level since February. The currency trimmed its gains by now, though, and fell versus other most-traded peers. Stephen…
GBP/USD Maintains Gains Despite Positive US GDP Data
The GBP/USD currency pair today maintained the gains made during the early European session despite the release of positive US GDP data mid-European session. The currency pair had rallied to a new yearly…