The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods…
The GBP/USD currency pair today rallied higher after news emerged that Theresa May had struck a deal with the DUP to form a minority government. The British pound rallied higher against…
The market sentiment was positive to risky currencies today, driving the Swiss franc down against its most-traded counterparts. Global stocks around the world rallied during the Monday’s trading session, indicating…
The Japanese yen fell today against its major peers after the Bank of Japan released the Summary of Opinions expressed during the June policy meeting. The optimistic market sentiment was also unfavorable…
The outlook for monetary policies of central banks around the world were one of the main driving factors for the Forex market this week. But while the outlook for Bank of England monetary policy became more…
The Great Britain pound rose today as hawkish comments from policy makers led to speculations about interest rate hikes from the Bank of England in the foreseeable future. Kristin Forbes, voting BoE…
The US dollar tumbled against major rivals on Friday following the release of lackluster manufacturing activity data and weak new home sales. Tradersâ appetite for the greenback was also affected by anticipation for speeches…
The Canadian dollar today weakened against the US dollar after the release of disappointing Canadian inflation data by Statistics Canada. The Consumer Price Index report for the month of May disappointed both on a monthly basis…
The euro was stable today after the release of Purchasing Managers’ Indexes from Markit Economics. Markit released manufacturing and services PMIs for Germany, France, and the whole eurozone today. For the most part, the manufacturing…
The Japanese yen was little changed today after a report from Markit showed that growth of Japan’s manufacturing sector slowed unexpectedly this month. Flash Nikkei Flash…