The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major…
Posts published in September 2017
EUR/USD Consolidates Gains After Release of ZEW Survey Data
The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current…
US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting
The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone…
Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum
The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse…
Pound Starts Week Mixed as Traders Wait for Carney
The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen. The Bank of England surprised…
Amazing Performance of Pound Caused by Interest Hike Speculations
The Great Britain pound surged during the past trading week, propelled by interest rate hike speculations. Meanwhile, safe currencies found little demand as risk appetite came to the market. The Bank of England…
Euro Mixed, Prospects for QE Tapering Stay in Place
The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing…
US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates
The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which…
GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments
The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech…
NZ Dollar Gains as Manufacturing Continues to Expand
The New Zealand dollar gained today as domestic data revealed that the New Zealand manufacturing sector continued to expand with accelerating pace last month. The seasonally adjusted BusinessNZ Performance of Manufacturing…