The New Zealand rose against its US peer today. While domestic macroeconomic data was good, it had little impact on the New Zealand currency, and the likely reason for its rally versus the greenback was the weakness of the US currency itself. The overseas merchandise trade index rose 0.8% in the December quarter from the previous three months, reaching the record high. The actual growth was faster than 0.5% predicted by analysts … “NZ Dollar Rallies vs. US Dollar in Thursday’s Trading”
Month: March 2018
Australian Dollar Extends Decline After Thursday’s Mixed Data
The Australian dollar extended decline today for the third consecutive session versus its US counterpart and for the fourth session against the euro and the Japanese yen. Economic data released in Australia on Thursday was mixed, while China’s manufacturing report was neutral. The Australian Industry Group Australian Performance of Manufacturing Index decreased from 58.7 to 57.5 in February, signaling about further expansion but at a slightly slower pace. Private capital expenditure fell … “Australian Dollar Extends Decline After Thursday’s Mixed Data”
Euro Declines on Markit Eurozone PMI Data, Later Rebounds
The euro today traded lower against the US dollar after the release of mixed Markit PMI data from across the euro area in the early European session. The euro also headed lower shortly after the release of US personal consumption expenditure report in the early American session. The EUR/USD currency pair today traded in a tight range marked by a high of 1.2213 and a low of 1.2162, but had broken higher at the time of writing. The weak Markit … “Euro Declines on Markit Eurozone PMI Data, Later Rebounds”