The Japanese yen today rallied against the US dollar as investors remained worried about the trade tensions between the US and China, which resulted in a risk averse market sentiment. Investors were also worried about the prospects of slower global economic growth next year, which made the safe haven yen more appealing. The USD/JPY currency … “Japanese Yen Rallies on Trade and Economic Growth Concerns”
Author: admin_mm
Australian Dollar Drops on Weak Chinese Data and Trade War Fears
The Australian dollar today declined against its US counterpart as markets digested the impact of weak Chinese industrial profits data on commodity-linked currencies such as the Aussie. The Aussie’s decline was further compounded by the re-emergence of Sino-US trade war fears based on recent news regarding potential orders by the US government against Chinese companies. … “Australian Dollar Drops on Weak Chinese Data and Trade War Fears”
Euro Rallies Post Christmas on Italian Budget News and US Politics
The euro today rallied higher against the US dollar from the Asian session despite the lack of any major European releases. The euro’s rally was largely driven by market concerns about the ongoing partial US government shutdown, which resulted in a weak US dollar. The EUR/USD currency pair today rallied from an opening low of … “Euro Rallies Post Christmas on Italian Budget News and US Politics”
Euro Rallies on Risk-On Sentiment and Weak Dollar on Christmas Eve
The euro today rallied higher against the US dollar in a move driven by improved market risk sentiment on the last trading day before Christmas. The euro rallied higher in Contrast to Friday’s massive decline against the US dollar, which was weighed down by negative fundamental drivers today. The EUR/USD currency pair today rallied from … “Euro Rallies on Risk-On Sentiment and Weak Dollar on Christmas Eve”
Canadian Dollar Mixed After Macroeconomic Reports
The Canadian dollar was mixed today, falling versus safe currencies, like the US dollar and the Japanese yen, but trading flat or even rising against others. Domestic macroeconomic reports did not help the currency to find direction as they were mixed themselves. Statistics Canada reported that gross domestic product rose 0.3% in October from the previous month following the 0.1% decline in September. Economists had predicted a smaller … “Canadian Dollar Mixed After Macroeconomic Reports”
Swiss Franc Soft Despite Supportive Data & Market Sentiment
The Swiss franc was surprisingly soft today despite recent supportive domestic macroeconomic data and the market sentiment that was favorable to safer currencies. Reported yesterday by the Swiss Federal Customs Administration, Switzerland trade balance surplus was at CHF 3.1 billion in November. Exports rose 1.8% to a new monthly record. Imports fell by 1.2%. USD/CHF gained from 0.9878 to 0.9915 as of 17:04 GMT today. GBP/CHF climbed from 1.2499 … “Swiss Franc Soft Despite Supportive Data & Market Sentiment”
US Dollar Surges on Data, Fed Comments
The US dollar is surging against its major rivals on Friday, thanks to positive economic data and comments by one Federal Reserve official. The greenback is on a tear in 2018, despite several factors that would normally the hurt currency, and it will likely finish the year up roughly 5%. Will 2019 be as friendly to the buck? The gross domestic product (GDP) was revised lower but it still came in strong … “US Dollar Surges on Data, Fed Comments”
Japanese Yen Extends Gains for Sixth Session on Risk Aversion
The Japanese yen continued to rise today, gaining for the sixth consecutive trading session. The currency continued to get support from risk aversion on markets, which made investors stick with safer assets. One of the main reason for investors’ worries was the collapse of stock markets following the policy announcement from the Federal Reserve. Most US stock indices fell more than 1% yesterday, while today most Asian stocks posted … “Japanese Yen Extends Gains for Sixth Session on Risk Aversion”
British Pound Trades Sideways Despite the Positive UK GDP Data
The British pound has traded in a wide range against the US dollar during today’s session as the bears and the bulls fought for control over the currency’s price direction. However, neither camp was winning after the release of positive UK quarterly GDP data accompanied by disappointing public borrowing data. The GBP/USD currency pair today traded … “British Pound Trades Sideways Despite the Positive UK GDP Data”
Euro Rallies After Fed’s Statement, EU-Italy Budget Deal, Economic Data
The euro was very strong today against the majority of most-traded currencies with the exception of the extremely strong Japanese yen. The budget deal between Italy and the European Union, the dovish policy statement of the Federal Reserve, and positive macroeconomic data in the eurozone — all those factors contributed to the rally of the shared 19-nation currency. The major contributing factor for the rally was the policy announcement from the Fed. While Fed’s stance did not seem as dovish as many … “Euro Rallies After Fed’s Statement, EU-Italy Budget Deal, Economic Data”