The euro today rallied against the US dollar after the European Central Bank released the minutes of its January meeting in the mid-European session. The single currency had declined against the greenback starting in the American session yesterday after the release of the FOMC minutes. The EUR/USD currency pair rallied by over 85 points from a daily low of 1.2260 to hit a high of 1.2351 at the time of writing. The currency pair extended yesterday’s losing steak into the late … “Euro Rallies Higher Against US Dollar on ECB Minutes”
Author: admin_mm
Pound Declines on UK Jobs Report, Recovers on BoE Speeches
The British pound was on a downtrend against the US dollar from the Asian session, but its decline accelerated after the release of the UK labour market report. The pound recovered some of its losses after the hawkish tone outlined by Bank of England policymakers before the UK Parliament’s Treasury Committee. The GBP/USD currency pair declined by over 100 points from an opening high of 1.4009 to hit a low of 1.3905 in the mid-European session, before retracing … “Pound Declines on UK Jobs Report, Recovers on BoE Speeches”
Loonie Extends Decline After Underwhelming Wholesale Sales
The Canadian dollar attempted to rise in the Tuesday session but failed and backed off. The currency extended its decline following the release of underwhelming wholesale sales data. Canadian wholesale sales fell 0.5% in December, the first decline in three months. Analysts had predicted an increase by 0.4%. The previous month’s gain was revised from 0.7% down to 0.3%. USD/CAD jumped from 1.2558 to 1.2642 as of 22:22 GMT today. EUR/CAD opened at 1.5579 … “Loonie Extends Decline After Underwhelming Wholesale Sales”
US Dollar Extends Rebound Ahead of FOMC Minutes
The US dollar extended its bounce after last week’s sell-off, rising today against most of its major rivals, though not the Great Britain pound. With no economic releases in the United States today, market analysts had to look elsewhere for explanation of the dollar’s rally. Many of them suggested that it was a safe haven buying as rising US Treasury yields after the Tuesday’s auction were threatening the stock … “US Dollar Extends Rebound Ahead of FOMC Minutes”
Euro Trades Lower Ignoring Mixed German ZEW Survey Data
The euro today was on a downtrend against the US dollar ignoring the release of mixed German ZEW survey data early in the European session. The single currency also did not respond to the release of positive German producer price index earlier in today’s session and continued to lose ground against the US dollar. The EUR/USD currency pair lost about 90 points to decline from an opening high of 1.2410 to hit a low of 1.2320. The euro was … “Euro Trades Lower Ignoring Mixed German ZEW Survey Data”
NZ Dollar Gains on Rivals, Fails to Hold Ground vs. US Dollar
The New Zealand dollar behaved similarly to its Australian counterpart, rising at the start of today’s session, slumping afterwards, but recovering later. As a result, the kiwi maintained gains versus some of its rivals, though was unable to hold ground against the US dollar. The New Zealand output Producer Price Index rose 1.0% in the December quarter, while the input PPI increased by 0.9%. That is compared to the growth by 1.0% and 1.1% during … “NZ Dollar Gains on Rivals, Fails to Hold Ground vs. US Dollar”
RBA Keeps Keeps Neutral Stance, Aussie Retreats from Daily High
The Australian dollar was rising at the start of the current trading session and continued to move higher for a short while after the release of policy minutes by the Reserve Bank of Australia. The currency slumped shortly afterwards, only to resume its rally later. Yet by now, the Aussie has come off the day’s highs, trimming its gains versus some currencies and losing them outright against the US dollar. As was expected, the RBA maintained its neutral … “RBA Keeps Keeps Neutral Stance, Aussie Retreats from Daily High”
EUR/USD Declines as American Markets Remain Closed
The EUR/USD currency pair today declined for the second consecutive session in a global market characterized by low volatility given that US markets remain closed as the country celebrated Presidents’ Day. The US markets were not the only ones closed, as Chinese markets also remain closed due to the ongoing Chinese New Year celebrations. The EUR/USD currency pair declined by over 60 points from a high of 1.2434 to hit a low of 1.2369 in the mid-European … “EUR/USD Declines as American Markets Remain Closed”
Australian Dollar Edges Higher in Subdued Monday’s Trade
The Australian dollar gained against its most-traded peers during subdued trading in Monday’s trading session. Today’s trading was subdued due to the President’s Day holiday in the United States. With no economic releases out of Australia to affect the currency, the Aussie joined other commodity currencies in a rally. The Reserve Bank of Australia will release minutes of its latest policy meeting at 00:30 GMT. Most experts anticipate the minutes to confirm the RBA’s … “Australian Dollar Edges Higher in Subdued Monday’s Trade”
Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens
The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month. The Japanese trade balance logged a surplus of ¥0.37 trillion in January, up from ¥0.09 trillion in December. Both imports and export fell, month-over-month, but imports fell more. Year-on-year, exports were rising at healthy pace, suggesting robust demand for the country’s goods. USD/JPY rose from 106.33 to 106.58 … “Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens”