Forex News

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Canadian Dollar Suffers from Disappointing CPI & Retail Sales

There were two important economic releases from Canada scheduled for today, the Consumer Price Index and retail sales, and both of them turned out to be disappointing. Unsurprisingly, the market reacted to the news by pushing the Canadian dollar lower.

Canadian Dollar Little Changed After Thursday’s Rally

The Canadian dollar was little changed at the start of the Friday’s trading session after rallying against the US dollar and the Japanese yen on Thursday. The rally was caused by the rise of crude oil prices.

Dollar Remains Vulnerable After Fed Minutes

The US dollar remained weak today, falling for the fifth straight day against the euro, as the minutes released by the Federal Reserve continued to weigh on the greenback.

Pound Rises with Strong Retail Sales

The Great Britain pound gained today with the help of surprisingly strong retail sales. It was just another evidence that the Brexit had no impact on Britain’s economy, at least not yet.

Australian Dollar Rallies After Employment Data, Trims Gains

The Australian dollar gained today following the release of a very positive employment report, though the currency has trimmed its gains as of now.

Australian Dollar Follows NZ Peer into Decline

The Australian dollar demonstrated the same performance as its New Zealand counterpart, falling against other most-traded currencies even though Australia’s economic indicators were good.

NZ Dollar Fails to Keep Gains Despite Helpful Economic Data

The New Zealand dollar climbed earlier today after the release of positive macroeconomic reports, but the rally was short-lived, and now the currency is trading far below the opening level.

Euro Mostly Higher Today as Experts Talk of Reform

With all that’s going on right now, it seems as though euro should be heading lower. However, the 19-nation currency is mostly higher today, gaining against many of its counterparts. Euro is down against the US dollar, but seeing success against other currencies.

US Dollar Gains on Revived Hopes of a 2016 Rate Hike

US dollar is heading higher today, gaining as hopes are revived for another rate hike by the end of the year. Inflation numbers weren’t as low as expected, and many Forex traders are looking for reasons to be positive about the greenback.

Loonie Mixed Despite Supportive Fundamentals

The Canadian dollar climbed against its US peer but dropped against the euro and the Japanese yen despite the support from rising oil prices and manufacturing sales.