Live Forex news from all over the world.
The Turkish lira strengthened against its US peer to kick off the trading week, buoyed by reports that Turkey and Greece could soon resolve Maritime boundaries. The lira found additional support on decent economic data, as well as optimistic forecasts for 2021. Can the lira keep up the momentum after a decent start to the first few weeks of the calendar year?
The Australian dollar was firm today, joining other commodity-related currencies in a rally, thanks to the positive market sentiment. The strongest currency on the Forex market on Monday was the New Zealand dollar, though.
The Australian versus the United States dollar currency pair seems to have hit the pause button for the climb, for it unfolds a consolidation phase.
The euro has been heading to end Friday as the strongest currency on the Forex market despite the worsening market sentiment. The currency ignored the PMI data from Markit, which showed slowing growth of the manufacturing industry and accelerating decline of the services industry.
The Canadian dollar is weakening against its US peer to finish the trading week, paring most of its gains from recent sessions. The loonie is slumping amid declining crude oil prices and developments on the Keystone XL pipeline front. But positive economic data offset some of the bearish news. Could the currency’s push over the last several months come to a screeching halt?
The Sterling pound today fell against the dollar amid a deluge of disappointing UK macro reports that painted a discouraging picture of the country’s economy. The GBP/USD currency pair was also weighed down by the prospect of the UK coronavirus lockdown measures being extended for more months.
The Australian dollar was the weakest currency on the Forex market today, falling even against its commodity-geared counterparts, though managing to pare losses versus them by the time of writing. One of the possible reasons for the Aussie’s weakness was the worsening market sentiment. Another one was a disappointing retail sales report.
The New Zealand dollar was soft today, falling against the majority of most-traded currencies, though managing to eke out gains versus its commodity peers (but it has lost gains against the Canadian dollar by the time of writing). The kiwi fell despite better-than-expected inflation data.
The United States dollar versus the Japanese yen currency pair seems to have changed course towards the south. How much can it stretch?
The Australian dollar was soft today despite decent domestic employment data. While the Aussie managed to rise a little against few rivals, the currency dropped against the majority of its counterparts.
