Forex News

The Australian dollar versus the New Zealand dollar etched the new high of 2019, and this makes possible even more positive expectations.

The Canadian dollar showed mixed performance today despite favorable retail sales data. The explanation for this could be strength of its rivals as well as the decline of crude oil prices.

The Australian dollar was mixed today despite extremely positive employment data. Other macroeconomic reports released in Australia during the Thursday’s trading session were less stellar.

The US dollar posted gains against some of its most traded currency rivals on Thursday, buoyed by strong data supporting claims that the US economy is doing rather well. This comes as the nation keeps all its eyes on the findings from special counsel Robert Mueller’s two-year investigation into collusion between President Donald Trump and Russia.

The Sterling pound today fell against the US dollar despite the release of upbeat UK retail sales data in the early London session. The GBP/USD currency pair extended its losses following the release of positive retail sales data from the US docket in the early American session.

The euro today fell to new weekly lows against the US dollar following the release of disappointing German manufacturing PMI by IHS Markit earlier today. The EUR/USD currency pair fell to new lows after PMI data indicated that the euro area manufacturing sector was still contracting at a fast rate.

The Canadian dollar gained on Wednesday thanks to positive domestic macroeconomic data. At the start of Thursday’s trading session the currency was losing its gains.

The New Zealand dollar dropped on Wednesday after domestic inflation data disappointed traders, increasing bets on an interest rate cut by the Reserve Bank of New Zealand.

The Australian dollar was mixed on Wednesday. The currency was flat against such rivals as the US dollar and the Japanese yen after swinging back and forth between gains and losses, fell versus the euro, but gained on the Swiss franc.

The Sterling pound today fell against the US dollar as UK inflation missed expectations to extend the pound’s losses against the greenback. The GBP/USD currency pair was also weighed down by the deadlock in Brexit negotiations between Theresa May‘s government and the opposition party.