The euro rose on Friday. Macroeconomic data released in the eurozone during the trading session was good, with inflation coming out within expectations and the current account beating forecasts.
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NZ Dollar Dollar Rises After Better-Than-Expected PPI
August 17, 2018 at 16:12
New Zealand Dollar
The New Zealand dollar rose today, boosted by the Producer Price Index, which came out much better than was expected by economists.
Canadian Dollar Jumps Despite NAFTA Exclusion
August 17, 2018 at 16:11
Canadian Dollar
The Canadian dollar is rallying to finish off the trading week. The loonie is strengthening on higher energy prices and strong inflation numbers, but the currency’s gains may have been capped by President Donald Trump excluding Canada from the latest North American Free Trade Agreement (NAFTA) talks with Mexico.
Turkish Lira Halts Recovery, Falls vs. Dollar & Euro
August 17, 2018 at 15:53
Turkish Lira
The Turkish lira halted its rebound and fell versus the US dollar and the euro today as concerns about the situation in Turkey resurfaced.
Japanese Yen Finds Direction As Investors Show Currency Is ‘Undervalued’
August 17, 2018 at 0:12
Japanese Yen
The Japanese yen is continuing to find direction at the end of the trading week as analysts say that the currency is “undervalued.” As the market fears over the Turkish crisis dissipate, several currencies are looking to gain some momentum in this volatile environment, and one of them might be the yen.
Canadian Dollar Among Weakest Currencies Despite Solid Data
August 16, 2018 at 18:20
Canadian Dollar
The Canadian dollar was among the weakest currencies today despite solid macroeconomic data and gains of crude oil, Canada’s major export commodity. The possible reason for that were resurfacing concerns about the Turkish situation.
Pound Attempts to Rally on Positive Retail Sales, Remains Vulnerable
August 16, 2018 at 17:03
Great Britain Pound
The Great Britain pound attempted to rally against some of its rivals today but was still hanging near the 14-month lows. While UK retail sales beat expectations and the general market sentiment improved, Brexit fears were still weighing on the currency.
Euro Recovers as US-China Trade Talks Are Set to Resume
August 16, 2018 at 10:42
Euro
The euro today recovered from the 14-month lows hit yesterday following the news that trade negotiations between China and the USA are set to resume later this month. The EUR/USD currency pair was also boosted by the release of the latest Eurozone trade balance data in the early European session, which beat expectations.
AUD Rallies on Improving Market Sentiment, Decent Economic Data
August 16, 2018 at 10:31
Australian Dollar
The Australian dollar rallied today, boosted mainly by the improving market sentiment. Australia’s macroeconomic data released over the trading session was somewhat mixed, but mostly good.
Indonesian Rupiah Stable After Central Bank Raises Interest Rates
August 15, 2018 at 19:18
Indonesian Rupiah
The Indonesian rupiah rose a bit against the US dollar today after Indonesia’s central bank raised interest rates to stop the drop of the currency.