Live Forex news from all over the world.
The US dollar today rallied briefly against its peers after the release of positive US consumer confidence data by the Conference Board. The US dollar rallied briefly against the euro, which saw the single currency decline against the greenback from 52-week highs recorded earlier today.
The euro rose against the US dollar on Tuesday, after a new report showed better business confidence in Germany than previously expected, the biggest economy in the European Union. The shared currency had smaller gains against the British pound following a tweet from US President Donald Trump that mentioned a trade deal with the United Kingdom.
The Great Britain pound gained against its most-traded rivals during the current trading session, rising for the first time after five consecutive sessions of losses versus the Swiss franc and the Japanese yen, even though the International Monetary Fund revised its growth outlook for the United Kingdom.
The Canadian dollar rose today thanks to the surprisingly good wholesale sales reading, which increased chances for monetary tightening from the Bank of Canada.
The US dollar edged higher against a basket of major currencies on Monday ahead of the Federal Reserve’s monetary policy meeting that starts tomorrow. The greenback was able to maintain today’s gain even after a report revealed disappointing existing home sales in June.
The euro lost ground against the US dollar on Monday, declining from the highest level since January 2015 in the wake of fresh reports on business activity within the euro zone. The shared currency also dropped against the British pound after being weighed by similar releases in France and Germany, the two biggest economies in the European Union.
The Japanese yen gained against its major peers even though the growth of the nation’s manufacturing sector slowed more than expected this month according to the preliminary reading.
The Polish zloty gained today after Polish President Andrzej Duda made a surprise announcement that he is going to veto part of the controversial reform to the judicial system.
The euro was strong during the past trading week due to the statement of the European Central Bank, which market participants considered to be hawkish.
The Australian dollar tumbled today after a central bank official damped expectations of an interest rate hike.
