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British Pound Falls on Negative Brexit News Ahead of Key Vote

The Sterling pound today fell from its daily highs against the US dollar after rumors emerged that the Irish DUP was still opposed to the British PM’s Brexit deal. The GBP/USD currency pair was buffeted by new headlines relating to Brexit throughout today’s session as its gains were largely limited by the uncertainty associated with the current Brexit situation.

Canadian Dollar Weakens on Data, Energy Prices

The Canadian dollar is weakening against several major currencies to start the trading week as the loonie is still reeling from bad data. The dollar faced additional pressure on tumbling energy prices and investors sounding the alarm about Canada’s perpetual budget deficit problem. The loonie may get a bit of reprieve from a light-data calendar.

Turkish Lira Bounces After Erdogan Warns Speculators

The Turkish lira rose against the US dollar, rebounding after Friday’s huge slump, today after Turkey’s President Recep Tayyip Erdogan warned investors speculating against the currency that they will be punished. The bounce was limited, though, and currently the lira is trimming its gains.

Euro Rises with German Ifo Business Climate Index

The euro rallied against other most-traded currencies today after the German business climate improved unexpectedly this month. The rally was nowhere near big enough to erase Friday’s big losses, though.

US Dollar Ends Week Mixed on Dovish Fed, Fears of Recession

The US dollar ended the past trading week mixed, gaining on some currencies and falling versus others. While the unexpectedly dovish Federal Reserve hurt the currency strongly, it had some support from risk aversion. The same risk-off sentiment made other safe-haven currencies, like the Japanese yen and the Swiss franc, clear winners for the week.

Chinese Yuan Mixed As Market Weighs PBOC’s Overhaul to Interest Rates

The Chinese yuan is mixed at the end of the trading week as the market weighs the People’s Bank of China (PBOC)’s long-postponed measure to overhaul interest rates. Investors might also be anxious over new data that found soaring debt levels and rising unemployment in the world’s second-largest economy could threaten stimulus initiatives. Other reports suggest the US wants Beijing to “double or triple” its offer to purchase American goods has not […]

Japanese Yen Gains, Ignoring Poor Domestic Data

The Japanese yen gained against its most-traded rivals today despite worse-than-expected domestic macroeconomic data.

Australian Dollar Mixed After PMI Releases

The Australian dollar was mixed, falling against some rivals but gaining on the euro. Markit released PMIs for manufacturing and services industries today, which were not particularly good.

Euro Crashes on Disappointing Eurozone PMI Prints

The euro today crashed against the US dollar in the early European session following the release of disappointing PMI data from across the eurozone by IHS Markit. The EUR/USD currency pair’s crash was triggered by the release of disappointing German and eurozone PMI prints, which came in at record lows painting a bleak picture for most eurozone economies.

Sterling Pound Drops on BoE Rate Decision and Brexit Headlines

The Sterling pound today fell to new lows against the US dollar as it was buffeted by negative Brexit headlines from the early London session. The GBP/USD currency pair later fell to new record lows on rumors that the EU will allow an extension of Article 50 up to May 22, which is quite short.

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