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New Zealand Dollar Weakest Major Currency During Tuesday Trading

The New Zealand dollar was the weakest major currency today, falling for the sixth straight trading session versus the US dollar and for eighth versus the euro and the extremely weak Japanese yen (which was the second weakest).

Australian Dollar Bounces After Release of CPI Reports

The Australian dollar fell intraday during the current trading session but bounced after the release of inflation reports even though the data was not particularly supportive.

Euro Declines on Mixed Eurozone Markit Flash PMI Releases

The euro today declined against the US dollar despite the release of mostly positive PMI data by Markit Economics from across the Eurozone. The single currency’s decline was largely fueled by the resurgent demand for the greenback as trade tensions between China and the USA calmed down.

Japanese Yen Soft Despite Positive Manufacturing Report

The Japanese yen fell against the US dollar today despite a positive report about Japan’s manufacturing released by Markit during the trading session. The yen was also soft against other currencies, though managed to regain ground versus the euro.

Indonesian Rupiah Weakens on Fed Interest Rate Hike Bets

The Indonesian rupiah fell along with most other Asian currencies against the US dollar today amid bets on an interest rate hike from the Federal Reserve in the near future.

US Dollar Waits for GDP & Other Economic Reports

The US dollar gained on all its most-traded rivals last week, and traders wait to see if the currency will be able to continue its bullish run in the coming week. Analysts expected that the greenback will be mainly driven by macroeconomic fundamentals, though politics may also affect the US currency.

GBP & CAD Fall on Poor Data, Interest Rate Outlook

The Great Britain pound fell during the past trading week on poor macroeconomic data and concerns that the Bank of England will postpone the planned interest rate hike. The Canadian dollar had the similar issues.

Swiss Franc Falls Below 1.20 Against Euro

The Swiss franc fell below the historically important level of 1.20 versus the euro as the risk appetite drove investors away from safe currencies. Still, Swiss National Bank Chairman Thomas Jordan saw no reason to abandon the extremely loose monetary policy.

USD/JPY Rises as Japan’s Inflation Slows

The Japanese yen fell against the US dollar today as nation’s inflation slowed last month. The currency also dropped against other rivals but has trimmed its gains by now, and against the euro it actually moved above the opening level.

New Zealand Dollar Loses Gains Despite Positive CPI

The New Zealand dollar attempted to rally today, but failed and followed its Australian counterpart in decline. The currency dropped even as the inflation print came out better than expected.

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