Forex News

The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend.

The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen.

The Great Britain pound surged during the past trading week, propelled by interest rate hike speculations. Meanwhile, safe currencies found little demand as risk appetite came to the market.

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations.

The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week.

The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech on ‘real interest rates and risks‘ and published by Reuters.

The New Zealand dollar gained today as domestic data revealed that the New Zealand manufacturing sector continued to expand with accelerating pace last month.

The Swiss franc was stable today against some majors and continued to fall versus the very strong Great Britain pound. North Korea launched yet another missile, but that had little impact on markets, showing that market participants feel no need for safety. With that said, currently the franc is starting to move higher.

The USD/CAD currency pair today spiked briefly to new highs after the release of positive US CPI data, but quickly erased most of its gains to continue trading sideways. The release of Canada’s new housing price index might have contributed to the pullback despite being lower than the previous figure.

The British pound jumped against its major counterparts on Thursday after UK policymakers hinted that interest rates may be raised relatively soon.