Live Forex news from all over the world.
The Japanese yen today rallied against the US dollar driven by the risk-off sentiment, which dominated markets from the early European session. The USD/JPY currency pair extended its losses in the early American session following the release of disappointing US retail sales report.
The Australian dollar was under pressure today from the wage inflation miss. News from China did not do the currency any favors either.
The euro today fell to new lows against the US dollar following the release of disappointing German and eurozone GDP growth data in the early European session. The EUR/USD currency pair failed to rally higher following the release of weak US retail sales data in the early American session as investor risk appetite remained subdued.
The Chinese yuan declined against the US dollar today after almost all Chinese macroeconomic indicators released today missed expectations. The developments in the US-China trade negotiations were not good for the currency as well.
In front of a big chance, the bulls were not able to manage the situation on the New Zealand dollar versus the Canadian dollar and missed out the opportunity to direct the price towards the previous high, at 0.9281.
The euro attempted to rally today but reversed movement against most of its rivals later, erasing gains against some of them outright. Traders remained cautious about the ongoing US-China trade conflict, while mixed macroeconomic data was not helping the currency either.
The Great Britain pound was generally soft today, dragged down mostly by the market sentiment. Domestic employment data was mixed, providing both positive and negative surprises, and therefore giving no help for the currency in finding direction.
The US dollar is rebounding on Tuesday as global financial markets recover from the latest development in the US-China trade war. Despite trade war fears dampening the US economy, experts say that America holds the upper hand because of how strong it is performing. Investors are also combing through recent trade pricing data.
As many other currencies, the Great Britain pound declined on Monday. While the negative market sentiment was the major reason for the decline, domestic news was not good as well.
The Chinese yuan is cratering against several major currency rivals to start the trading week. After the US government unexpectedly raised tariffs on $200 billion in Chinese goods, Beijing responded by raising tariffs on $60 billion worth of American products.
