Live Forex news from all over the world.
The British pound today rallied against the US dollar after Nigel Farage confirmed his support for the Conservative Party raising hopes about Brexit. The GBP/USD currency pair rallied to new 4-day highs on the political headlines despite the release of multiple weak UK macro reports.
The Australian dollar versus the US dollar currency pair looks like it is failing in its appreciation efforts. Or isn’t it?
The New Zealand dollar was the weakest most-traded currency on the Forex market today following the unexpectedly big increase of the unemployment rate reported earlier this week. The positive trade data in China, New Zealand’s biggest partner, and optimism about the US-China trade negotiations did not help the currency.
The Chinese yuan has climbed above the key 7 threshold against its US peer for the first time in three months, driven by hopes that the US and China are on the cusp of agreeing to the first phase of a comprehensive trade deal. Improving trade data and a better-than-expected purchasing managers’ index (PMI) are also giving the yuan a boost.
The Australian dollar fell against almost all other most-traded currencies today. Domestic macroeconomic data was unfavorable to the currency as it missed market expectations. The monetary policy statement released by Australia’s central bank today retained an optimistic outlook for the nation’s economy but kept the possibility of additional monetary easing in the cards.
The US dollar versus the Japanese yen currency pair made a new high at 109.48 after piercing an important level. What is of major importance is whether or not the bulls can sustain the gains.
The Swiss franc is trading sideways on Thursday as consumer confidence fell to a 10-year low. With the survey suggesting that the Swiss anticipate higher unemployment and weaker economic growth, the Organisation for Economic Cooperation and Development (OECD) slammed the federal government for posting budget surpluses. But local businesses are more perturbed by subzero interest rates than a government that is saving money.
The New Zealand dollar versus the Canadian dollar currency pair is trying to rotate towards 0.8514.
The Canadian dollar is falling against multiple major currency rivals midweek, caused by disappointing trade numbers and a lower purchasing managers’ index (PMI) reading. The loonie, which has been one of the best-performing currencies in international markets, continues to lose its momentum as the year winds down.
The Australian dollar versus the Japanese yen currency pair extended the gains and reached the 75.40 rate. The question is now whether the appreciation will continue or not.
