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Japanese Yen Softens After Disappointing GDP Growth

The Japanese yen fell a bit after the release of a disappointing GDP report and was also under pressure from the risk-on market sentiment.

US Dollar Rebounds Despite Headline Inflation Miss

The US dollar was weak in the first half of Wednesday’s trading session but reversed losses versus some currencies later, erasing them against others outright. Slight miss of inflation print did not prevent the rebound. In fact, the greenback climbed after the worse-than-expected data.

Euro Suffers from Falling Industrial Production

The euro was weak across the board today. Market analysts explained the currency’s poor performance by worse-than-expected industrial production in the eurozone.

Chinese Yuan Surges Amid Trade Deal Optimism, Ignores Bearish Reports

The Chinese yuan is surging midweek as investors are optimistic about Washington and Beijing nearing a new trade agreement that would end this year-long standoff between the world’s two largest economies. Although President Donald Trump and President Xi Jinping will not meet prior to the March 1 deadline, both sides are positive that crucial developments can be made in the final days of the trade truce.

Aussie Gains on Risk Appetite, Recovering Consumer Sentiment

The Australian dollar gained today amid risk appetite caused by hopes for a successful outcome of trade negotiations between China and the United States. Positive domestic macroeconomic data also helped the Australian currency.

Pound Falls on Weak CPI Data, Spikes Higher on Brexit Rumors

The British pound today traded in an erratic manner against the US dollar as it rallied higher in the Asian session, before falling, and then spiking higher on Brexit rumors. The GBP/USD currency pair was not done with its sudden moves as it quickly retraced all its gains and headed lower in the American session as the greenback recovered.

NZ Dollar Soars After RBNZ Releases Neutral Statement

The New Zealand dollar surged today after the Reserve Bank of New Zealand surprised the market, releasing a neutral monetary policy statement, whereas market participants had expected more dovish bias.

Japanese Yen Weakens to Lowest Level in 2019 on Poor Data

The Japanese yen has slipped to its lowest level against its major currency counterparts in 2019 on Tuesday. Because of soft economic data and the central bank maintaining an accommodative monetary policy, analysts feel that Tokyo’s economic growth could be threatened in 2019, sending the yen lower.

Euro Recovers From Yearly Lows on Trade Optimism and US Politics

The euro today dropped to new 2019 lows against the US dollar in the early European session as the selling pressure on the single currency mounted. The pair reversed its losses later in the session as investor sentiment shifted and the US dollar gave up some of its earlier gains.

Chinese Yuan Weakens As Q1 GDP Expected to Slow to 6%

The Chinese yuan is weakening to kick off the trading week as a state-run newspaper anticipates economic growth to slump to a historically-low level in the first quarter. Investors are also combing through the latest forex exchange reserve data.

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