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Rupee Falls After India Announces Tariffs on US Goods

The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.

Great Britain Pound Attempts to Recover After Starting Session Weak

The Great Britain pound is currently attempting to recover after starting trading very weak. The sterling was soft due to the downgrade of economic forecasts and persisting concerns about probability of a “hard” Brexit.

Brexit Worries Continue to Hammer Pound

The Great Britain pound sank against the US dollar and fell versus some other currencies, including the Swiss franc, today amid concerns that pro-Brexit candidate Boris Johnson is moving closer to becoming a new prime minister.

Ruble Gains vs. Dollar Despite Interest Rate Cut from Bank of Russia

The Russian ruble gained today versus the US dollar even after Russia’s central bank cut its key rate.

Euro Falls Against US Dollar After US Retail Sales Top Expectations

The euro today fell to new weekly lows against the US dollar following the release of upbeat US retail sales data in the American session. The EUR/USD currency pair traded with a bearish bias for most of today’s session amid a risk-averse market mood given the US-China trade war.

Canadian Dollar Mixed on Disappointing Auto Sales, Rising Energy Prices

The Canadian dollar is mixed at the end of the trading week, finding direction against several currencies on recent automobile sales data and rallying crude oil prices. The loonie is trying to take advantage of the many dovish comments at the Federal Reserve, further helping the dollar pare its losses in the last week.

Aussie Weakens on Poor China’s Data, Market Sentiment

The Australian dollar was soft today as the market sentiment remained negative following yesterday’s news about an attack on oil tankers in Middle East. Mixed macroeconomic data in China, Australia’s biggest trading partner, added to downside pressure on the currency. While some of the indicators were good, the arguably more important ones were surprisingly bad, suggesting that the Chinese economy struggles to maintain its impressive growth.

NZ Dollar Drops as Manufacturing Slows

The New Zealand dollar dropped against other most-traded currencies today as nation’s manufacturing sector almost stopped expanding last month. The general negative market sentiment wasn’t helping the currency either.

Next Move for AUD/JPY After Revisiting 74.96

By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities.

Sterling Rallies As Johnson Floors Rivals in 1st Round, Later Falls

The Sterling pound today rallied against the US dollar in the mid-London session as Boris Johnson floored his opponents in the first round of voting within the Conservative Party. The GBP/USD currency pair had fallen earlier today as markets reacted to yesterday’s defeat of a motion to eliminate the possibility of a hard Brexit.

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