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Japanese Yen Weakens After Kuroda Talks About Policy Easing

The Japanese yen weakened today, falling against the US dollar, after Bank of Japan Governor Haruhiko Kuroda said that the central bank may ease its already extremely accommodative monetary policy further.

Swiss Franc Flat vs. Majors, Gains on Yen & Commodity Currencies

The Swiss franc was flat against most major currencies, with the exception of the Japanese yen, after the release of a trade balance report in Switzerland today. Risk aversion helped the Swissie to gain on commodity currencies.

Australian Dollar Falls After Release of RBA Minutes

The Australian dollar fell today after the release of monetary policy minutes by the Reserve Bank of Australia. The currency also declined as optimism about this week’s trade negotiations between the United States and China turned into cautiousness.

Chinese Yuan Gains on Trade Talk Momentum, Trade Data

The Chinese yuan is gaining against major currency rivals on Monday as it is being supported by US-China trade talk momentum and better-than-expected January trade data. The yuan’s ascent was capped on disappointing auto sales figures and future industry projections.

Euro Rallies on Trade Talk Hopes, Drops on Shift in Investor Sentiment

The euro today rallied higher against the US dollar driven by investor hopes of a breakthrough in the ongoing Sino-US trade talks and a risk-on market sentiment. The EUR/USD currency pair’s performance today was largely driven by market sentiment given that US markets were closed in celebration of Presidents’ Day holiday.

Sterling Opens Higher, Continues to Rise vs. US Dollar & Yen

The Great Britain pound opened sharply higher today. While it has backed off closer to the Friday’s close against some peers, the sterling continued to move higher versus such currencies as the US dollar and the Japanese yen.

Yen Weakest on Forex Market amid Risk Appetite, Japan’s Data Doesn’t Help

The Japanese yen was the weakest major currency on the Forex market today amid risk appetite caused by optimism about Sino-US trade talks. Better-than-expected domestic macroeconomic data was unable to provide support for the Japanese currency.

US Dollar Gains on Major Rivals, Retreats vs. Commodity Currencies

The US dollar gained on most major currencies during the past trading week but fell against commodity currencies. The reason for that was optimism about Sino-US trade talks, which led to risk appetite on markets.

Pound Rallies on Upbeat UK Retail Sales as May Loses Indicative Vote

The British pound today rallied higher against the US dollar from the early European session following the release of upbeat UK retail sales data for January. The GBP/USD currency pair was trading in a see-saw fashion during the Asian session as investors remained indecisive regarding the Sterling.

NZ Dollar Defies Negative Fundamentals, Bouncing After Decline

The New Zealand dollar rallied today after falling earlier. Surprisingly, the rally started after the release of disappointing macroeconomic reports in China — New Zealand’s biggest trading partner. Domestic macroeconomic data, which was not that great as well, had smaller impact on the currency. Yet it was also puzzling, driving the kiwi slightly higher, not lower.

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