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Euro Fails to Hold On to Gains on Resurgent US Dollar Demand

The euro today rallied to new highs in the early European session even as German bond yields hit new tops and the US dollar retreated. However, the EUR/USD currency pair proceeded to give up all its gains as the greenback rebounded amid rising US bond yields and Irish border concerns.

Pound Rallies on Upbeat UK Inflation Data, Declines on Brexit News

The Sterling pound today rallied higher against the US dollar following the release of the latest UK inflation data, which beat expectations by a huge margin. The GBP/USD currency pair today rallied to new six-week highs following the positive releases, but later dropped to new lows due to negative Brexit headlines.

Japanese Yen Remains Soft After BoJ, Trade Balance

The Japanese yen remained broadly weaker against its most-traded rivals. While domestic releases were unfavorable to the currency, the major reason for the yen’s weakness was the market sentiment that favored riskier currencies, not safer ones.

NZ Dollar Rallies on Positive Sentiment, Dismisses Underwhelming Data

Macroeconomic data released in New Zealand today was unfavorable to the New Zealand dollar. Yet the currency managed to rise nonetheless, likely boosted by the same positive sentiment that helped its Australian counterpart.

Positive Market Sentiment Allows Aussie to Ignore Economic Data

The Australian dollar rallied today despite lackluster macroeconomic data. The currency got support from the positive market sentiment that ignored the latest developments in the US-China trade war.

No Demand for Safe Haven, Yen Retreats Ahead of BoJ Meeting

The Japanese yen was weak today ahead of tomorrow’s policy meeting as markets largely ignored escalating trade tensions between the United States and China, lowering demand for the currency as a safe haven.

Aussie Bounces After Initial Decline Caused by RBA Minutes & Economic Data

The Australian dollar dipped initially today following the release of central bank’s monetary policy minutes and poor macroeconomic data. Yet the currency has bounced by now after markets had calmed, largely ignoring US tariffs on Chinese goods.

Chinese Yuan Weakens on Latest US Tariffs, Markets Unfazed

The Chinese yuan weakened on Tuesday after the US government announced new tariffs on tens of billions of dollars worth of Chinese goods. As expected, Beijing retaliated a day later, confirming its own import levies on American products. This is the latest development in the intensifying US-China trade war, causing mixed results: analysts are worried but markets have yet to be rattled.

Canadian Dollar Posts Gains As Investors Brace for Tense NAFTA Talks

The Canadian dollar, which enjoyed its biggest weekly gain since April last week, is posting modest gains on Monday as investors are bracing for a week of tense North American Free Trade Agreement (NAFTA) talks. Officials are being pressed to reach a deal, especially with Mexico’s president-elect about to take office and the US holding midterm elections in November. Traders feel that the added pressure might lead to a conclusion, […]

Euro Trades Higher on Positive Inflation Data Amid Weak US Data

The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations.

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