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Yen Flat-to-Lower After Kuroda’s Speech

The Japanese yen was stable against such currencies as the US dollar and the Great Britain pound today, but fell against such European majors like the euro and the Swiss franc.

Australian Dollar Lifted by Domestic Data

The Australian dollar stabilized after yesterday’s sell-off, edging a little higher versus the US dollar and the Japanese yen, though continuing to fall against the euro for the fourth straight day. It looks like traders paid more attention to the positive domestic data than to the reports from China, Australia’s biggest trading partner.

GBP/USD Tumbles to New Lows on Soft UK CPI Data

The GBP/USD currency pair today tumbled to new lows after the release of soft UK CPI data by the Office for National Statistics early in the European session. Today’s decline extends the pound’s drop for the second consecutive session this weak after yesterday’s massive drop occasioned by news of a leadership crisis in the UK.

Euro Rallies Against US Dollar on Positive German GDP Data

The euro today rallied higher against the US dollar after the release of German GDP data by the Federal Statistical Office. Other releases from the Eurozone including the higher consumer prices in Germany served to boost the euro against the greenback.

US Dollar Posts Limited Gains as Week Starts

The US dollar was trading marginally higher against its major peers on Monday, though it logged more substantial gains versus the vulnerable Great Britain pound and was almost flat versus the euro.

Australian Dollar Creeps Down During Monday’s Quiet Trading

The Australian dollar was moving gradually down during the Monday’s uneventful trading session.

Pound Slides as Theresa May Faces Fresh Challenges to Leadership

The Great Britain pound fell today, losing 100 pips against the US dollar intraday. The sterling’s performance against other majors was no better. The main reason for the drop was political turmoil in Britain.

Dollar Ends Uneventful Week Soft

The US dollar ended the uneventful week somewhat soft, falling against its major rivals. With absence of major economic releases, markets focused on the US tax bills.

EUR/USD Rallies Briefly on Weak Consumer Sentiment Data

The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains.

US Dollar Declines Against British Pound as Concerns About Tax Reform Grow

The US dollar dropped against the British Pound on Friday as the US Senate decided to delay a key part of the Republican tax reform for one year. The delay widely disappointed investors’ hopes for a swift release of a list of tax cuts that would have provided a boost for the economy.

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