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Australian Dollar Firm in Face of Disappointing Reports

The Australian dollar was firm today despite underwhelming domestic macroeconomic reports released over the current trading session.

Japanese Economy Halts Growth, Yen Doesn’t Care

Japan’s economy surprised economists, unexpectedly halting growth last quarter. Yet that did not bother the Japanese yen, which rose against its major rivals today.

Euro Drops Against a Strong US Dollar Amid Mixed Eurozone Data

The euro today registered a significant drop against the US dollar from the mid-European session following high demand for the greenback boosted by higher US Treasury yields. Mixed data from a cross the Eurozone such as the weak German GDP data released earlier today also contributed to the euro’s weakness against the greenback.

British Pound Remains Depressed on Mixed UK Jobs Report

The British pound today remained depressed against the US dollar despite the release of the mostly positive UK labour market report for May. The increase in the 10-year US Treasury yields to levels above the crucial 3.00% level exerted downward pressure on the cable restricting any positive moves by the currency pair.

Australian Dollar Stable After RBA Minutes & China’s Data

The Australian dollar was rather stable today, rising against some rivals and falling versus others, but only just a little bit. Fundamentals were somewhat mixed, giving the currency no help in finding direction. Among important events during the current trading session were the policy minutes from the Reserve Bank of Australia and China’s macroeconomic releases.

Malaysian Ringgit Recovers After Touching Four-Month Low

The Malaysian ringgit touched the lowest level in four months today but has managed to recover by now.

Japanese Yen Drops as USA Make Concessions to China

The Japanese yen traded broadly lower today after the news that the United States made some concessions to China in the trade talks. Japan’s macroeconomic data was unable to support the currency.

US Dollar Enters Consolidation, Ending Week Flat

The US dollar entered a consolidation mode, ending the week flat against most of its major rivals. As for other currencies, the Canadian dollar and the Great Britain pound were the strongest, while the New Zealand dollar ended the week extremely soft.

US Dollar Declines on Friday, Heads to End Week Flat

The US dollar extended yesterday’s decline today, heading to end the week flat versus most of its major rivals.

Canadian Dollar Drops Against US Dollar on Disappointing Jobs Report

The Canadian dollar today registered a significant loss against its American counterpart following the release of Canada’s April employment report in the early North American session. The loonie was stronger against the greenback in the Asian to mid-European sessions backed by the weakening US dollar following yesterday’s mixed US CPI report.

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