Forex News

The Australian dollar was little changed against some of its most-traded rivals, like the US dollar and the Japanese yen, while gained against others, like the euro and the Swiss franc, during the current trading session.

The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect for an interest rate hike from the Bank of Canada.

The euro was mostly flat today as markets turned their attention away from politics towards the next week’s European Central Bank policy meeting and economic data that may influence the ECB decision.

The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.)

The US dollar ended the week as the weakest currency among the major ones. The euro was mixed, while the Great Britain pound was the strongest.

The New Zealand dollar rose today despite the report that showed slower growth of New Zealand’s manufacturing sector.

The Australian dollar rose today even though the trade balance report in China, Australia’s trading partner, did not look good at first glance. But in fact, the data painted a picture of a strong economy of the Asian nation, which is a good sign for the Australian economy.

The Great Britain pound jumped, erasing previous losses, today after the unconfirmed report that Britain may be offered by the European Union a two-year transition deal that will make it easier for the country to depart from the EU.

The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc, against which against the euro rallied for the fifth straight day, though the gains were small and may yet turn to losses by the end of Thursday’s trading (update: EUR/CHF trades at the opening level currently).

The Canadian dollar today declined against the US dollar following the release of upbeat US data and a rebound in the US dollar. The release of the Canadian housing price index in the early North American session also contributed to the loonie’s overall weakness.