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Japanese Yen Continues to Recover Against Majors

The Japanese yen gained against majors today, continuing to recover after the big drop on Tuesday. The yen performed a bit worse versus commodity currencies as the market sentiment stabilized after China’s better-than-expected trade report.

NZ Dollar Recovers on China’s Data, Remains Vulnerable to Monetary Policy Outlook

The New Zealand dollar gained today against major currencies. One of the possible reasons for the gains was profit-taking after yesterday’s huge slump. Another one was positive data from China — the world’s second-largest economy and New Zealand’s biggest trading partner. The gains were limited, though, as central bank’s assistant governor suggested a possibility of another interest rate cut.

NZD/CAD Pausing in Preparation for 0.8400

The New Zealand dollar versus the Canadian dollar currency pair managed to confirm as resistance the the last bearish standing point.

Canadian Dollar Weakens as US Crude Prices Crash 5%

The Canadian dollar is weakening against a basket of currencies midweek as the price of US crude oil cratered as much as 5%. With oil officially sliding into a bear market, the loonie is paring a portion of its year-to-date gains. As economic data continues to be mixed, it might be a difficult second half for the currency.

Euro Rallies as Stock Markets Crash on Sino-US Trade Tensions

The euro today rallied against the US dollar amid heightened trade tensions between the US and China, which triggered a global stock market sell-off. The EUR/USD currency pair rallied higher as investors sold the greenback and bought the single currency given the significant risks facing the United States.

Japanese Yen Gains Despite BoJ Signaling About Additional Easing

The Japanese yen rallied against other most-traded currencies today amid risk aversion caused by the escalating trade tensions between the United States and China. The currency gained even as Japan’s central bank signaled about the possibility of additional monetary easing.

Baht Falls as Thailand’s Central Bank Joins Other Banks in Cutting Interest Rates

The Thai baht declined today after Thailand’s central bank made a surprise interest rate cut.

Indian Rupee Weakens After Central Bank Cuts Interest Rates

The Indian rupee fell against the US dollar today after India’s central bank cut interest rates.

Aussie Resumes Decline After Firming on RBA Policy Announcement

The Australian dollar resumed its decline today after halting the drop yesterday. The currency firmed during the previous trading session after the monetary policy announcement of the Australian central bank. But the Aussie continued to move lower during the current session amid risk aversion prevailing on the market.

RBNZ Makes Surprise Interest Rate Cut, Kiwi Sinks

The Reserve Bank of New Zealand surprised markets today, cutting interest rates more than was expected. As a result, the New Zealand dollar sank against almost all of its most-traded rivals. While the currency has trimmed losses by now, it is still trading far below the opening level. Surprisingly, the kiwi managed to gain on the Great Britain pound, which remains under pressure from fears of a hard Brexit.

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