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Japanese Yen Gains After Inflation Data, BoJ Monetary Policy Decision

The Japanese yen gained against other most-traded currencies after today’s release of inflation data and yesterday’s monetary policy decision of Japan’s central bank. The gains were limited, though, as markets are feeling the holiday mood and trading is slowing.

Euro Rallies After Fed’s Statement, EU-Italy Budget Deal, Economic Data

The euro was very strong today against the majority of most-traded currencies with the exception of the extremely strong Japanese yen. The budget deal between Italy and the European Union, the dovish policy statement of the Federal Reserve, and positive macroeconomic data in the eurozone — all those factors contributed to the rally of the shared 19-nation currency.

Pound Trades Sideways on BoE Credit Data Ahead of Budget Speech

The British pound today traded in a tight range against the US dollar on the latest BoE credit data even as investors await the autumn UK budget speech later today. The pound’s slight rally was supported by the improved risk sentiment among investors, which supported the cable and prevented it from falling further.

US Dollar Mostly Weak but Gains on Safe Currencies

The US dollar was generally weak today as risk appetite made investors seek riskier currencies with higher yield. For the same reason the greenback gained on safe currencies, like the Japanese yen and the Swiss franc.

Japanese Yen Falls on News About Italian Budget

The Japanese yen fell today as markets switched into a risk-on mode on the reports that Italy will change its budget plans to avoid clash with the European Union. The news were conflicting, though.

British Pound Rallies Against US Dollar on Weak US Data

The British pound today rallied to new highs against the US dollar after the release of disappointing US durable goods orders. The pound had hit daily lows after the Chancellor of the Exchequer, Philip Hammond released the government’s Autumn Budget 2017.

US Dollar Jumps on Hopes for Tax Cuts as Senate Passes Budget Blueprint

The US dollar jumped today, registering the biggest daily gain in a month, due to the hopes for the tax reform promised by US President Donald Trump.

US Dollar Tumbles on Mixed Economic Releases as Markets Await Trump Speech

The US dollar today declined against its main rivals even as economic releases indicated that durable goods orders rose, while core orders declined. The pending home sales for January declined, while the Dallas Fed Manufacturing Business Index rose. However, the positive economic releases could not boost the US dollar as investors remained cautious awaiting Trump’s speech.

Real Falls as Rousseff Wants to Ease Fiscal Rules, Recovers

The Brazilian real gained today after the earlier decline. The currency fell earlier as President Dilma Rousseff wanted to ease fiscal rules. Such measure will reduce the budget deficit that reached the highest level in more than a decade.

NZ Dollar Gains as Fitch Raises New Zealand’s Credit Rating Outlook

The New Zealand dollar gained today as Fitch ratings raised the outlook for the nation’s credit rating from stable to positive, adding to signs that the New Zealand economy performs very well.

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