Bureau of Labor Statistics — News Archive

    Archives

Euro Rallies Higher on German Coalition Talks Breakthrough

The euro today rallied higher against the US dollar after news emerged that Angela Merkel was finally on the verge of forming a coalition government. The euro extended yesterday’s rally, which was triggered by the hawkish European Central Bank minutes, as the German political headlines ended months of uncertainty.

US Dollar Retreats as Economic Data Reveals Signs of Lagging Inflation

The US dollar declined against the euro on Thursday following economic data in the United States that showed a small drop in prices at factory gates, which is an important indicator of inflation. The greenback also retreated against the British pound, despite the lack of positive releases in the United Kingdom today.

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

The EUR/USD currency pair today rallied to new highs during the early American session after the release of US CPI data by the Bureau of Labor Statistics. The currency pair had earlier dropped to new daily lows after an increase in US Treasury bond yields, which increased demand for the greenback.

British Pound Hits New Lows on Brexit Deal and Positive NFP Data

The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session.

US Dollar Erases Earlier Losses Against Euro Despite Weak Consumer Spending

The US dollar erased earlier losses against the euro on Wednesday, even as lower than expected data for consumer spending on core retail items weighed on the US currency. The greenback received additional pressure from a big drop in manufacturing activity in New York.

US Dollar Declines Against Major Peers Despite Upbeat Inflation Data

The US dollar fell against a basket of its major peers on Tuesday, despite an economic report that showed stronger inflation than expected last month. The greenback further weakened against the euro as the German economy displayed solid growth in the third quarter of 2017, which supported the shared currency.

Euro Hits 4-Month Lows Against US Dollar on Draghi Speech

The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session.

US Dollar Rallies Against Peers on Strong Services PMI Data

The US dollar today rallied against its main peers such as the euro and the British pound after the release of positive Services PMI data. The US dollar recovered from a poor showing after the release of non-farm payrolls data in the early North American session.

USD/CAD Sinks to New Lows on Labor Market Reports

The US dollar today weakened against its Canadian counterpart after the release of upbeat Canadian employment data by Statistics Canada. The release of disappointing US non-farm payrolls report also contributed to the USD/CAD currency pair’s decline.

US Dollar Falls Against Euro Ahead of New Federal Reserve Chair Announcement

The US dollar declined against the euro on Thursday as investors anticipated the announcement of the new Federal Reserve Chair. The greenback failed to climb despite positive data releases today, which showed strong nonfarm productivity and fewer applications for unemployment benefits.

Navigation

Menu