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Euro Trades at 3-Month Lows Against US Dollar Ahead of FOMC

The euro today fell against the US dollar reversing yesterday’s brief recovery despite mixed releases from the euro area, which were utterly ignored. The EUR/USD currency pair’s decline saw it erase breach the critical 1.10 level as the bearish pressure mounted driven primarily by the stronger greenback.

Australian Dollar Falls on Risk Aversion, Deteriorating Business Confidence & Conditions

The Australian dollar fell against most major currencies today, with the exception of the Great Britain pound and the New Zealand dollar. The market sentiment remained in the risk-off mode, and domestic macroeconomic data was unfavorable to the currency of Australia as well.

Sterling Remains Strongest After CBI Manufacturing Report

The Great Britain pound continued to be the strongest currency on the Forex market thanks to domestic macroeconomic data. Today, a manufacturing report from the Confederation of British Industry was the reason for the sterling’s amazing performance.

NZ Dollar Reverses Earlier Losses amid Risk Aversion

The New Zealand dollar gained today after falling earlier due to mild risk aversion on the Forex market. Traders were nervous due to the threat of a hard Brexit as well as the impeachment of US President Donald Trump. There is no obvious reason why the New Zealand currency reversed its losses. Macroeconomic data released over the trading week did not paint a clear picture of the New Zealand economy as there were […]

Australian Dollar Surges Despite Wednesday’s Underwhelming Data

The Australian dollar surged against other most-traded currencies today. With Wednesday’s domestic macroeconomic data being negative, it is hard to tell what the reason for the sharp rally was. One of the possible factors boosting the Aussie were hopes for a delay of US tariffs on Chinese goods that should kick in on December 15.

Chinese Yuan Weakens As Trump Remarks Offset Manufacturing PMI

The Chinese yuan is tumbling on Tuesday after President Donald Trump told reporters that a trade agreement with China can wait. The remarks offset positive manufacturing data that showed the industry expanded for the first time in seven months. The yuan remains firmly entrenched in the 7 territory against the US dollar after appreciating on hopes of a trade agreement.

NZ Dollar Flat, Rebounding After Earlier Decline

The New Zealand dollar traded about flat against the majority of most-traded currencies today after falling earlier during the trading session. Domestic macroeconomic data released on Thursday was relatively positive but the market sentiment was unfavorable to riskier currencies.

Aussie Drops Despite Improving Business Confidence, Conditions

The Australian dollar fell against the vast majority of its most-traded rivals despite the fact that the business conditions and the business confidence improved last month. Now, traders wait for the consumer confidence index that will be released tomorrow and employment data due for release on Thursday.

Chinese Yuan Rebounds After Disappointing Data, Positive 2020 Outlook

The Chinese yuan is rebounding against multiple currency pairs on Tuesday, following an onslaught of disappointing economic data. The biggest driver of the yuan’s gains is President Donald Trump’s upcoming speech at the Economic Club of New York that is expected to announce delays to tariffs on automobiles, as well as hints on the current state of US-China trade negotiations.

Aussie Bounces Sharply After Unemployment Drops Unexpectedly

The Australian dollar climbed after the release of Australia’s employment data that showed an unexpected drop of the unemployment rate. The currency erased yesterday’s losses against most-traded rivals and managed to erase losses for the whole week versus the US dollar.

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