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Euro Hits New Monthly Highs on Positive Eurozone CPI and Weak Dollar

The euro today rallied to new monthly highs buoyed by positive CPI data from the euro area combined with a weak US dollar. The EUR/USD currency pair today rallied to new highs based on positive geopolitical events related to Brexit and the US-China trade war.

Sterling Volatile amid Brexit Uncertainty, Disappointing Data

The Great Britain pound was extremely volatile today, sinking intraday but bouncing later. Currently, the sterling is trading above the opening level. The main reason for the currency’s volatile moves was uncertainty over the Brexit, though today’s mostly underwhelming macroeconomic data also had its negative impact on the pound.

New Zealand Dollar Declines Even as Inflation Beats Expectations

The New Zealand dollar declined today despite inflation data that came out better than was expected. There were several possible reasons for the currency’s decline, both domestic and global. Domestically, the monetary policy outlook remained dovish despite the better-than-expected inflation report. Globally, increasing geopolitical tensions between the United States and China over Hong Kong and the global economic slowdown lessened the appeal of riskier commodity-related currencies. Currencies […]

Swedish Krona Rallies After Inflation Beats Expectations

The Swedish krona rallied against its major rivals today. That included the Great Britain pound, but the sterling has managed to rebound by now thanks to the positive Brexit headlines. The main reason for the krona’s rally was better-than-expected inflation data.

Pound Rallies on Positive Brexit Meeting Between Johnson and Varadkar

The British pound today rallied to new 5-day highs against the US dollar after a positive meeting between Boris Johnson and the Irish Prime Minister Leo Varadkar. The GBP/USD currency pair had attempted to rally early in the London session, but was derailed by mostly negative UK macro releases and fell back to its opening lows.

Euro Rallies on Mixed Trade Headlines Despite Weak German Data

The euro today rallied higher against the US dollar, which was under intense selling pressure as investors cautiously waited for US-China trade talks to resume. The EUR/USD currency pair rallied higher despite weak macro releases from Germany in the early European session mainly driven by positive investor risk sentiment.

Swiss Franc Mixed As Retail Sales, Manufacturing Slump

The Swiss franc is mixed against currency competitors on Thursday after new data highlighted a slumping retail sector and a bearish manufacturing industry. Despite the central bank trying to do everything it can to debase the franc, investors are still pouring into the safe-haven asset and boosting the franc’s value.

Euro Softer After Slew of Macroeconomic Reports

The euro fell against the US dollar as well as some other major currencies after the release of a slew of macroeconomic reports in Europe today. Market experts attributed the euro’s decline to the weaker-than-expected inflation data. Unemployment reports, on the other hand, were surprisingly good.

Japanese Yen Weak After Tokyo Inflation Misses Expectations

The Japanese yen was largely weak after the release of disappointing inflation data, though managed to stay about flat versus the vulnerable Great Britain pound.

Japanese Yen Mixed After BoJ Minutes, Domestic Data

The Japanese yen did not demonstrate a clear trend today, falling versus the US dollar and the Swiss franc, gaining on the Great Britain pound, and staying flat versus the euro. Monetary policy minutes of Japan’s central bank reiterated the possibility of additional monetary easing. Domestic macroeconomic data was mixed.

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