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NZ Dollar Stable Despite Drop in Overseas Trade Index

The New Zealand dollar was stable today, staying flat against most of its rivals and even gaining on some of them. That is despite the worse-than-expected trade report released on Wednesday.

Australian Dollar Flat Despite Better-than-Expected GDP

The Australian dollar was trading flat today even though Australia’s gross domestic product rose more than was expected and the central bank’s chief delivered a rather optimistic speech.

AUD/NZD in Freefall After 1.0474 Gave Way

The Australian versus the New Zealand dollar currency pair is under heavy bearish pressure. Could the bulls still do something to rectify the situation?

Canadian Dollar Strengthens on Q3 GDP, Manufacturing PMI Growth

The Canadian dollar is strengthening against its US counterpart on Tuesday, buoyed by third-quarter economic growth and rebounding manufacturing activity. But the loonie’s rally was capped by sliding crude oil prices amid uncertainty over the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, regarding output in 2021.

US Dollar Drops amid Risk Appetite, Outlook for Stimulus

The US dollar fell against a basket of currencies today as risk appetite on the market limited demand for safety provided by the greenback, while the outlook for stimulus in the United States further damaged the appeal of the US currency.

Australian Dollar Mixed After RBA Meeting, China’s Manufacturing PMI

The Australian dollar did not show a clear trend today. The Reserve Bank of Australia left its monetary policy unchanged at its last policy meeting this year, as was widely expected. China’s macroeconomic data was helpful to the Australian currency.

Consolidation Phase Above 1.3261 on GBP/USD?

The Great Britain pound versus the US dollar currency pair seems to have already started a consolidation. But is this really a consolidation, or are the bears preparing a new fall?

Australian Dollar Soft on Mixed Domestic Data, China’s Trade Conflicts

The Australian dollar was soft today, trading either flat or lower versus other most-traded currencies. Domestic macroeconomic data was mixed, giving no help to the currency. Better-than-expected economic releases in China were unable to provide a boost either.

NZ Dollar Flat-to-Higher After Domestic & Chinese Economic Reports

The New Zealand dollar traded largely flat today, though it managed to gain on some of the majors, including the US dollar. The kiwi got a boost from positive domestic macroeconomic data as well as better-than-expected reports in China.

Bulls Still on Course to 0.7587 on AUD/USD?

The Australian versus the US dollar currency pair seems to be escaping the bearish force that rests between the 0.7300 and 0.7400 areas. Did the bears really give up?

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