Economic Outlook — News Archive

    Archives

Japanese Yen Mixed After BoJ Expands Stimulus

The Japanese yen was mixed today after the Bank of Japan boosted measures to stimulate the national economy at today’s shortened one-day meeting. The currency fell against the Australian and New Zealand dollars as well as the Great Britain pound but managed to gain on the US dollar and the Swiss franc.

Australian Dollar Trades Lower After RBA Minutes, Drop of Crude Oil Below $0

The Australian dollar fell against almost all of the most-traded currencies today with the exception of the New Zealand dollar. The main reasons for the decline were the negative market sentiment and the dovish outlook for the monetary policy of Australia’s central bank.

Euro Falls Against US Dollar on Mixed German Gfk and IFO Data

The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries.

Swiss Franc Soft After Economic Growth Outlook Downgrade

The Swiss franc was very soft today after the downgrade of Switzerland’s economic growth outlook. The Swissie fell against major rivals and lost earlier gains versus commodity currencies.

US Dollar Ends Week Mixed on Dovish Fed, Fears of Recession

The US dollar ended the past trading week mixed, gaining on some currencies and falling versus others. While the unexpectedly dovish Federal Reserve hurt the currency strongly, it had some support from risk aversion. The same risk-off sentiment made other safe-haven currencies, like the Japanese yen and the Swiss franc, clear winners for the week.

Swiss Franc Gains Despite SNB Keeping Negative Interest Rates

The Swiss franc rallied against most major currencies today, with the exception of the US dollar, which was rebounding after yesterday’s losses. Markets largely ignored the monetary policy meeting of the Swiss National Bank.

Aussie Falls Despite Improved RBA Economic Outlook, China’s PPI Weighs

The Australian dollar was soft today, falling against the euro and the Japanese yen for the first time after six sessions of gains in a row. Market analysts pointed at China’s slowing producer inflation as the most likely culprit in the currency’s decline.

NZ Dollar Rallies Intraday, Trims Gains Later

The New Zealand dollar rose today, though the currency has trimmed its gains by now, losing them outright against some rivals.

Australian Dollar Shows Resilience in Face of Adverse Fundamentals

The Australian dollar managed to hold its ground, trading near the opening level against its major peers, despite fundamentals that were rather unfavorable to the currency today.

Swiss Franc Gains Boost from Risk Aversion & Economic Outlook

The Swiss franc gained against most other major currencies today, with the exception of the US dollar. The risk-negative market sentiment and the optimistic outlook for Switzerland’s economy helped the currency.

Navigation

Menu