Economic Outlook — News Archive

    Archives

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.

Pessimistic Economic Outlook Weighs on Pound

The Great Britain pound was soft today due to the pessimistic economic outlook for the United Kingdom. Decent macroeconomic data was unable to rescue the currency.

Euro Rallies Briefly Against US Dollar on Disappointing US Data

The euro today rallied higher briefly against the US dollar after the release of disappointing US advance goods trade balance in the early American session. The pair was on a downtrend for most of the European session despite the release of the OECD Economic Outlook report in the early European session.

Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook

The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones.

Navigation

Menu