Elections — News Archive

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Japanese Yen Gains vs. US Dollar, Falls vs. Other Majors

The Japanese yen rose against the US dollar today but fell against other major rivals. The drop followed last week’s substantial gains.

Japanese Yen Stable After Announcement of Snap Election

The Japanese yen was stable today despite the announcement of a snap election in October.

Euro Declines Against US Dollar on Positive US Data

The euro today declined against the US dollar on the back of positive US macro data including the durable goods orders and the weak MBA mortgage applications data. The euro was weighed down by the political uncertainties in Germany even as Angela Merkel is expected to form a three-way coalition government.

NZ Dollar Under Pressure from Election Outcome, Poor Data

The New Zealand dollar fell for the second consecutive day today, driven down by the outcome of the weekend general election as well as today’s macroeconomic data that was extremely poor.

Euro Falls for Second Day After German Election

The euro fell today, retreating for the second day in a row, as the inconclusive outcome of the German federal election over the weekend led to political uncertainty in Europe.

NZ Dollar Rises to Highest in More Than a Month

The New Zealand dollar rose today, reaching the highest level since August 7 and gaining for the fourth consecutive day on the Japanese yen. The currency got support from opinion polls regarding the upcoming general election in New Zealand and the current account report.

Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum

The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend.

EUR/USD Trades in a Narrow Range on Empty Dockets

The EUR/USD currency pair today traded in a tight range with minimal movement given the empty US and EU dockets. There were no major factors that could influence the direction of the currency pair, however, the US dollar strengthened against the euro later in today’s session.

Dollar Ends Week Stronger vs. Euro & Pound, Weaker vs. Commodity Currencies

The past trading week was marked by several important events, and they were positive for the US dollar for the most part. As a result, the greenback rallied against the euro and the Great Britain pound, but was soft versus commodity currencies.

Great Britain Pound Posts Heavy Losses as Hung Parliament Becomes Reality

The Great Britain pound experienced heavy losses during the Asian trading session on Friday after Britain’s snap election resulted in the worst possible outcome — a hung parliament.

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