Export — News Archive


Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines

The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session.

Euro Declines Against US Dollar on Positive US Import Data

The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session.

EUR/USD Retreats from Weekly Highs on Catalan Uncertainties

The EUR/USD currency pair today retreated from daily highs hit in the early European session due to uncertainties relating to the Catalan independence movement. The currency pair had rallied to weekly highs in the early European session following a broad-based selling of the US dollar and positive German trade balance data.

US Dollar Trades Within Tight Range Against Euro on Mixed Economic Releases

The US dollar edged slightly lower against the euro on Wednesday, as fresh economic data in the United States painted a mixed image of the economy a single day ahead of gross domestic product data. An index of the US dollar’s strength against a basket of major currencies posted a bigger loss today amid broader declines versus the British pound and the Canadian dollar.

Canadian Dollar Retreats as Weak Chinese Data Weighs on Metal Prices

The Canadian dollar weakened against its US counterpart on Monday, after a decline in metal prices forced the loonie to erase some of its gains on Friday. Positive data for housing starts in April, which were released earlier today, failed to yield gains for the Canadian currency.

Japanese Yen Gains Ground After Export Report

Japanese yen is gaining ground today, heading higher against European currencies following the latest export report, and ahead of the release of the Bank of Japan minutes from the latest meeting.

Taiwan Dollar Joins Yen in Rally

The Taiwan dollar rose a little today, trading near the highest level in one week. The currency advanced as the Japanese yen rallied and the US dollar retreated, potentially helping nation’s exports.

Yuan Rises as PBoC Raises Fixing by Most Since 2010

The Chinese yuan gained today as the nation’s central bank raised its daily reference rate by the most in almost four years after yesterday’s positive trade data.

Won Rallies on Wider Current-Account Surplus

The won advanced today as South Korean current-account surplus widened last month, supporting the positive outlook for the nation’s economic growth. There are speculations that the rally was also caused by exporters who converted their earnings into the domestic currency.

Export Data Doesn’t Help Euro in Forex Trading

Eurozone’s export data isn’t helping the euro much today, as the 18-nation currency is dropping against most of its major counterparts. Concerns about the eurozone recovery persist, even though exports have increased in the periphery.