House Prices — News Archive

    Archives

Chinese Yuan Weakens as US-China Trade Talks Begin, Housing Disappoints

The Chinese yuan is weakening against a handful of currency rivals on Thursday as the world’s two largest economies begin low-level trade negotiations in Washington. With analysts anticipating economic growth to slip under 6%, and new housing data falling short of market expectations, Beijing is feeling bearish. A trade deal might be the only thing that saves the country.

Australian Dollar Trades Lower After RBA Minutes

The Australian dollar declined today against other most-traded currencies. While the general market sentiment was unfavorable to riskier commodity currencies, analysts argued that the main reason for the Aussie’s decline was the release of the central bank’s monetary policy minutes. Domestic macroeconomic data was poor but better than pessimistic forecasts.

Pound Soft Despite Improving RICS House Price Balance

The Great Britain pound traded either flat or lower against its most-traded rivals today. Housing data released overnight showed a slight improvement in the market, but it provided little support to the currency.

US Dollar Rallies As Investors Renew Risk Appetite

The US dollar is rallying against a handful of competing currencies on Tuesday as investors have renewed their appetite for risk. With the US-China trade situation deescalating in recent days, traders have resuscitated their interest in the greenback, though financial markets remain in the red. Modest gains in housing data also lifted the buck.

Chinese Yuan Tries to Find Direction on Slowing GDP, Strong Data

The Chinese yuan is struggling to find direction to kick off the trading week after economic growth slowed to its lowest level in nearly three decades. But it was not all bad news for the world’s second-largest economy as an influx of data came in better than expected, giving the yuan some support.

Pound Soft on Contracting Construction, Carney’s Comments

The Great Britain pound was one of the weakest currencies on the Forex market during Tuesday’s trading session. The likely reasons for that were poor domestic macroeconomic data and comments from the central bank’s chief.

Aussie Declines for Fifth Session on RBA Interest Rate Cut Prospects, Economic Data

The Australian dollar fell today, declining for the fifth consecutive trading session versus such majors as the US dollar and the Japanese yen. While the Aussie also fell against the euro initially, the shared currency of the eurozone has lost its gains by now. The reasons for the decline of Australia’s currency were the prospects for additional interest rate cuts from the Reserve Bank of Australia and unfavorable Australian macroeconomic data released during the Tuesday’s session.

Great Britain Pound Attempts to Recover After Starting Session Weak

The Great Britain pound is currently attempting to recover after starting trading very weak. The sterling was soft due to the downgrade of economic forecasts and persisting concerns about probability of a “hard” Brexit.

Pound Rises amid Calm Trading, Housing Data Supports

The Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

Pound Rallies on Domestic Data, Brexit Optimism

The Great Britain pound preserved at the beginning of the Thursday’s trading session gains it has achieved on Wednesday. The currency’s good performance was a result of largely positive domestic macroeconomic data and the hopeful outlook for the Brexit.

Navigation

Menu