IHS Markit — News Archive

    Archives

Sterling Shows Resilience in Face of Poor Data from Britain

The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor.

Euro Drops Against US Dollar on Mixed Eurozone Manufacturing PMIs

The euro today declined against the US dollar following the release of mixed manufacturing PMI data from across the euro area. The euro’s decline was further accelerated by renewed demand for the US dollar fueled by the risk-on investor sentiment.

Pound Pares Gains Caused by Better-Than-Expected Manufacturing PMI

The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now.

Canadian Dollar Reverses Rally, Follows Crude Oil in Decline

After rallying earlier today, the Canadian dollar fell against its most-traded peers, following the slump of crude oil prices.

US Dollar Rallies Higher on Manufacturing PMI Releases

The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales in favor of the greenback.

Pound Spikes Higher on BoE Rate Decision, Declines on Brexit Worries

The British pound today declined against the US dollar after the Bank of England left its monetary policy intact including the bank rate and the asset purchase program. The pound initially spiked higher following the BoE announcement, but quickly headed lower as investor sentiment towards the pound shifted on Brexit worries.

EUR/USD Declines Sharply on Weak Eurozone Markit PMIs

The EUR/USD currency pair today declined sharply following the release of weak Eurozone Flash PMIs by IHS Markit in the early European session. The pair’s decline was triggered by disappointing PMI reports such as the Markit Germany Composite PMI, which came in below expectations.

Euro Rallies Against US Dollar on North Korea Progress

The euro today rallied higher against the US dollar as investors embraced the risk-on mood in the market after it emerged that  North Korea was considering possible denuclearization. The news emerged from talks between North Korea and its Southern counterpart, and its impact was significant enough to outweigh the effect of the Italian general election on the single currency.

Euro Mixed After European Elections, Disappointing Economic Reports

The euro fell against the US dollar intraday but has managed to recover by now. Against other majors the shared 19-nation currency was mixed, rising against the safe currencies, like the Japanese yen, but falling versus the Great Britain pound. The major driver for the currency were European election on the weekend.

Euro Declines on Markit Eurozone PMI Data, Later Rebounds

The euro today traded lower against the US dollar after the release of mixed Markit PMI data from across the euro area in the early European session. The euro also headed lower shortly after the release of US personal consumption expenditure report in the early American session.

Navigation

Menu