Industrial Production — News Archive

    Archives

Euro Rallies Higher on Market-Wide US Dollar Retracement

The euro today rallied higher against the US dollar following the market-wide selling of the US dollar, which boosted most of its peers. The EUR/USD currency pair rallied higher from the early European session despite the release of mixed data from the German docket.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

Japanese Yen Falls, Failing to Profit from Positive Data

Macroeconomic data released in Japan today was good, but the Japanese yen fell nevertheless. It looks like market participants continued to eschew currencies perceived to be a safe haven.

Australian Dollar Lower on Risk Aversion, Economic Data

The Australian dollar was extremely soft against other most-traded currencies, with the notable exception of the euro, as the unexpectedly dovish policy statement of the European Central Bank as well as the threat of the US-China trade war put the market into the risk-off mode. Macroeconomic data in Australia and Australia’s biggest trading partner, China, hurt the Aussie as well.

Euro Soft After Bunch of Weak Economic Releases from Eurozone

The euro fell against its major rivals today after the release of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level.

USD/CAD Rallies Higher on Canadian Jobs Report, Later Declines

The USD/CAD currency pair today rallied higher after the release of the Canadian employment report for May, which missed expectations by a huge margin. The currency pair later retraced most of its gains as the markets digested the positive aspects of the report, while trade concerns limited the currency pair’s upside.

Euro Drops Against a Strong US Dollar Amid Mixed Eurozone Data

The euro today registered a significant drop against the US dollar from the mid-European session following high demand for the greenback boosted by higher US Treasury yields. Mixed data from a cross the Eurozone such as the weak German GDP data released earlier today also contributed to the euro’s weakness against the greenback.

Australian Dollar Stable After RBA Minutes & China’s Data

The Australian dollar was rather stable today, rising against some rivals and falling versus others, but only just a little bit. Fundamentals were somewhat mixed, giving the currency no help in finding direction. Among important events during the current trading session were the policy minutes from the Reserve Bank of Australia and China’s macroeconomic releases.

British Pound Drops Against US Dollar on BoE Rate Decision

The British pound today dropped significantly against the US dollar after the Bank of England left its monetary policy unchanged to the disappointment of many investors. The GBP/USD currency pair had initially rallied higher in the early European session despite the release of weak UK trade balance data in anticipation of the BoE rate decision.

EUR/USD Rallies From New 2018 Lows on Positive Market Sentiment

The EUR/USD currency pair today rallied from a new 2018 low set in the late Asian session based on improved investor sentiment towards the single currency. The currency pair’s rebound from its lowest levels since December 22 could have been triggered by technically oversold levels, which led to widespread short-covering trades.

Navigation

Menu