Industrial Production — News Archive

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US Dollar Mixed on Better-Than-Expected Industrial, Manufacturing Output

The US dollar is mixed against several major currency rivals on Tuesday after the latest industrial and manufacturing output numbers were published. But global financial markets are bracing for the Federal Reserve’s decision on interest rates, which the market is now split on. In the backdrop is low-level US-China trade discussions restarting later this week.

Chinese Yuan Surges Despite Data Falling Short of Expectations

The Chinese yuan is strengthening against major currency rivals to kick off the trading week, despite recent economic data falling short of expectations. Investors seem to be more bullish on US-China trade optimism, partially ignoring the latest industrial and retail sales numbers.

Mexican Peso Mixed on Weak Industrial Output, Expected Rate Cuts

The Mexican peso is mixed against a basket of currencies to end the trading week. Investors are combing through the nation’s latest industrial production numbers for July, while also monitoring monetary policy. With inflation lower than what central banking officials want and the economy enduring immense uncertainty, analysts are unsure how the government will tackle the situation.

Euro Stable Despite Poor Eurozone Data, ECB Policy Outlook

The euro fell a bit versus some rivals but was about flat versus most of them on Tuesday. That was a surprisingly good performance considering that eurozone macroeconomic data released during Tuesday’s session was universally bad. The monetary policy outlook was also negative for the currency.

Pound Rallies on Upbeat UK GDP and Positive Brexit Events

The Sterling pound today rallied to new 6-week highs following the release of upbeat monthly UK GDP estimate in the early London session. The GBP/USD currency pair recovered from Friday’s pullback amid renewed investor optimism that a hard Brexit could be avoided.

Euro Recovers as US NFP Report Misses by a Wide Margin

The euro today rallied from its daily lows after the release of the disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had been under intense selling pressure following the release of weak German industrial production data earlier today.

Brazilian Real Gains on US Dollar Despite Deteriorating Industrial Production

The Brazilian real managed to gain on the US dollar today. That is despite the fact that Brazil’s industrial production continued to decline last month.

Mixed Domestic Economic Indicators Don’t Prevent Rally of Yen

The Japanese yen was strong today. Some market analysts speculated that the reason for that was the worsening market sentiment. But the Swiss franc, another safe currency, was soft today, making such speculations questionable. While there were plenty of macroeconomic indicators in Japan today, they were mixed and gave little help to the currency in finding direction.

US Dollar Mixed on Data, Lingering Trade Conflict

The US dollar is mixed against a myriad of currencies to finish the trading week. The greenback is contending with various economic numbers, geopolitical developments, and market events to carve out a concrete direction, which might be the case for the next several trading sessions. The next month might be pivotal for the buck’s performance for the remainder of 2019.

Chinese Yuan Mixed on Weaker Industrial Output, Surging Home Prices

The Chinese yuan is having a mixed trading session against multiple currencies, driven by varied economic data. The biggest story for China was its July industrial production being worse than what the market had expected, though it was somewhat offset by soaring housing prices in the world’s second-largest economy. The yuan may not be able to strengthen against a basket of currencies until the trade war is finally over.

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