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British Pound Declines Against US Dollar on UK Labour Report

The British pound today briefly rallied higher against the US dollar after the release of the UK employment data by the Office for National Statistics, which beat expectations. However, the rally was short-lived as the GBP/USD currency pair retraced all its gains within the same hour as markets reviewed the labor report.

Australian Dollar Creeps Down During Monday’s Quiet Trading

The Australian dollar was moving gradually down during the Monday’s uneventful trading session.

NZ Dollar Soft Following RBNZ Policy Decision

The New Zealand dollar was flat-to-lower today following yesterday’s policy decision announced by the Reserve Bank of New Zealand.

NZD Lower vs. USD, Stable vs. Other Majors Ahead of RBNZ

The New Zealand dollar traded lower against its US counterpart today, but was stable against other majors. Traders were waiting for tomorrow’s policy decision of the Reserve Bank of New Zealand.

Australia Dollar Falls After RBA Remains Passive

The Australian dollar fell today after Reserve Bank of Australia remained passive, showing it has no plans for raising interest rates in the foreseeable future.

US Dollar Remains Stable After Week of Important Events

The US dollar ended the week on a relatively strong footing considering how many important events happened during the past week’s trading, which could have hurt the currency.

Czech Koruna Trades Higher Following Interest Rate Hike

The Czech koruna edged up against the US dollar during the current trading session after the nation’s central bank hiked its interest rates.

Pound Crashes After Dovish Hike by BoE

The Bank of England hiked its main interest rate for the first time in a decade as was widely expected, but markets considered the hike to be a dovish one. The Great Britain pound crashed as a result, falling more than 1% against its most-traded peers.

Japanese Yen Weakens as Bank of Japan Maintains Stimulus Easing Stance

The Japanese yen weakened against other major currencies on Tuesday as the Bank of Japan kept its interest rates unchanged and maintained its position on stimulus easing. The nation’s central bank also updated its outlook for inflation in 2017 and 2018, while keeping the 2019 forecast without a change.

Pound Falls as Optimism Caused by Strong GDP Growth Fades

The Great Britain pound fell against its major rivals (though not against the extremely weak euro) as optimism caused by yesterday’s better-than-expected economic data was replaced by caution ahead of the central bank’s meeting.

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