Larry Kudlow — News Archive

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Kiwi Declines Even as Manufacturing Sector Returns to Expansion

The New Zealand dollar was soft today despite positive domestic macroeconomic data. The main reason for the currency’s weakness was the risk-off market sentiment that was driving commodity currencies lower. Over the week though, the kiwi was one of the strongest currencies on the Forex market thanks to the surprise monetary decision of New Zealand’s central bank.

Canadian Dollar Falls on Risk-Off Mood and Weak Retail Sales

The Canadian dollar today fell against its US counterpart as investors ignored upbeat crude oil prices and bought the safe-haven greenback as geopolitical risks mounted. The USD/CAD currency pair today rallied higher following the release of disappointing Canadian retail sales data in the American session before giving up most of its gains.

Chinese Yuan Stabilizes As Tensions With US Remain High

The Chinese yuan is stabilizing Tuesday after it cratered 2% against the US dollar to kick off the trading week. But the pause in yuan’s collapse might be temporary because the White House continues to apply pressure to the world’s second-largest economy, particularly as officials discuss labeling Beijing a currency manipulator. Investors will now look to China’s trade numbers on Wednesday.

Chinese Yuan Weakens As Trade Talk Hopes Fade

The Chinese yuan is weakening against several major currency rivals to kick off the trading week, driven by investors not expecting much to come out of the renewed US-China trade negotiations this week. Traders’ hopes were dashed after one prominent White House official conceded he “wouldn’t expect any grand deal” as the world’s two largest economies hold talks.

Chinese Yuan Strengthens on Xi’s Tepid Reform Pledges

The Chinese yuan is posting modest gains against its US counterpart on Tuesday after President Xi Jinping pledged modest economic reforms. But the currency’s boost was capped by investors’ doubt that a trade agreement between the world’s two largest economies is imminent.

Chinese Yuan Rallies As Trump Invites Renewed Trade Talks

The Chinese yuan is rallying towards the end of the trading week after President Donald Trump invited Chinese officials to restart trade negotiations. The yuan, nearing a one-week high against its US counterpart, has been paring some of its losses against a basket of currencies in recent trading sessions, advancing 0.15% since Monday.

EUR/USD Rallies Briefly on ECB Decision and Draghi Speech, Later Declines

The EUR/USD currency pair today rallied briefly after a speech by the European Central Bank President Mario Draghi following the bank’s interest rate decision. The currency pair’s decline was triggered by the resurgence of the US dollar following reports that top US government officials were heading to China for talks on the ongoing US-China trade war.

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