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Japanese Yen Weakens on Machine Tool Orders, Capped by GDP Gain

The Japanese yen is weakening midweek against multiple major currencies, driven by a slump in September machine tool orders. But this was offset by a jump in gross domestic product. That said, there were other data that drove down the yen on Wednesday, increasing concerns of a full-blown recession, which would come as Tokyo raised the national sales tax.

Aussie Falls Following Leading Index

The Australian dollar performed similarly to its New Zealand counterpart today, falling due to the mix of negative market sentiment and unfavorable domestic macroeconomic data.

Aussie Rallies on Risk Sentiment, Rising Leading Indicators

The Australian dollar gained today as both domestic macroeconomic data and the general market sentiment were positive for the currency.

Australian Dollar Falls After PMI Releases

The Australian dollar fell against other most-traded counterparts today after the Purchasing Managers’ Indices showed that both manufacturing and service sectors continued to expand but with a slower pace.

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

The Japanese yen is strengthening on Tuesday after new economic indexes climbed in April. This comes soon after the central bank signaled that it is willing to ease monetary policy if the economy warrants stimulus. Investors should also get a glimpse into the upcoming US-Japan trade negotiations as officials will meet with American trade representatives.

Japanese Yen Finds Support As Safe-Haven Trade in US-China Trade War

The Japanese yen is finding support midweek as investors are pouring into safe-haven assets amid the continuation of the US-China trade war. Despite traditional safe-haven assets, such as the yen and gold, surging throughout geopolitical tensions and market uncertainties, this investment play has not exactly panned out. With the trade spat escalating this month, are investors concerned that this is a battle that will linger into […]

Aussie Tanks, Driven Down by Prospects for Interest Rate Cut

The Australian dollar sank today after the central bank signaled that it may cut interest rates at its next monetary policy meeting. While market participants were already expecting a rate cut in the near future, the confirmation of the dovish outlook still hurt the currency.

US Dollar Flat As Market Weighs Influx of Data

The US dollar is trading sideways on Thursday as investors comb through the recent data. The greenback has been trading at multi-week highs in recent trading sessions, looking to maintain the momentum from 2018 when it advanced about 5% on the year.

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