The Australian dollar was mixed today as market participants were digesting news about the coronavirus that has started in China. The Aussie was flat against a range of major currencies, jumped versus the Canadian dollar, and dropped against the Great Britain pound. Macroeconomic reports released in Australia today were poor.
The Japanese yen is weakening against most of its currency rivals on Thursday as consumer confidence tumbled in December and recent investment numbers turned heads in Tokyo. The yen had rallied in the wake of the escalation in the US-Iran conflict, but with Middle East tensions abating investors resuscitated their risk appetites.
The Japanese yen is trading relatively flat against some of the most-traded currencies in the market as a string of disappointing data has elevated recession talk. After some reprieve from bearish data, it looks like the world’s third-largest economy is still unable to rejuvenate growth, despite the government’s planned $120 billion stimulus. The question that is now dominating global financial markets is: What’s next?
The Australian dollar logged gains against the majority of other most-traded currencies today. Market analysts explained gains of riskier commodity currencies by the rise of European stocks due to the preliminary trade agreement between the United States and China. Experts were skeptical, though, about the longevity of the gains as the US-China trade conflict is not over yet, and there are other reasons to worry, like the threat of hard Brexit and impeachment of US President Donald […]
The Japanese yen is trading relatively flat on Thursday as investors try to cope with a diverse array of negative economic data that will add to fears of a recession. Falling retail sales and slumping foreign bond investment are dominating trading patterns, but analysts will keep an eye on upcoming jobs, housing, and industrial numbers.
The Japanese yen is falling against some of its major currency rivals to kick off the trading week. Key economic indexes drove the yen’s slide, which comes days after disappointing factory activity data. Since the federal government is expected to unleash stimulus measures, can Tokyo turn the ship around and prevent slipping into a recession?
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.
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.
The Australian dollar gained today as both domestic macroeconomic data and the general market sentiment were positive for the currency.
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.
