Manufacturing — News Archive

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New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention

New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now.

British Pound Drops Slightly on Mixed UK Economic Releases

The British pound today dropped slightly against the US dollar following a deluge of mixed releases from the UK docket including the crucial manufacturing production data. The GBP/USD’s decline was further accelerated by profit taking as most traders closed their trades following the currency pair’s massive rally, which started on Friday last week.

Euro Drops Against US Dollar on Mixed Eurozone Manufacturing PMIs

The euro today declined against the US dollar following the release of mixed manufacturing PMI data from across the euro area. The euro’s decline was further accelerated by renewed demand for the US dollar fueled by the risk-on investor sentiment.

Pound Pares Gains Caused by Better-Than-Expected Manufacturing PMI

The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now.

Aussie Gains After RBA & Economic Releases

The Australian dollar gained on its most-traded peers today even as the nation’s central bank remained passive and macroeconomic reports released over the trading session were rather unimpressive for the most part.

Canadian Dollar Reverses Rally, Follows Crude Oil in Decline

After rallying earlier today, the Canadian dollar fell against its most-traded peers, following the slump of crude oil prices.

US Dollar Rallies Higher on Manufacturing PMI Releases

The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales in favor of the greenback.

Australian Dollar Declines on China’s Data, Trade War Fears

The Australian dollar fell today after negative macroeconomic data from China and signs that the United States and China are close to starting a full-blown trade war.

Japanese Yen Falls as Macroeconomic Data Disappoints

The Japanese yen was flat versus the US dollar and lower against other major currencies today after the release of disappointing macroeconomic reports in Japan.

Pound Spikes Higher on BoE Rate Decision, Declines on Brexit Worries

The British pound today declined against the US dollar after the Bank of England left its monetary policy intact including the bank rate and the asset purchase program. The pound initially spiked higher following the BoE announcement, but quickly headed lower as investor sentiment towards the pound shifted on Brexit worries.

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