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NZ Dollar Rallies Intraday, Trims Gains Later

The New Zealand dollar rose today, though the currency has trimmed its gains by now, losing them outright against some rivals.

Japanese Yen Jumps on Renewed Cooperation With China

The Japanese yen is posting modest gains against its US counterpart on Thursday after the Chinese government encouraged renewed economic cooperation with the world’s third-largest economy. The yen received a slight shot in the arm on various surveys that show a boost in key sectors. 

Australian Dollar Mixed, Fundamentals Don’t Help to Find Direction

The Australian dollar was mixed today, trading basically flat against its US counterpart, rising against the euro, but falling versus the Japanese yen. Fundamentals, which were mixed themselves, did not help the currency to find a direction.

US Dollar Looks Ahead to September Jobs Report After Strong Week of Data

The US dollar is continuing to post incredible gains against several currencies on Thursday after an impressive week of domestic economic data and global developments. The greenback will now look ahead to the September jobs report on Friday, which is expected to come in strong.

Great Britain Pound Gains on Positive Brexit News

The Great Britain pound gained today on news that Ireland backed the Brexit plans of Britain’s Prime Minister Theresa May that would allow to avoid a border on the island. The currency was unable to outperform the very strong Japanese yen, though.

Chinese Yuan Finding Direction on Record Household Debt, Stalling Manufacturing Growth

The Chinese yuan is struggling to find direction midweek after new data questioned if the world’s second-largest economy is healthy enough to sustain its trade war with the US. Manufacturing growth stalled in September, household debt surged to a record high in 2017, and the government showed that it is willing to slash its import tariffs in the global trade dispute.

Unexpected Drop of Building Approvals Hurts Australian Dollar

The Australian dollar fell today as building approvals fell in August unexpectedly. The positive market sentiment was unable to rescue the currency.

Great Britain Pound Up After Brexit News

The Great Britain pound gained on its most-traded rivals today on the reports that the United Kingdom is willing to compromise to reach a trade deal with the European Union. The currency has trimmed its gains by now but was trading above the opening level against most peers, though retreated to the opening level versus the US dollar.

Aussie Little Changed Following Mixed Macroeconomic Data

The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed.

Chinese Yuan Gains Amid Bearish Economic Forecasts

The Chinese yuan is gaining at the end of the trading week despite several bearish forecasts pertaining to the short-term outlook of the national economy and the currency. This comes one day after the yuan extended its losing streak to six months, the longest in 26 years, after shedding 4% against the greenback in the third quarter.

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