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PBoC Cuts RRR, Aussie Rallies

The Australian dollar rallied against major currencies today. While domestic economic data was more or less decent, the driving factor for the Aussie were efforts of Chinese policymakers to stimulate the nation’s slowing economy.

US Dollar Edges Higher on US-China Talks, Jobs Numbers

The US dollar is edging slightly higher on Thursday against several major currency rivals, driven by a potential de-escalation in US-China trade tensions and optimism over the upcoming August jobs numbers. The flurry of positive economic data also contributed to the greenback’s rebound.

Euro Crashes From Daily Highs on Upbeat US ISM Services PMI

The euro today crashed from its daily highs in the American session following the release of the upbeat US ISM non-manufacturing PMI among other positive US releases. The EUR/USD currency pair had rallied to its daily highs in the early European session driven by the news that US-China trade talks are set to resume next month.

Brazilian Real Gains on US Dollar After Services PMI Report

The Brazilian real gained on the US dollar today. And while the greenback was soft by itself, domestic macroeconomic data also helped Brazil’s currency.

Japanese Yen Weakens As Investors Easing BOJ to Prevent Recession

The Japanese yen is weakening midweek as new economic data is exacerbating recession fears. With some central bankers suggesting pre-emptive stimulus to prevent a contraction, investors are paying attention and think the world’s third-largest economy is heading for a steep contraction, even with a new trade agreement with the US later this month

Euro Rallies on Christine Lagarde’s Testimony and Weak Dollar

The euro today rallied higher following comments made by Christine Lagarde who has been nominated to head the European Central Bank. The EUR/USD currency pair today extended yesterday’s recovery as the US dollar remained on the back foot due to weak American releases.

Chinese Yuan Gets Boost from Accelerating Services Sector

The Chinese yuan gained on the US dollar today after China’s services sector showed an accelerating rate of growth last month.

Australian Dollar Rises After GDP & Services PMI Reports

The Australia dollar gained today after Australia’s economic growth matched expectations and the services sector returned to expansion.

US Dollar Flat As Weak Manufacturing Data Raises Recession Fears

The US dollar is trading flat against a basket of currency rivals to kick off the holiday-shortened trading week. Financial markets took a dive on recent data that suggests the nation’s manufacturing sector is contracting amid the lingering US-China trade war. But there are other factors that are contributing to the index’s weakness as of late, which still might not convince the bulk of investors.

Canadian Dollar Soft on Weak Manufacturing, Falling Crude Oil Prices

The Canadian dollar was soft today, dragged down by weak manufacturing data and plunging crude oil prices. The loonie did not perform that bad, though, considering all the negative factors influencing the currency.

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