Retail Sales — News Archive

    Archives

Euro Rallies on Upbeat Sentiment, Positive Euro Area PMIs and Weak Dollar

The euro rallied higher, boosted by the positive manufacturing PMI prints from across the euro area released by Markit Economics in the early European session. The EUR/USD currency pair also benefitted from the dollar’s overall weakness driven by falling US 10-year Treasury yields and the upbeat investor risk appetite.

USD/JPY Rises As BoJ Signals Tightening to Enable Price Stability

The Japanese yen is extending its 2021 weakness on Tuesday as lackluster economic data weighed on the conventional safe-haven asset. The yen has been struggling this year, with investors struggling to maintain confidence in the country’s economic recovery and concerns over the nation’s increasing number of COVID-19 cases. Where is the yen heading?

Pound Rallies on Upbeat UK Retail Sales Report and Positive Sentiment

The Sterling pound rallied against the dollar boosted by the upbeat UK retail sales report released earlier today as investor appetite for the pound remained high. The GBP/USD currency pair’s gains were limited by worries that the EU could halt vaccine shipments to the UK, slowing down its vaccination programme and retaliatory Chinese sanctions.

Canadian Dollar Falls Against US Peer Despite Upbeat Retail Sales Data

The Canadian dollar fell against its Southern neighbor for the second consecutive session despite the release of upbeat fundamental data from Canada. The USD/CAD currency pair initially fell as the loonie benefited from rising global crude oil prices, but the decline was short-lived as the pair later rallied higher.

USD/CAD Tests 1.25 As Falling Crude Prices, Fed Meeting Weigh on Loonie

The Canadian dollar is modestly sliding against its US peer in the middle of the trading week, ostensibly hitting the pause button as one of the world’s top-performing currencies. The loonie is paring its gains mostly on falling energy prices, as well as investors seeking shelter in conventional safe-haven assets, like the US dollar and the Swiss franc. But what about domestic data?

Pound Falls Against Dollar on Dovish Bailey Comments, Later Recoups Losses

The Sterling pound fell against the dollar as markets reacted to dovish comments by the Bank of England Governor regarding the bank’s bond purchases. The GBP/USD currency pair recovered most of its losses later in the session largely due to the dollar’s weakness as more European countries halted AstraZeneca’s vaccine’s rollout.

US Dollar Flat As Investors Wait for Federal Reserve Guidance

The US dollar is trading relatively flat against many of its major currency rivals. Economic data and the looming Federal Reserve meeting were in focus for investors, with Treasury yields taking a breather. The broader financial markets were quiet, too, as traders take a wait-and-see approach ahead of the two-day policy meeting.

Chinese Yuan Flat amid Strong Economic Data, PBoC Action

The Chinese yuan is posting modest gains against its US counterpart to start the trading week, with strong economic data and additional monetary policy actions in focus. Following last year’s monumental 7% ascent and its modest performance in early 2021, the yuan has cooled down, trading relatively flat in recent weeks. Will the yuan rest 6.49 against the greenback?

Euro Weak Before Week of ECB Decision

The euro was weak today, falling against the vast majority of its most-traded peers. US nonfarm payrolls did not have a lasting impact on the currency. While the euro sank sharply immediately after the release of US employment data, the shared 19-nation currency rebounded quickly just to resume the gradual decline it has been experiencing throughout the trading session.

Australian Dollar Trims NFP-Induced Losses

The Australian dollar has been moving lower throughout Friday’s trading session and dipped sharply after the release of US nonfarm payrolls. But by now, the Aussie has trimmed losses versus its rivals and even tried to log small gains against some of them, though failed, at least at the time of writing. Macroeconomic data in Australia itself was mixed.

Navigation

Menu