Trade Balance — News Archive

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Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens

The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month.

EUR/USD Trades Sideways on ECB Speeches and Mixed US Data

The EUR/USD currency pair today traded sideways by rallying higher in the late Asian session and early European session before heading lower. The currency pair declined despite speeches from European Central Bank members, but later rallied higher on mixed US data.

GBP/USD Hits New 3-Week Lows on Mixed UK Data

The GBP/USD currency pair today dropped to new 3-week lows following the release of weak UK industrial production and trade balance data. The pair’s decline was further accelerated by a rebound in the US dollar demand supported by the sell-off across most European equities.

Aussie Weakens After Starting Session Strong

The Australian dollar started the current trading session strong but eased down since then, trimming gains against some rivals and losing them completely against others.

Loonie Follows Crude Oil in Decline, Ignoring Increase in Building Permits

The Canadian dollar fell against its most-traded peers today (though not against the surprisingly soft euro) even after a report revealed that Canadian building permits climbed by more than two times the forecast amount in December. The likely reason for the drop was the decline of crude oil prices.

EUR/USD Trades Lower Amid Resurgence in US Dollar Demand

The EUR/USD currency pair today traded lower following a resurgence in US dollar demand during the European and early American sessions. The currency pair rallied higher during the Asian session as investors bought the low-yielding euro after European stocks joined the global equities sell-off.

AUD Falls After Economic Data & RBA, Moves Away from Day’s Lows

The Australian dollar dropped today following the release of unfavorable macroeconomic reports and continued to move down after the Reserve Bank of Australia made its monetary policy decision. The currency has come off the day’s lows by now, though it is still trading below the opening level.

NZ Dollar Behaves Similar to Aussie, Ignoring New Zealand Trade Balance

The New Zealand dollar fell earlier today but has bounced by now, behaving similar to its Australian counterpart. The trade balance report released close to the end of the previous trading session provided a positive surprise, but it had a negligible impact on the currency.

Japanese Yen Gains as Manufacturing Accelerates

The Japanese yen managed to rise against a range of its most-traded peers, including the US dollar and the euro, despite mixed macroeconomic data released in Japan over the trading session.

Euro Rallies Higher Despite Lack of Major Economic Data

The euro today rallied higher against the US dollar despite the lack of any major economic releases from the Eurozone, while US markets remained closed. The euro’s rally was largely triggered by the aggressive selling of the US dollar across the board.

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