Trade Balance — News Archive

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EUR/USD Trades Sideways as US Dollar Rally Wanes, Later Declines

The EUR/USD currency pair was in a consolidative phase during the Asian session even as US Treasury yields hit new highs overnight and the greenback rally lost some momentum. The release of the German wholesale price index in the early European session was one of the triggers behind the currency pair’s decline as the euro weakened against the US dollar.

British Pound Drops Against US Dollar on BoE Rate Decision

The British pound today dropped significantly against the US dollar after the Bank of England left its monetary policy unchanged to the disappointment of many investors. The GBP/USD currency pair had initially rallied higher in the early European session despite the release of weak UK trade balance data in anticipation of the BoE rate decision.

Euro Falls to New Lows on Fed Chair Jerome Powell’s Speech

The euro today fell to new lows against the US dollar following Federal Research Chairmam, Jerome Powell‘s speech in Zurich during the early European session. The euro’s downtrend extended into the American session as demand for the US dollar increased driven by buying pressure from American traders.

Australian Dollar Tanks After Disappointing Retail Sales

The Australian dollar slumped against all major currencies today, falling to the lowest level since June 2017 against the US dollar, after nation’s retail sales unexpectedly halted growth in March. Rising imports in China, Australia’s biggest trading partner, did little to support the currency.

Canadian Dollar Mixed amid Clashing Fundamentals

The Canadian dollar was mixed today, rising against some currencies and falling versus others. The possible reason for that were clashing fundamentals, which did not provide a clear direction to the loonie.

Sterling Pound Falls on Weak UK Services PMI Data

The Sterling pound today declined slightly against the US dollar following the release of the weak Markit/CIPS UK Services PMI data in the early European session. The pound was minimally affected in the early American session after several releases from the US docket such as the positive jobless claims data.

Australian Dollar Benefits from Positive Macroeconomic Data

The Australian dollar gained on its major rivals today thanks to a bunch of positive macroeconomic reports released over the current trading session.

New Zealand Dollar Holds Ground Despite Unexpected Trade Deficit

The New Zealand dollar was little change against some currencies and gained against others today even though the nation’s trade balance demonstrated an unexpected deficit last month.

Yen Falls vs. US Dollar, Reverses Losses vs. Other Rivals

The Japanese yen fell against the US dollar during the current trading session. While the currency had also been down versus other rivals intraday, currently the yen reversed its decline, erasing losses outright against some peers.

EUR/USD Declines Despite Positive Trade Balance Data, Later Rallies Briefly

The EUR/USD currency pair today dropped significantly despite the release of positive Eurozone trade balance data in the early European session. The currency pair reversed its decline after the release of US consumer sentiment data in the early American session, but could not rally back to its session high.

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