Trade Talks — News Archive

    Archives

NZ Dollar Fails to Hold Ground in Face of Risk Aversion

While the New Zealand dollar was attempting to rally earlier today despite risk aversion prevailing on the market, currently the kiwi has retreated, trading below the opening level against many of its most-traded rivals. Domestic macroeconomic data did nothing to help the currency of New Zealand.

Euro Rallies on China’s Retaliatory Measures, Drops Shortly After

The euro today leapt to new monthly highs against the US dollar after news reports suggested that China was planning retaliatory tariffs on US exports. According to the Guardian, China is set to implement a 25% tariff on $60 billion worth of US imports as well as halting bond purchases among other measures.

Aussie Fails to Hold Unto Gains, RBA Downgrades Growth Forecast

The Australian dollar attempted to rally today on the back of cautious optimism about the US-China trade talks but has almost lost its gains by now. The Reserve Bank of Australia released the Statement on the Monetary Policy, in which it downgraded growth forecast for this year.

Euro Rallies on US Dollar Selloff Ignoring Trade Jitters, Later Drops

The euro today spiked to new weekly highs against the US dollar in the early American session as the greenback dropped significantly against its peers. The EUR/USD currency pair later retraced some of its gains, but remained in positive territory as high-level US-China trade talks resumed.

Euro Rallies to New Monthly Highs Amid Stable Market Environment

The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds.

US Dollar Volatile After Nonfarm Payrolls

The US dollar demonstrated extremely volatile reaction to nonfarm payrolls, falling then rebounding immediately. As it was usual lately, the employment report did not produce a clear picture of the US labor market, having both good and bad parts.

Euro Rallies on German Industrial Data, Later Trades Sideways

The euro today rallied higher following the release of German industrial production data in the early European session as the print beat expectations. The EUR/USD currency pair later traded sideways amid a lack of any fundamental triggers as investors waited for the non-farm payrolls report.

US Dollar Firm As Unemployment Claims Lowest in Almost 50 Years

The US dollar was firm today, supported by the unexpected drop of claims for unemployment benefits. Optimism about the upcoming meeting of the leaders of the United States and China was also contributing to the strength of the US currency.

Loonie Attempts Rally Against US Dollar on Upbeat Canadian Ivey PMI

The Canadian dollar today attempted to rally higher against its US counterpart in the American session after the release of the upbeat Canadian Ivey PMI data. The USD/CAD currency pair today traded mostly directionless amid a lack of fundamental triggers to push the pair decisively in any direction.

Euro Rallies on Upbeat Eurozone PMI and Retail Sales Data

The euro today rallied higher against the US dollar in the early European session following the release of upbeat PMI data from across the eurozone by IHS Markit. The EUR/USD currency pair later rallied higher in the American session following the release of weak US ADP employment data and a weak US dollar.

Navigation

Menu