Trade Wars — News Archive

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Yen Mostly Flat During Directionless Trading

The Japanese yen was flat against most major currencies today, though fell versus the Swiss franc. The trading was somewhat directionless on Wednesday as traders were waiting for a monetary policy announcement from the Federal Reserve.

Euro Rallies on Weak US Manufacturing Data, Falls on ECB Event

The euro today rallied to its daily highs backed by US dollar weakness accompanied the release of weak US manufacturing data. The EUR/USD currency pair later fell as demand for the safe haven greenback rose during the American session and the ECB Forum on Central Banking in Sintra, Portugal.

Rupee Falls After India Announces Tariffs on US Goods

The Indian rupee fell against the US dollar today after India decided to enter a trade war with the United States.

Euro Falls Against US Dollar After US Retail Sales Top Expectations

The euro today fell to new weekly lows against the US dollar following the release of upbeat US retail sales data in the American session. The EUR/USD currency pair traded with a bearish bias for most of today’s session amid a risk-averse market mood given the US-China trade war.

Mexican Peso Trades Sharply Higher After Trade Starts

The Mexican peso traded sharply higher today after Monday’s trade started. The currency gained on the news that the United States and Mexico managed to reach a deal that will allow to avoid a tariff war.

US Dollar Ends Week Weakest, Has Potential to Recover

The US dollar ended the past trading week as the weakest currency on the Forex market. Prospects for an interest rate cut from the Federal Reserve was one of the main themes for talks among investors lately. But the latest developments in the trade war saga may change things.

US Dollar Slumps on Disappointing May Jobs Report

The US dollar slumped at the end of the trading week, driven by a weaker-than-expected May jobs report and stagnant wage growth that signaled a slowing economy. Should the trend continue, then it might prompt the Federal Reserve to cut interest rates to spur economic growth, which the market is already betting will happen as early as next month.

Japanese Yen Weakens Despite Better Q1 GDP Amid Higher Business Spending

The Japanese yen is weakening against several major currencies on Tuesday, despite upbeat economic data and positive news that should strengthen the safe-haven currency. So far this year, the yen has made commendable gains against a basket of rivals, attracting investors fleeing from geopolitical tensions and trade strife.

Euro Rallies on Weak US Manufacturing Data and Inverted US Yields

The euro today rallied against the US dollar following the release of disappointing US manufacturing PMI in the American session. The EUR/USD currency pair kept up it bullish momentum from Friday as markets remained worried about the inverted US yield curves and the possibility of a Fed rate cut.

Chinese Yuan Weakens As Manufacturing Activity Contracts

The Chinese yuan is weakening against major currency rivals at the end of the trading week, driven mainly by disappointing economic data, as well as the lingering trade war with the Americans. The yuan has had a rough second quarter against the US dollar, but it has mostly gained against the euro so far this year. China has had a mix of highs and lows this year – both on data and trade.

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