The Japanese yen rallied today, touching the highest level since June 2013 against the euro. The reason for the rally is the retreat of the US stocks and the comments from Koichi Hamada, an adviser to Prime Minister Shinzo Abe on monetary policy. Hamada said in the interview with Bloomberg: I donât think itâs a bad thing to send a signal that selling of the yen is coming closer to its limit bit by bit He also stated that […]
Read moreThe US dollar index is pulling back today, following its latest attempt at the 100 level. The dollar index is running into resistance, and falling a little bit today. Greenback is down against many of its major counterparts today, following gains yesterday. The US dollar index made another attempt at the 100 level, only to meet resistance and be forced back down. US dollar is also a little […]
Read moreThe Great Britain pound fell today following the release of inflation data from the United Kingdom. The report showed that UK consumer prices remained flat during the previous month. The Office for National Statistics reported that consumer inflation stayed zero in March. While other inflation indexes showed some growth, they were below expectations for the most part. The unfavorable data made the sterling to lose part of its previous gains […]
Read moreEUR/USD rose today for the first time in seven trading sessions. Today’s data from the eurozone was good while US economic indicators came out worse than expectations. The growth outlook from the International Monetary Fund added fuel to the rally as the IMF revised its growth projections for the United States down and for the euro-area up. PPI rose 0.2% in March, a bit less than forecasters predicted — 0.3%. The index dropped 0.5% […]
Read moreThe Great Britain pound rallied on Monday but retreated a bit against the euro and Japanese yen today. At the same time, the currency retained its gains versus the US dollar with the help of a positive retail sales report. UK indicators were not supportive for the sterling lately, so the positive retail sales data from British Retail Consortium was welcomed by traders (at least those of them who have made bullish bets […]
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