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Day: July 24, 2015
July 242015
Canadian Dollar Pares Losses After Drop
The Canadian dollar dropped today, tracking decline of crude oil. Signs of slowdown in economies around the world were hurting currencies, especially those tied to growth. Yet the loonie is attempting to bounce right now, and it looks like the currency may pare most of its losses by the end of Friday’s trading. Crude oil was attempting to hold its position during the current trading session but failed and declined more than […]
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July 242015
Dollar Loses Gains vs. Majors After Release of US Economic Data
The US dollar was rising earlier today as economic reports from Europe and China prompted traders to seek refuge, buying safer currencies. Yet the greenback erased its gains against other majors after data from the United States themselves turned out to be negative as well. US new home sales fell unexpectedly 517,000 in May to 482,000 in June. And the May’s reading itself was negatively revised from 546,000. […]
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July 242015
Yen Gains as Japan’s Economic Data Beats Expectations
Today’s economic data released from Japan was very good, in contrast to reports released from other parts of the world. This allowed the Japanese yen to gain on its major peers. Unlike macroeconomic indicators from China, Europe and the United States, Friday’s data from Japan was not only good but actually better than expectations. The flash Nikkei Flash Japan Manufacturing Purchasing Managersâ Index advanced from […]
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July 242015
Australian Dollar Weakest Since 2009 vs. US Counterpart
The Australian dollar dropped more than 1 percent today, reaching the lowest level in more than 6 years against its US counterpart. The reason for the slump was the depressing manufacturing data from China. According to the Markit/Caixin survey, the flash China’s manufacturing PMI unexpectedly dropped from 49.4 to 48.2 in July — the weakest reading in more than a year. The news was very negative to Aussie, suggesting lower demand for raw […]
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July 242015
EUR/USD Demonstrates Small Losses During Friday’s Trading
EUR/USD dropped today as bad economic reports from Europe & China made traders flock to the safety of the US currency. The currency pair did not fall far, though, and trimmed its losses as data from the United States was not particularly good as well. Flash Markit manufacturing PMI was at 53.8 in July (seasonally adjusted), near the June’s figure of 53.6 and the forecast reading of 53.7. (Event A on the chart.) New home […]
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