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Day: May 3, 2017
May 32017
Sterling Eases Losses amid Clashing Fundamentals
The Great Britain pound was soft today, though the currency has trimmed its losses against some of its rivals by now and even erased them almost completely against others, including the euro and the Japanese yen. Confusing fundamentals did not make it easy for the sterling to establish a trend as relatively positive macroeconomic data clashed with Brexit fears. The Markit/CIPS UK Construction Purchasing Managersâ Index climbed from 52.2 […]
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May 32017
New Zealand Dollar Fails to Hold onto Gains After Employment Data
The New Zealand dollar rallied today following the release of impressive employment data, but the currency was unable to hold gains for long. Currently, the kiwi trades flat versus the US dollar and trimmed its gains significantly versus other most-traded rivals. New Zealand employment grew by 1.2% in the March quarter from the previous three months, more than analysts had predicted — 0.8%. The unemployment rate dropped from 5.2% to 4.9% […]
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May 32017
New Zealand Dollar Fails to Hold onto Gains After Employment Data
The New Zealand dollar rallied today following the release of impressive employment data, but the currency was unable to hold gains for long. Currently, the kiwi trades flat versus the US dollar and trimmed its gains significantly versus other most-traded rivals. New Zealand employment grew by 1.2% in the March quarter from the previous three months, more than analysts had predicted — 0.8%. The unemployment rate dropped from 5.2% to 4.9% […]
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