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Day: May 30, 2017
May 302017
EUR/USD Bounces Off Day’s Lows Despite Unfavorable Data
EUR/USD rebounded today after falling intraday even though eurozone macroeconomic data was less than impressive. US economic reports, on the other hand, were decent, with the exception of the consumer sentiment that worsened unexpectedly. One of the possible reasons for the rally of the currency pair were speculations that the European Central Bank may discuss removal of monetary stimulus at the June policy meeting. Both personal income and spending rose 0.4% […]
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May 302017
US Dollar Declines amid Unimpressive Economic Releases and Rising Global Woes
The US dollar weakened against the Japanese yen on Tuesday as traders grew more cautious due to increasing political uncertainty in Europe, which raised demand for assets perceived as safe havens. The greenback also declined against the euro and the British pound following the release of lackluster data in the United States. Anticipation for the general election that will be held in the United Kingdom on June 8 lowered tradersâ appetite for risk ahead of the vote that is […]
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May 302017
US Dollar Declines amid Unimpressive Economic Releases and Rising Global Woes
The US dollar weakened against the Japanese yen on Tuesday as traders grew more cautious due to increasing political uncertainty in Europe, which raised demand for assets perceived as safe havens. The greenback also declined against the euro and the British pound following the release of lackluster data in the United States. Anticipation for the general election that will be held in the United Kingdom on June 8 lowered tradersâ appetite for risk ahead of the vote that is […]
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May 302017
USD/JPY Tests New Lows as Japanese Yen Strengthens Against US Dollar
The USD/JPY currency pair today tested new lows as the Japanese yen strengthened against the US dollar during the North American session. Although the pair gained momentum after the release of positive US personal income and outlays data, the currency pair was trading lower as the yen rallied against the greenback. The currency pair rallied to a high of 111.23 after the release of positive US economic data early in the American session, but fell to a new […]
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May 302017
USD/JPY Tests New Lows as Japanese Yen Strengthens Against US Dollar
The USD/JPY currency pair today tested new lows as the Japanese yen strengthened against the US dollar during the North American session. Although the pair gained momentum after the release of positive US personal income and outlays data, the currency pair was trading lower as the yen rallied against the greenback. The currency pair rallied to a high of 111.23 after the release of positive US economic data early in the American session, but fell to a new […]
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May 302017
Canadian Dollar Suffers from Domestic Data & Crude Oil Prices
The Canadian dollar dropped against its most-traded rivals during the current trading session, driven down by unfavorable domestic macroeconomic data and the decline of crude oil prices. Canada’s current account deficit widened to C$14.1 billion in the first quarter of 2017 from upwardly revised C$11.8 billion registered in the previous reporting period. That was a surprise to markets participants as experts had predicted a drop to C$11.4 billion. The report explained the result by the fact […]
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May 302017
Canadian Dollar Suffers from Domestic Data & Crude Oil Prices
The Canadian dollar dropped against its most-traded rivals during the current trading session, driven down by unfavorable domestic macroeconomic data and the decline of crude oil prices. Canada’s current account deficit widened to C$14.1 billion in the first quarter of 2017 from upwardly revised C$11.8 billion registered in the previous reporting period. That was a surprise to markets participants as experts had predicted a drop to C$11.4 billion. The report explained the result by the fact […]
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May 302017
Euro Preserves Momentum amid ECB Speculations
The euro continued to trim losses during the current trading session even though German inflation was disappointing. The reason for the currency’s good performance were speculations about the possible change of European Central Bank’s dovish stance. The German Consumer Price Index fell 0.2% in April, more than analysts predicted (0.1%). Yet that did not disturb the euro, which was rising on the report from Reuters that the ECB may […]
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May 302017
Euro Preserves Momentum amid ECB Speculations
The euro continued to trim losses during the current trading session even though German inflation was disappointing. The reason for the currency’s good performance were speculations about the possible change of European Central Bank’s dovish stance. The German Consumer Price Index fell 0.2% in April, more than analysts predicted (0.1%). Yet that did not disturb the euro, which was rising on the report from Reuters that the ECB may […]
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May 302017
Euro Attempts to Bounce Despite Disappointing Economic Reports
The euro is trading below the opening level against most of its major rivals currently, but is showing tendency to rebound and was actually able to erase losses versus the US dollar completely. The bounce seems to follow the release of eurozone macroeconomic data, but that in no way looks justified as the indicators were disappointing for the most part. According to the flash report, Spain’s Consumer Price Index rose 1.9% in May from […]
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