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Day: June 30, 2017
June 302017
US Dollar Gains on Friday, Still Vulnerable
The US dollar rose against its major rivals, with the exception of the Great Britain pound, on Friday. But fundamentally the currency remained very vulnerable. Major central banks around the world shifted their stance on monetary policy, signaling that an end to the age of extra loose policy may come soon. And while the US Federal Reserve was the first one to embark on tapering of monetary stimulus, market participants doubt that it […]
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June 302017
US Dollar Gains on Friday, Still Vulnerable
The US dollar rose against its major rivals, with the exception of the Great Britain pound, on Friday. But fundamentally the currency remained very vulnerable. Major central banks around the world shifted their stance on monetary policy, signaling that an end to the age of extra loose policy may come soon. And while the US Federal Reserve was the first one to embark on tapering of monetary stimulus, market participants doubt that it […]
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June 302017
Canadian Dollar Pushes Higher, Ignoring Domestic Economic Data
The Canadian dollar rallied today, touching the highest level since September against its US counterpart, even while domestic macroeconomic data was not helpful to Canada’s currency. Canadian gross domestic product rose 0.2% in April, exactly as forecasters predicted. It was a slower growth than March’s 0.5%. The Industrial Product Price Index fell 0.2% in May. The Raw Materials Price Index declined 1.8%. Both indicators […]
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June 302017
Canadian Dollar Pushes Higher, Ignoring Domestic Economic Data
The Canadian dollar rallied today, touching the highest level since September against its US counterpart, even while domestic macroeconomic data was not helpful to Canada’s currency. Canadian gross domestic product rose 0.2% in April, exactly as forecasters predicted. It was a slower growth than March’s 0.5%. The Industrial Product Price Index fell 0.2% in May. The Raw Materials Price Index declined 1.8%. Both indicators […]
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June 302017
EUR/USD Declines on Last Day of June
EUR/USD fell today even though economic indicators released in the eurozone were very good for the most part. US economic data was somewhat mixed, but not particularly bad either. Fundamentals remained in favor of the currency pair, and the current drop looks like nothing more than just a profit-taking after the impressive three-day rally. Personal income and spending rose in May. Personal income was up 0.4%, while analysts […]
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June 302017
EUR/USD Maintains Losses After Release of Positive US Data
The EUR/USD currency pair today maintained the losses it accumulated during the early European session despite the release of positive US data in the North American session. The currency pair was under intense selling pressure from the beginning of today’s session, but did not decline significantly after the release of positive US personal income data. The currency pair lost about 50 points at the height of its decline during the European session. […]
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June 302017
EUR/USD Maintains Losses After Release of Positive US Data
The EUR/USD currency pair today maintained the losses it accumulated during the early European session despite the release of positive US data in the North American session. The currency pair was under intense selling pressure from the beginning of today’s session, but did not decline significantly after the release of positive US personal income data. The currency pair lost about 50 points at the height of its decline during the European session. […]
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June 302017
British Pound Edges Lower Against US Dollar on Lackluster Consumer Spending
The British pound edged lower against the US dollar on Friday in the wake of consumer spending data that revealed that British consumers continued to suffer from weak spending power. Fresh readings for business investment and gross domestic product met expectations, which left the British currency vulnerable to a slew of other economic releases. The UK Office for National Statistics released a report on household spending on goods and services this morning, which stated […]
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June 302017
British Pound Edges Lower Against US Dollar on Lackluster Consumer Spending
The British pound edged lower against the US dollar on Friday in the wake of consumer spending data that revealed that British consumers continued to suffer from weak spending power. Fresh readings for business investment and gross domestic product met expectations, which left the British currency vulnerable to a slew of other economic releases. The UK Office for National Statistics released a report on household spending on goods and services this morning, which stated […]
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June 302017
Japanese Yen Rallies Despite Underwhelming Economic Reports
The Japanese yen rallied against its most-traded rivals today even though macroeconomic data released in Japan during the trading session was not particularly good for the most part. The possible reason for the currency’s gains was the slump of global stocks caused by signs that central banks around the world are planning to drop monetary stimulus. Japan’s core Consumer Price Index rose 0.4% in May from a year ago, matching […]
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