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Day: June 30, 2017
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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June 302017
Australian Dollar Fails to Keep Gains
The Australian dollar rallied on the back of positive China’s macroeconomic data released today but was unable to follow through with the rally. The currency trimmed its gains versus the euro and the Swiss franc and lost them completely against the US dollar and the Japanese yen. China’s official manufacturing Purchasing Managers’ Index rose from 51.2 in May to 51.7 in June, while analysts predicted a drop to 51.0. The non-manufacturing PMI increased from 54.5 […]
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June 302017
Australian Dollar Fails to Keep Gains
The Australian dollar rallied on the back of positive China’s macroeconomic data released today but was unable to follow through with the rally. The currency trimmed its gains versus the euro and the Swiss franc and lost them completely against the US dollar and the Japanese yen. China’s official manufacturing Purchasing Managers’ Index rose from 51.2 in May to 51.7 in June, while analysts predicted a drop to 51.0. The non-manufacturing PMI increased from 54.5 […]
Read more