EUR/USD was stable today following mixed economic releases from the United States. Yesterday’s testimony from Federal Reserve Chairwoman Janet Yellen was dovish, but that did not prevent the currency pair from falling during the previous trading session. PPI rose 0.1% in June while experts had anticipated it to stay unchanged, the same as in May. (Event A on the chart.) Initial jobless claims were at the seasonally adjusted […]
Read moreThe Swiss franc started the current trading session rising but reversed its movement about the same time as the disappointing Producer and Import Price Index was released. The traders’ risk-positive mentality did not help the currency either. The Swiss PPI declined 0.1% in June compared to the previous month. While the reading was not as bad the May’s drop by 0.3%, it was still worse than the median forecast that promised no […]
Read moreThe Australian dollar rallied today thanks to the positive general market sentiment and domestic macroeconomic data. Yesterday’s dovish comments from Federal Reserve Chair Janet Yellen led to a rally of global stocks and the risk-on mode on a currency market. In particular, carry traders became more active, buying currencies of emerging markets and currencies linked to commodities. Meanwhile, the Melbourne Institute Consumer Inflationary Expectations for Australia rose from 3.6% in June to 4.4% in July. […]
Read moreThe Australian dollar rallied today thanks to the positive general market sentiment and domestic macroeconomic data. Yesterday’s dovish comments from Federal Reserve Chair Janet Yellen led to a rally of global stocks and the risk-on mode on a currency market. In particular, carry traders became more active, buying currencies of emerging markets and currencies linked to commodities. Meanwhile, the Melbourne Institute Consumer Inflationary Expectations for Australia rose from 3.6% in June to 4.4% in July. […]
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