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Day: August 31, 2017
August 312017
US Dollar Attempts to Rally, Fails to Keep Momentum
The US dollar attempted to rally during the Thursday’s trading session but failed to keep its gains and is trading below the opening level right now. It managed to fall even against the vulnerable euro. US economic data was mixed today. While most indicators were stable, the housing report was disappointing, showing a surprise drop of pending home sales. During an interview today, Treasury Secretary Steven Mnuchin […]
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August 312017
US Dollar Attempts to Rally, Fails to Keep Momentum
The US dollar attempted to rally during the Thursday’s trading session but failed to keep its gains and is trading below the opening level right now. It managed to fall even against the vulnerable euro. US economic data was mixed today. While most indicators were stable, the housing report was disappointing, showing a surprise drop of pending home sales. During an interview today, Treasury Secretary Steven Mnuchin […]
Read more
August 312017
EUR/USD Falls, Rebounds Later
EUR/USD dropped intraday during the current trading session after the report that the European Central Bank is concerned with the strength of the euro. Nevertheless, the currency has rebounded by now. As for US economic data, it was mixed, without any big surprises. Initial jobless claims were at the seasonally adjusted rate of 236k last week. It was almost the same as the previous week’s revised level of 235k and the predicted reading of 237k. […]
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August 312017
USD/CAD Declines Drastically on US and Canada Data
The USD/CAD currency pair today suffered a major decline after the release of both US and Canadian macro data during the North American session. Some of the macro data released by both countries include Canada’s GDP data released by Statistics Canada and the US initial jobless claims report. The currency pair came under intense selling pressure during the early North American session and lost over 120 points at the height of its decline. […]
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August 312017
USD/CAD Declines Drastically on US and Canada Data
The USD/CAD currency pair today suffered a major decline after the release of both US and Canadian macro data during the North American session. Some of the macro data released by both countries include Canada’s GDP data released by Statistics Canada and the US initial jobless claims report. The currency pair came under intense selling pressure during the early North American session and lost over 120 points at the height of its decline. […]
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August 312017
EUR/USD Sinks to New Lows Despite Positive Eurozone Data
The EUR/USD currency pair today declined to new lows despite the release of positive Eurozone data such as the German unemployment change data. The release of positive US macro data including the positive core personal consumption expenditure data also contributed to the pair’s decline. The currency pair lost over 80 points at the height of its decline, to mark the third consecutive session where the pair has posted losses. The EUR/USD’s decline was triggered […]
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August 312017
EUR/USD Sinks to New Lows Despite Positive Eurozone Data
The EUR/USD currency pair today declined to new lows despite the release of positive Eurozone data such as the German unemployment change data. The release of positive US macro data including the positive core personal consumption expenditure data also contributed to the pair’s decline. The currency pair lost over 80 points at the height of its decline, to mark the third consecutive session where the pair has posted losses. The EUR/USD’s decline was triggered […]
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August 312017
NZ Dollar Fails to Hold Ground After Business Confidence Worsens
The New Zealand dollar fell today, declining for the second consecutive day versus the US dollar and the Japanese yen. The currency was attempting to hold its ground at the beginning of the trading session but resumed the downward movement after the report showed a drop of the business confidence. The ANZ business confidence slipped from 19.4 in July to 18.3 in August. Yet the report was not particularly pessimistic, saying: Weâre seeing healthy readings for confidence, activity […]
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August 312017
NZ Dollar Fails to Hold Ground After Business Confidence Worsens
The New Zealand dollar fell today, declining for the second consecutive day versus the US dollar and the Japanese yen. The currency was attempting to hold its ground at the beginning of the trading session but resumed the downward movement after the report showed a drop of the business confidence. The ANZ business confidence slipped from 19.4 in July to 18.3 in August. Yet the report was not particularly pessimistic, saying: Weâre seeing healthy readings for confidence, activity […]
Read more
August 312017
Chinese Yuan Slips, Heads for Best Month Since 2005
The Chinese yuan slipped against the US dollar today after mixed macroeconomic data. Yet the currency was still on track for the best month in more than a decade. The Peopleâs Bank of China set its official yuan midpoint to 6.6010 per dollar, 0.14% firmer than the previous day’s fixing of 6.6102. The currency has gained about 0.8% against the dollar so far this week and around 2% over the month, heading […]
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