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Day: September 22, 2017
September 222017
Euro Fails to Profit from Positive PMI Readings
The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals. Markit released preliminary reports for manufacturing and service industries in Germany, France, and the eurozone in general. All of the Purchasing Managers’ Indices were higher in September compared to August. What is more, all of them […]
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September 222017
Euro Fails to Profit from Positive PMI Readings
The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals. Markit released preliminary reports for manufacturing and service industries in Germany, France, and the eurozone in general. All of the Purchasing Managers’ Indices were higher in September compared to August. What is more, all of them […]
Read more
September 222017
EUR/USD Drifts Closer to Opening After Strong Start of Session
EUR/USD rallied during the first half of the current trading session but has drifted down closer to the opening level by now. The dollar was under pressure from growing tensions between the United States and North Korea. Meanwhile, the euro was getting support from the fact that all Purchasing Managers’ Indices released in the eurozone today (for major countries as well as for the currency union as a whole) were above expectations. Markit US manufacturing […]
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September 222017
US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data
The US dollar moved lower against the euro and the Japanese yen on Friday after an exchange of threats continued between the United States and North Korea. Todayâs economic releases provided the greenback little support as the US manufacturing activity edged marginally higher while activity within the services sector dropped. The geopolitical tension between the United States and North Korea reached a new level today after the isolated Asian nation threatened to detonate a hydrogen […]
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September 222017
US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data
The US dollar moved lower against the euro and the Japanese yen on Friday after an exchange of threats continued between the United States and North Korea. Todayâs economic releases provided the greenback little support as the US manufacturing activity edged marginally higher while activity within the services sector dropped. The geopolitical tension between the United States and North Korea reached a new level today after the isolated Asian nation threatened to detonate a hydrogen […]
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September 222017
Canadian Dollar Weakens Against US Dollar on CPI and Retail Sales Data
The Canadian dollar today weakened against the US dollar after the release of weak Canadian CPI and retail sales data by Statistics Canada. Other releases from the US docket such as the Markit US Manufacturing PMI also served to boost the US dollar against its Canadian counterpart. The USD/CAD currency pair opened today’s session on a downtrend, but quickly changed course after the Canadian and US releases to recover most of its earlier […]
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September 222017
Canadian Dollar Weakens Against US Dollar on CPI and Retail Sales Data
The Canadian dollar today weakened against the US dollar after the release of weak Canadian CPI and retail sales data by Statistics Canada. Other releases from the US docket such as the Markit US Manufacturing PMI also served to boost the US dollar against its Canadian counterpart. The USD/CAD currency pair opened today’s session on a downtrend, but quickly changed course after the Canadian and US releases to recover most of its earlier […]
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September 222017
Japanese Yen Rallies After Trump Orders New Sanctions Against North Korea
The Japanese yen rose today as tensions between the United States and North Korea continued to escalate, making safe assets more appealing to investors. US President Donald Trump ordered new sanctions against North Korea in an attempt to dissuade the rogue nation from performing nuclear tests. Earlier this week, he threatened to “totally destroy” North Korea. In a response, North Korean leader Kim Jong Un called Trump “mentally […]
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September 222017
Japanese Yen Rallies After Trump Orders New Sanctions Against North Korea
The Japanese yen rose today as tensions between the United States and North Korea continued to escalate, making safe assets more appealing to investors. US President Donald Trump ordered new sanctions against North Korea in an attempt to dissuade the rogue nation from performing nuclear tests. Earlier this week, he threatened to “totally destroy” North Korea. In a response, North Korean leader Kim Jong Un called Trump “mentally […]
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September 222017
Australian Dollar Steady Following China’s Rating Downgrade by S&P
The Australian dollar gained on its US counterpart today. The currency slid against other rivals intraday but is has bounced by now. Yesterday, the Aussie dropped more than 1% following China’s credit rating downgrade by Standard & Poor’s. S&P announced yesterday: S&P Global Ratings lowered the long-term sovereign credit ratings on China to ‘A+’ from ‘AA-‘ and the short-term rating to ‘A-1’ from ‘A-1+’. The outlook on the long-term […]
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