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Day: December 8, 2017
December 82017
British Pound Hits New Lows on Brexit Deal and Positive NFP Data
The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session. The GBP/USD currency pair declined by about 120 points from a daily high of 1.3520 to hit a low of 1.3399 after the release of the NFP data. The news of the Brexit deal between the EU and UK […]
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December 82017
NZ Dollar Gains Even as Manufacturing Sales Slow
The New Zealand dollar gained today despite slowing growth of manufacturing sales. Manufacturing sales grew 0.5% in the September quarter from the previous three months. That is slower than the growth of 3.4% in the June quarter, which itself was revised down from 3.9%. Yet the kiwi did not fall after the report, probably due to the good economic data from China, New Zealand’s major trading partner. NZD/USD […]
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December 82017
Australian Dollar Firm After Domestic & Chinese Economic Reports
The Australian dollar was flat against its US counterpart but rallied versus other majors after positive macroeconomic data, both domestic and China’s. The number of home loans registered in Australia fell by 0.6% in October from September. Still, it was a far better reading than the predicted drop by 2.2% and September’s declined by 2.5%. China’s trade surplus widened from $38.2 billion in October to $40.2 billion in November, above […]
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