Day: January 31, 2018

January 31
2018

Euro Rallies Higher Against US Dollar on Upbeat Eurozone CPI

The euro today rallied higher against the US dollar amid a raft of macro releases from both the Eurozone and the US dockets. The single currency was boosted by the release of German December employment change data, which was better than expected. The EUR/USD currency pair today gained over 70 points from a low of 1.2399 to hit a high of 1.2473. The currency pair was on an uptrend from the Asian session as investors ditched the greenback […]

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January 31
2018

Australian Dollar Bounces After Losses Caused by Disappointing Data

The Australian dollar slumped at the start of the current trading session, driven down by disappointing domestic macroeconomic reports, but managed to bounce by now. The Australian Consumer Price Index rose 0.6% in the December quarter from the previous three months, the same as in the September quarter but below the analysts’ projection of 0.7%. The trimmed mean CPI increased by 0.4%, also demonstrating the similar rate of growth to that of the previous quarter but missing expectations of a 0.5% increase. […]

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January 31
2018

NZ Dollar Strong Despite Mixed Data from China

The New Zealand dollar was extremely strong today, jumping more than 1% against such most-traded currencies as the US dollar and the Japanese yen, despite mixed economic reports from New Zealand’s biggest trading partner — China. The China Federation of Logistics and Purchasing reported that the manufacturing Purchasing Managers’ Index slipped from 51.6 to 51.3 in January. Meanwhile, the non-manufacturing PMI gained from 55.0 to 55.3. Earlier this week, […]

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