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Day: February 19, 2018
February 192018
EUR/USD Declines as American Markets Remain Closed
The EUR/USD currency pair today declined for the second consecutive session in a global market characterized by low volatility given that US markets remain closed as the country celebrated Presidents’ Day. The US markets were not the only ones closed, as Chinese markets also remain closed due to the ongoing Chinese New Year celebrations. The EUR/USD currency pair declined by over 60 points from a high of 1.2434 to hit a low of 1.2369 in the mid-European […]
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February 192018
Australian Dollar Edges Higher in Subdued Monday’s Trade
The Australian dollar gained against its most-traded peers during subdued trading in Monday’s trading session. Today’s trading was subdued due to the President’s Day holiday in the United States. With no economic releases out of Australia to affect the currency, the Aussie joined other commodity currencies in a rally. The Reserve Bank of Australia will release minutes of its latest policy meeting at 00:30 GMT. Most experts anticipate the minutes to confirm the RBA’s […]
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February 192018
Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens
The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month. The Japanese trade balance logged a surplus of ¥0.37 trillion in January, up from ¥0.09 trillion in December. Both imports and export fell, month-over-month, but imports fell more. Year-on-year, exports were rising at healthy pace, suggesting robust demand for the country’s goods. USD/JPY rose from 106.33 to 106.58 […]
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