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Day: February 23, 2018
February 232018
Euro Declines Despite Positive German GDP and Eurozone CPI
The euro today declined against the US dollar despite the release of positive German Q4 GDP report, and also ignored the release of positive Eurozone inflation data. The euro extended its decline from the Asian session into the European session following the greenback’s recovery, which started during yesterday’s American session. The EUR/USD currency pair was lost over 50 points to decline from an opening high of 1.2332 to a low of 1.2279 before […]
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February 232018
Japanese Yen Third Strongest Currency on Friday
The Japanese yen was generally strong today, rising against the euro and various other most-traded peers, but was unable to beat the US dollar and the Great Britain pound. Japan’s economic data released today was mixed. The core Consumer Price Index rose 0.9% in January from a year ago, the same as in the previous month, while experts had expected a bit smaller increase by 0.8%. The Services Producer Price Index rose […]
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February 232018
Positive Retail Sales Data Doesn’t Help NZD Overcome Weakness
Commodity currencies were generally weak today. That translated to the New Zealand dollar even though domestic macroeconomic data was very good. Retail sales increased by 1.7% in the December quarter after increasing 0.3% in the previous three months. Analysts had predicted a smaller increase by 1.4%. The report allowed the kiwi to pause decline for a short while, but ultimately currency resumes its drop. NZD/USD dropped from 0.7337 to 0.7293 […]
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