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Day: April 3, 2018
April 32018
Canadian Dollar Gains amid Hopes for NAFTA Deal
The Canadian dollar jumped against its rivals today on optimism about the NAFTA deal and as prices for crude oil, Canada’s main export commodity, rebounded after yesterday’s slump. Bloomberg reported that Trump administration is pushing for a preliminary deal for the North American Free Trade Agreement at the summit in Peru next week. The sources asked to remain unnamed as the discussion between US politicians was private. The United States are Canada’s biggest […]
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April 32018
Japanese Yen Soft Even as BoJ Discusses Stimulus Exit
The Japanese yen fell against its most-traded rivals today even as the Bank of Japan was discussing internally an exit from unprecedented monetary stimulus. Some currencies, though, have trimmed their gains against the yen by now. Governor Haruhiko Kuroda said that BoJ members were discussing stimulus exit among themselves: Internally weâre conducting various discussions. Yet he stated that releasing details of such talks […]
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April 32018
Euro Drops Against US Dollar on Mixed Eurozone Manufacturing PMIs
The euro today declined against the US dollar following the release of mixed manufacturing PMI data from across the euro area. The euro’s decline was further accelerated by renewed demand for the US dollar fueled by the risk-on investor sentiment. The EUR/USD currency pair lost over 80 points to decline from a high of 1.2336 to trade at a low of 1.2253 at the time of writing. The currency pair’s decline was triggered by the release of the Markit Italy Manufacturing PMI, […]
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April 32018
Pound Pares Gains Caused by Better-Than-Expected Manufacturing PMI
The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now. The IHS Markit/CIPS UK Manufacturing PMI registered a reading of 55.1 in March, little changed from 55.0 in February. Analysts had predicted a lower value of 54.8. The better-than-expected print fueled speculations that the Bank of England will raise interest rates in May. GBP/USD was little changed at 1.4039 as of 11:26 […]
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April 32018
Aussie Gains After RBA & Economic Releases
The Australian dollar gained on its most-traded peers today even as the nation’s central bank remained passive and macroeconomic reports released over the trading session were rather unimpressive for the most part. The Reserve Bank of Australia left its main interest rate unchanged at 1.5%, as was widely expected. The central bank did not change its statement much, though mentioned the impact of prospects for trade wars: Equity market volatility has […]
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