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Day: July 25, 2018
July 252018
May Takes Control of Brexit Talks, Pound Retreats After Initial Rally
The Great Britain pound rallied today on the news that Prime Minister Theresa May will take matters of the Brexit talks with the European Union in her own hands. But the currency was unable to hold onto gains, giving up most of them by now. May said yesterday that her office will control the Brexit negotiations instead of a dedicated Brexit ministry. Markets welcomed the news as it likely means more […]
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July 252018
May Takes Control of Brexit Talks, Pound Retreats After Initial Rally
The Great Britain pound rallied today on the news that Prime Minister Theresa May will take matters of the Brexit talks with the European Union in her own hands. But the currency was unable to hold onto gains, giving up most of them by now. May said yesterday that her office will control the Brexit negotiations instead of a dedicated Brexit ministry. Markets welcomed the news as it likely means more […]
Read more
July 252018
NZ Dollar Holds Ground Despite Surprising Trade Deficit
The New Zealand dollar was firm today despite domestic macroeconomic data that showed a surprise trade deficit. The trade balance showed a deficit of NZ$113 million in June. That is instead of a surplus of NZ$200 million predicted by experts. Furthermore, the previous month’s trade surplus got a negative revision from NZ$294 million to NZ$208 million. NZD/USD rose from 0.6797 to 0.6815 as of 10:40 GMT today. EUR/NZD was little changed […]
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July 252018
NZ Dollar Holds Ground Despite Surprising Trade Deficit
The New Zealand dollar was firm today despite domestic macroeconomic data that showed a surprise trade deficit. The trade balance showed a deficit of NZ$113 million in June. That is instead of a surplus of NZ$200 million predicted by experts. Furthermore, the previous month’s trade surplus got a negative revision from NZ$294 million to NZ$208 million. NZD/USD rose from 0.6797 to 0.6815 as of 10:40 GMT today. EUR/NZD was little changed […]
Read more
July 252018
Australian Dollar Declines Sharply on Weak Inflation Data
The Australian dollar today dropped sharply against the US dollar following the release of disappointing Australian consumer price index data in the Asian session. The AUD/USD currency pair gave up all its gains from an initial spike higher as investors anticipated positive inflation figures before the actual release. The AUD/USD currency pair today spiked to a high of 0.7449 in the Asian session before dropping to a low of 0.7390 after the release. The Australian inflation […]
Read more
July 252018
Australian Dollar Declines Sharply on Weak Inflation Data
The Australian dollar today dropped sharply against the US dollar following the release of disappointing Australian consumer price index data in the Asian session. The AUD/USD currency pair gave up all its gains from an initial spike higher as investors anticipated positive inflation figures before the actual release. The AUD/USD currency pair today spiked to a high of 0.7449 in the Asian session before dropping to a low of 0.7390 after the release. The Australian inflation […]
Read more