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Day: October 5, 2018
October 52018
Japanese Yen Rises on Steady Economic Recovery Signals
The Japanese yen is rising modestly against its counterparts on Friday after new data suggests the countryâs economic recovery is holding steady. But the International Monetary Fund (IMF) issued a report that urged Tokyo to take a breather and not declare victory just yet. In August, household spending rose 2.8%, beating market forecasts of a 0.1% decline and recording the second consecutive month of gains. This is the fastest annual […]
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October 52018
Positive Employment Report Fails to Boost Canadian Dollar
The Canadian dollar behaved similarly to its US counterpart, climbing after the release of a domestic employment report but pulling back later. That was surprising considering that Canada’s macroeconomic reports released today were universally good. The Statistics Canada reported that employment rose by 63,300 in September. That is compared to the increase by 25,000 predicted by analysts and the huge drop by 51,600 logged in August. The unemployment rate ticked down from […]
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October 52018
US Dollar Demonstrates Volatile Reaction to Nonfarm Payrolls
The US dollar showed volatile reaction to nonfarm payrolls, sinking after the release but rebounding almost immediately afterwards. That should not be a surprise considering that the report was very mixed. Currently, the greenback reversed its movement yet again and went lower. The US Bureau of Labor Statistics reported that employment rose by just 134,000 in September, demonstrating a rate of growth that was far slower than was […]
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October 52018
Swiss Franc Declines After Inflation Misses Expectations
The Swiss franc declined against its most-traded rivals today after Switzerland’s inflation missed expectations. The Federal Statistical Office reported that the Swiss Consumer Price Index rose 0.1% in September month-on-month and 1.0% year-on-year. The monthly increase failed to meet market expectations of a 0.2% gain, but it was still a better reading than no change registered in August. The report commented on the result: The 0.1% increase compared with the previous […]
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October 52018
Australian Dollar Flat amid Mixed Economic Reports
The Australian dollar was virtually flat today amid mixed domestic macroeconomic reports as traders were waiting for employment data from the United States. The Australian Bureau of Statistics reported that retail sales rose 0.3% in August, in line with expectations, after showing no change in July. The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index declined to 49.3 in September from 51.8 in August. AUD/USD […]
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October 52018
EUR/USD Heads to Close Higher on Friday After NFP
EUR/USD was heading to settle above the opening level on Friday after volatile moves caused by nonfarm payrolls. The US employment report was rather mixed, making the currency pair rally after the release, drop back afterwards only to rebound almost immediately. Over the week, the currency pair was still end with losses. Nonfarm payrolls rose by 134k in September, far slower than markets had anticipated — 185k. Meanwhile, […]
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