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Day: December 21, 2018
December 212018
Canadian Dollar Mixed After Macroeconomic Reports
The Canadian dollar was mixed today, falling versus safe currencies, like the US dollar and the Japanese yen, but trading flat or even rising against others. Domestic macroeconomic reports did not help the currency to find direction as they were mixed themselves. Statistics Canada reported that gross domestic product rose 0.3% in October from the previous month following the 0.1% decline in September. Economists had predicted a smaller […]
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December 212018
Swiss Franc Soft Despite Supportive Data & Market Sentiment
The Swiss franc was surprisingly soft today despite recent supportive domestic macroeconomic data and the market sentiment that was favorable to safer currencies. Reported yesterday by the Swiss Federal Customs Administration, Switzerland trade balance surplus was at CHF 3.1 billion in November. Exports rose 1.8% to a new monthly record. Imports fell by 1.2%. USD/CHF gained from 0.9878 to 0.9915 as of 17:04 GMT today. GBP/CHF climbed from 1.2499 […]
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December 212018
US Dollar Surges on Data, Fed Comments
The US dollar is surging against its major rivals on Friday, thanks to positive economic data and comments by one Federal Reserve official. The greenback is on a tear in 2018, despite several factors that would normally the hurt currency, and it will likely finish the year up roughly 5%. Will 2019 be as friendly to the buck? The gross domestic product (GDP) was revised lower but it still came in strong […]
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December 212018
Japanese Yen Extends Gains for Sixth Session on Risk Aversion
The Japanese yen continued to rise today, gaining for the sixth consecutive trading session. The currency continued to get support from risk aversion on markets, which made investors stick with safer assets. One of the main reason for investors’ worries was the collapse of stock markets following the policy announcement from the Federal Reserve. Most US stock indices fell more than 1% yesterday, while today most Asian stocks posted […]
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December 212018
British Pound Trades Sideways Despite the Positive UK GDP Data
The British pound has traded in a wide range against the US dollar during today’s session as the bears and the bulls fought for control over the currency’s price direction. However, neither camp was winning after the release of positive UK quarterly GDP data accompanied by disappointing public borrowing data. The GBP/USD currency pair today traded between a high of 1.2698 and a low of 1.2642 as the sellers and buyers fought for control. The currency pair opened today’s […]
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December 212018
EUR/USD Declines as Risk Aversion Grabs Hold of Markets
EUR/USD declined today as markets were in the risk-off mode due to the slump of stocks around the world following the monetary policy announcement from the Federal Open Market Committee. Slightly disappointing US gross domestic product did little to halt the slump of the currency pair. US GDP expanded 3.4% in Q3 2018 according to the third and final estimate. Economists had expected the same 3.5% rate of growth demonstrated in the preliminary estimate. The US economy […]
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