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Day: May 7, 2019
May 72019
Australian Dollar Gains on RBA Surprise, Trims Gains Later
The Australian dollar jumped today after the nation’s central bank surprised markets, keeping interest rates unchanged. The currency has trimmed its gains by now, though, losing them against the Japanese yen completely. The Reserve Bank of Australia left its main interest rate unchanged at 1.5% during today’s monetary policy meeting. That surprised market participants who were counting on a cut to 1.25%. Yet the statement sounded rather […]
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May 72019
Euro Drops on Market Sentiment and Weak German Factory Data
The euro today fell against the US dollar as market risk sentiment remained subdued due to the uncertainty associated with the Sino-US trade negotiations. The EUR/USD currency pair also fell due to weak German factory data, which painted a gloomy picture of the eurozone’s largest economy, and the euro area at large. The EUR/USD currency pair today fell from a high of 1.1217 in the Asian session to a low of 1.1165 in the American session and was near these […]
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May 72019
Japanese Yen Surges As Manufacturing Returns to Expansion
The Japanese yen is roaring against several of its major currency rivals on Tuesday, buoyed by positive manufacturing numbers. But the gains were slightly capped on concerns over the intensifying trade war between the worldâs two largest economies and what their fallout might mean for Tokyo. Last month, Japanese manufacturing activity expanded for the first time since January as businesses hired more workers amid growing optimism pertaining to the economy, […]
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