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Day: May 14, 2019
May 142019
Euro Fails to Rally amid US-China Trade Spat, Macroeconomic Data Doesn’t Help
The euro attempted to rally today but reversed movement against most of its rivals later, erasing gains against some of them outright. Traders remained cautious about the ongoing US-China trade conflict, while mixed macroeconomic data was not helping the currency either. The day started with a positive data in Germany as Destatis reported that the consumer price index rose 1.0% in April from the previous month — the same as in March […]
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May 142019
Pound Soft After Mixed Employment Data
The Great Britain pound was generally soft today, dragged down mostly by the market sentiment. Domestic employment data was mixed, providing both positive and negative surprises, and therefore giving no help for the currency in finding direction. The Office for National Statistics reported that the unemployment rate fell to 3.8% in the three months through March from 3.9% in the previous reporting period. That was the lowest level of unemployment since October-December 1974. […]
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May 142019
US Dollar Rebounds As Markets Recover From Trade War Fallout
The US dollar is rebounding on Tuesday as global financial markets recover from the latest development in the US-China trade war. Despite trade war fears dampening the US economy, experts say that America holds the upper hand because of how strong it is performing. Investors are also combing through recent trade pricing data. International equities were rocked on Monday after Beijing confirmed it was retaliating […]
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