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Day: June 4, 2019
June 42019
Euro Falls From 3-Week Highs, Later Recovers to Trade Flat
The euro today rallied to new 3-wek highs earlier in the session driven by improved risk sentiment and broad US dollar weakness before retreating later in the session. The EUR/USD currency pair fell from its highs as the European session progressed driven by the greenback’s resurgence and the disappointing eurozone employment and inflation data. The EUR/USD currency pair today rallied to a high of 1.1277 before falling to a low of 1.1225, but had retraced some of its losses […]
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June 42019
Japanese Yen Weakens Despite Better Q1 GDP Amid Higher Business Spending
The Japanese yen is weakening against several major currencies on Tuesday, despite upbeat economic data and positive news that should strengthen the safe-haven currency. So far this year, the yen has made commendable gains against a basket of rivals, attracting investors fleeing from geopolitical tensions and trade strife. Domestic business spending surged in the first quarter, shows the latest Ministry of Finance (MOF) data. According to the Japanese government, […]
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