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Day: August 13, 2019
August 132019
US Dollar Strengthens on Trade Concessions, Higher Inflation
The US dollar is strengthening on Tuesday, buoyed by the White House delaying tariffs on Chinese imports until December and higher consumer prices in July. The greenback was capped on greater expectations over the central bank cutting interest rates again next month. On Tuesday, the United States Trade Representative (USTR) office announced that the federal government will postpone tariffs on Chinese imports from September 1 to December 15. It also […]
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August 132019
Euro Falls on Risk-Off Sentiment and Upbeat US Inflation Data
The euro today fell to its daily lows against the US dollar in the Asian session as the greenback rebounded driven by the risk-off investor sentiment amid. The EUR/USD currency pair rallied from its intra-day lows in the early European session, but later gave up its gains and printed new daily lows in the American session. The EUR/USD currency pair today rallied to a high of 1.1228 in the mid-European session before falling to a low of 1.1170 in the American […]
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August 132019
Aussie Tries to Recover as Business Confidence Improves
The Australian dollar gained a little today after the Australian business confidence improved. Gains were limited, though, as the data was not particularly great and risk aversion continued to weigh on riskier currencies. In fact, the Australian currency has lost gains against most of its rivals by now. National Australia Bank reported that the business confidence improved to +4 in July from +2 in June. But the business conditions demonstrated exactly opposite […]
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