Day: August 16, 2019

August 16
2019

US Dollar Mixed on Data, Lingering Trade Conflict

The US dollar is mixed against a myriad of currencies to finish the trading week. The greenback is contending with various economic numbers, geopolitical developments, and market events to carve out a concrete direction, which might be the case for the next several trading sessions. The next month might be pivotal for the buck’s performance for the remainder of 2019. In July, retail sales advanced 0.7%, beating market forecasts of 0.3% and the previous month’s 0.3% gain, […]

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August 16
2019

Malaysian Ringgit Gains After Positive Surprise from Economic Growth

The Malaysian ringgit gained today after Malaysia’s economy surprised experts, growing more than expected despite negative fundamentals. Economists remained largely pessimistic, though, arguing that the economy will likely not be able to maintain the impressive performance. Malaysia’s gross domestic product rose 4.9% in the second quarter of 2019, year-on-year, accelerating from 4.5% in the first quarter. The actual increase was a bit bigger than the consensus forecast […]

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August 16
2019

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized. The BusinessNZ Performance of Manufacturing Index fell to 48.2 in July from 51.1 in June. It was the lowest reading since August 2012. Furthermore, slipping below the neutral 50.0 […]

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August 16
2019

EUR/USD Continues to Decline German Yields Fall

EUR/USD continued to decline today. German 10-year yield fell to a new low of -0.725% today amid signs that the European Central Bank is planning to ease its monetary policy further. Market analysts speculated that it was the main reason for the euro’s weakness. Housing starts were at the seasonally adjusted annual rate of 1.19 million in July, down from 1.24 million in June, versus the median forecast of 1.26 million. […]

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