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Day: September 7, 2019
September 72019
Risk Appetite Makes US Dollar End Week Among Losers
The US dollar ended the past trading week among the weakest currencies on the Forex market, along with the Japanese yen and the Swiss franc, due to risk appetite among traders. Negative domestic employment data also hurt the greenback. Commodity currencies were the strongest. The most important piece of news this week was the report that the United States and China are going to resume their trade negotiations. The efforts of China’s central bank […]
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September 72019
Japanese Yen Firm Despite Risk Appetite, Comments from BoJ’s Kuroda
The Japanese yen gained against most major currencies on Friday. That is despite comments of the central bank’s chief and risk appetite on markets, which limited appeal of safe currencies. Bank of Japan Governor Haruhiko Kuroda said that, while the Japanese economy is on track to reaching the central bank’s 2% inflation target, the trade war between the United States and China may derail it: We can’t rule out […]
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September 72019
Canadian Dollar Rallies with Help of Domestic & Global Fundamentals
The Canadian dollar gained today, joining other commodity currencies in a rally. While the positive general sentiment on the Forex market undoubtedly helped the currency, it also had its own reasons to rise. The biggest positive factor for the loonie of Friday was an extremely positive employment report. Statistic Canada reported that the number of employed Canadians increased by 81,100 in August, though gains were mostly in part-time works. The result was far better […]
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