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Forex News
June 282018
Japanese Yen Loses Gains After Retail Sales Disappoint
The Japanese yen rallied intraday during the Thursday’s trading session but has lost its gains by now. Worse-than-expected domestic retail sales data was not helping the currency. Japan’s retail sales rose 0.6% in May, year-on-year. That was a far slower pace of growth than 1.3% predicted by analysts and 1.5% registered in April. Month-on-month, sales dropped 1.7% — the biggest decline in 21 months. USD/JPY was down from […]
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June 282018
New Zealand Dollar Slumps After RBNZ Dovish Statement
The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated. The RBNZ left its main interest rate at 1.75%. Such decision was widely expected. While the central bank said that “outlook for the New Zealand economy […] remains intact,” it outlined plenty of risks. Globally, trade wars was […]
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June 282018
New Zealand Dollar Slumps After RBNZ Dovish Statement
The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated. The RBNZ left its main interest rate at 1.75%. Such decision was widely expected. While the central bank said that “outlook for the New Zealand economy […] remains intact,” it outlined plenty of risks. Globally, trade wars was […]
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June 282018
Euro Declines on Weak German CPI and US GDP Data, Later Recovers
The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations. The EUR/USD currency pair today rallied from a low of 1.1526 to a high of 1.1600 before heading lower following the German and US releases. The currency pair […]
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June 282018
Euro Declines on Weak German CPI and US GDP Data, Later Recovers
The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations. The EUR/USD currency pair today rallied from a low of 1.1526 to a high of 1.1600 before heading lower following the German and US releases. The currency pair […]
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June 272018
Pound Drops, Manages to Recover Against Some Rivals
The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% in June. While it seemed a decent enough reading, especially compared to the predicted increase by just 0.3% and the drop by 0.2% logged in May, experts pointed out […]
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June 272018
Pound Drops, Manages to Recover Against Some Rivals
The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% in June. While it seemed a decent enough reading, especially compared to the predicted increase by just 0.3% and the drop by 0.2% logged in May, experts pointed out […]
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June 272018
New Zealand Dollar Falls After Economic Data, Ahead of RBNZ
The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). That is instead of a decline to NZ$100 million predicted by economists. The ANZ Business Confidence worsened to -39.0 in June from -27.2 in May. The report commented on the result: […]
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June 272018
New Zealand Dollar Falls After Economic Data, Ahead of RBNZ
The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). That is instead of a decline to NZ$100 million predicted by economists. The ANZ Business Confidence worsened to -39.0 in June from -27.2 in May. The report commented on the result: […]
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June 272018
US Dollar Rises as Trump Avoids Harshest Measures on China
The US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade balance also served to strengthen the greenback in the early American session. The US dollar today gained against its main trading peers as tracked by the US Dollar […]
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