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Forex News
July 232018
Strength of Swiss Franc Signals About Risk Aversion on Forex Market
The Swiss franc was relatively strong today, rising against such currencies as the US dollar and the euro, though not the Great Britain pound and the Japanese yen. The fact that both the yen and the franc were strong today suggested that traders were seeking safety, not higher yields. As for fundamentals specific to the Swissie, there were none, with the Credit Suisse Economic Expectations due for release on Wednesday being the only economic release […]
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July 232018
Yen Strongest on Monday, Boosted by JGB Yields & BoJ Speculations
The Japanese yen was the strongest major currency today, rising against all of its most-traded peers. Some market analysts attributed the strength of the currency to the sharp rise of the 10-year Japanese government bond yields. Others explained the yen’s rally by speculations about possible reduction of monetary stimulus by the Bank of Japan. Today’s calendar was empty in terms of economic news from Japan, and traders were waiting for tomorrow’s manufacturing and inflation reports. USD/JPY […]
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July 232018
Yen Strongest on Monday, Boosted by JGB Yields & BoJ Speculations
The Japanese yen was the strongest major currency today, rising against all of its most-traded peers. Some market analysts attributed the strength of the currency to the sharp rise of the 10-year Japanese government bond yields. Others explained the yen’s rally by speculations about possible reduction of monetary stimulus by the Bank of Japan. Today’s calendar was empty in terms of economic news from Japan, and traders were waiting for tomorrow’s manufacturing and inflation reports. USD/JPY […]
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July 202018
Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data
The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic releases. The USD/CAD currency pair today dropped from a high of 1.3289 to hit a low of 1.3117 after the Canadian releases. The currency pair headed lower due […]
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July 202018
Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data
The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic releases. The USD/CAD currency pair today dropped from a high of 1.3289 to hit a low of 1.3117 after the Canadian releases. The currency pair headed lower due […]
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July 202018
EUR/USD Trades Sideways on Italian Political Concerns
The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday. The EUR/USD currency pair today traded in a range between a high of 1.1673 and a low of 1.1626 up to the time of writing. The currency pair rallied slightly in the Asian session capitalizing on the US dollar […]
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July 202018
EUR/USD Trades Sideways on Italian Political Concerns
The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday. The EUR/USD currency pair today traded in a range between a high of 1.1673 and a low of 1.1626 up to the time of writing. The currency pair rallied slightly in the Asian session capitalizing on the US dollar […]
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July 192018
Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would […]
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July 192018
Switzerland âCan Live Withâ Franc Being Overvalued Against the Euro
The Swiss franc is overvalued compared to the euro, but the nation and its businesses âcan live withâ the current exchange rate, says Ueli Maurer, Switzerlandâs Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks. Speaking in an interview with Reuters earlier this week, Maurer said that his government would […]
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July 192018
British Pound Hits 10-Month Lows on Disappointing UK Retail Sales
The British pound today dropped to new 10-month lows following the release of disappointing UK retail sales data for June. The GBP/USD currency pair extended its losing streak for the third consecutive day even as investors ditched the pound on Brexit jitters amid recent weak economic releases. The GBP/USD currency pair today dropped from an initial high of 1.3082 to a low of 1.2974 and was on a downtrend at the time of writing. The UK retail sales data […]
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