Forex News, Page 14

Earlier in the Day:After a quiet start to the week, stats released through the Asian session this morning included April industrial production, fixed asset investment and retail sales figures out of China, together with Japan’s tertiary industry activity index, while the RBA also released its meeting minutes from the May

Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction ahead of what’s a particularly busy week, with the Asian markets looking ahead to tomorrow’s trade talks between the U.S and China and the U.S Trade Representative Office public hearings scheduled to

The U.S. Dollar posted a two-sided trade last week before settling nearly flat. Bullish investors drove the Greenback to a multi-month high after 10-year Treasury yields took out the psychological 3 percent level for a second time in a month. However, the rally stopped and the dollar retreated against a

The U.S. Dollar retreated against a basket of major currencies of a third session on Friday, but still managed to close flat for the week. The selling pressure was fueled by profit-taking after a three-week run-up.June U.S. Dollar Index futures settled at 92.41, down 0.11 or -0.11%.The 16-day rally was

The US. Dollar was under pressure against a basket of currencies on Thursday, as a smaller-than-expected rise in consumer inflation encouraged long investors, betting on an acceleration in consumer prices that could drive the Fed to raise interest rates more aggressively, decided to book profits following a prolonged rally in

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to New Zealand’s April Business PMI and New Home Loans out of Australia.For the Kiwi Dollar there was some good news, the Business PMI surging from 52.2 to 58.9 in

Earlier in the Day:Economic data released through the Asian session was on the heavier side this morning, with stats including March current account figures out of Japan, April inflation numbers out of China and house price figures out of the UK, while the RBNZ also delivered its May interest rate

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to April’s retail credit card transactions out of New Zealand and the UK’s BRC Retail Sales Monitor figures for April.For the Kiwi Dollar, it was another weak set of numbers

The U.S. Dollar advanced to its highest level of the year against a basket of currencies on safe-haven buying, as investors reacted to President Trump’s decision to step away from the Iran nuclear deal and re-impose sanctions. The dollar was also supported by political turmoil in Italy that rattled Euro

Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side and including March household spending figures out of Japan, Australia’s March retail sales numbers, April trade figures out of China and 2nd quarter inflation expectation numbers out of New Zealand.For the Japanese Yen,

The U.S. Dollar posted a new high for the year against a basket of currencies on Monday, climbing to its highest level since December 19. The catalysts behind the dollar’s strength is a combination of investors unwinding short positions, fresh money betting on higher rates in the U.S., and signs

With a growth rate of only 0.1%, the U.K. economy post Brexit faces headwinds challenging to overcome with a high-interest rate. Hence, chances for the Bank of England to raise rates at this meeting dropped significantly.The March 2018 vote took many by surprise. Two members favored an increase in the

Earlier in the Day:Economic data released through the Asian session this morning was limited to Australia’s April NAB Business Confidence figures, together with the release of the Bank of Japan’s monetary policy meeting minutes from the March meeting.For the Japanese Yen, the BoJ minutes revealed member caution on coming out

Earlier in the Day:Economic data released through the Asian session this morning was limited to China’s April service sector PMI figures, with the RBA also releasing its monetary policy meeting minutes from Tuesday interest rate decision.For the Aussie Dollar, while the RBA’s hold had been widely anticipated, the tone of

Earlier in the Day:Economic released through the Asian session this morning was on the lighter side, with stats limited to Australia’s March building approval and trade figures.Building approvals rose by 2.6% in March, coming in ahead of a forecasted 1% increase, following February’s revised 4.2% slide. According to the ABS,

The USD is unwinding some of its moves from yesterday, with the EURUSD back above 1.20000 and GBPUSD back above 1.36000. Trading overnight was sluggish but some pairs are at decisive levels, with the AUDUSD back above 0.75000 and NZDUSD back above 0.70000, as New Zealand jobs data came in

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to 1st quarter employment numbers out of New Zealand and China’s April manufacturing sector PMI number.For the Kiwi Dollar there was finally some good news, with New Zealand’s unemployment rate

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, limited to March building consents out of New Zealand and April’s AIG Manufacturing Index numbers out of Australia, with the RBA’s interest rate decision and release of the rate statement the main event

The U.S Dollar remains strong in forex. Poor GDP numbers from the U.K on Friday caused the Pound to stumble.Federal Reserve Outlook Contemplated, U.S Treasuries Remain IngredientChina and Japan are on holiday today. The Korean summit did produce cautious optimism this weekend. And President Trump has indicated the U.S will

Earlier in the Day:Economic data through the Asian session this morning was on the lighter side, but certainly not lacking influence, with key stats including April’s private sector PMI figures out of China, business confidence numbers out of New Zealand and new home sales and private sector credit figures out