Forex News, Page 5

The news should excite currency traders who have sought to profit from increased volatility in the normally stable yuan this year. As a currency based on a fixed exchange rate controlled by the steady hand of the Chinese central bank, the Yuan has not heretofore received a lot of attention

Earlier in the Day:Economic data released through the Asian session this morning was limited to 3rd quarter NZIER business confidence figures out of New Zealand. Outside of the stats, the RBA also delivered its October interest rate decision and rate statement.For the Kiwi Dollar, business confidence took a turn for

Earlier in the Day:Economic data released through the Asian session this morning included and Australia’s September AIG manufacturing index figures and 3rd quarter Tankan survey numbers out of Japan.For the Aussie Dollar, the AIG Manufacturing Index rose from 56.7 to 59 in September.New orders rose to the highest level since

The U.S. Dollar closed higher last week, helped by expectations of rising interest rates, political turmoil in the Euro Zone and better-than-expected U.S. economic data.For the week, December U.S. Dollar Index futures settled at 94.737, up 0.939 or +1.00U.S. Federal Reserve Raised Rates AgainOn September 26, the U.S. Federal Reserve

Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side, with key stats including August building consent figures out of New Zealand, August job / applications ratio, prelim industrial production, retail sales and September inflation numbers out of Japan and Australia’s private sector

Earlier in the Day:There were no material stats released through the Asian session this morning, leaving the markets to consider the overnight FED rate hike and FOMC projections, Trump’s press conference and this morning’s RBNZ policy decision.For the Kiwi Dollar, the RBNZ held rates at 1.75% as had been expected,

Earlier in the Day:Economic data released through the Asian session this morning was limited to August trade and September business confidence numbers out of New Zealand.For the Kiwi Dollar,The August trade deficit widened from a revised NZ$4,500m to $4,810m in August, year-on-year, and from a revised NZ$196m deficit to a

Earlier in the Day:It was another quiet Asian session on the data front, with no material stats released, the BoJ monetary policy meeting minutes from the August meet the only thing for the markets to consider, which were not only dated, following last week’s BoJ meeting, but also delivering nothing

Earlier in the Day:There were no material stats released through the Asian session this morning, with China and Japan on holiday, leaving the markets to consider geo-political headwinds and key events and stats scheduled for the week, along with the rollout of tariffs on $200bn worth of Chinese goods later

The U.S. Dollar finished lower against a basket of major currencies except the Japanese Yen last week after an easing of tensions over the trade dispute between the United States and China encouraged investors to lift dollar hedges. This led to sharp gains in higher risk and emerging currencies, pressuring

Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to Japan’s August inflation figures and September’s prelim manufacturing PMI.For the Japanese Yen,On inflation, Japan’s national core CPI rose by 0.9% Year-on-year, which was in line with expectations and,

Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to 2nd quarter GDP numbers out of New Zealand.For the Kiwi Dollar, the economy grew by 1% quarter-on-quarter in the 2nd quarter, coming in well ahead of a forecasted

Earlier in the Day:Economic data released through the Asian session was on the heavier side this morning, with stats including 2nd quarter current account and 3rd quarter consumer sentiment figures out of New Zealand and August trade figures out of Japan. On the policy front, the BoJ also delivered its

The financial markets are showing almost no response to the news that China will institute new tariffs of U.S. goods worth $60 billion, according to a Reuters report. The new tariffs of between 5 percent and 10 percent will be placed on a list of 5,207 U.S. products on September

Asia stock markets are posting mixed results early Tuesday in response to an escalation in trade tensions between the United States and China. The reaction is more muted than previous reactions. This could be a sign that investors have accepted the possibility of a prolonged trade war and have learned

Earlier in the Day:Economic data released through the Asian session this morning was limited to 2nd quarter house price figures out of Australia, with the RBA meeting minutes from the 7th September meeting released alongside.For the Aussie Dollar:House prices fell by 0.7% in the 2nd quarter, which was better than

Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction, with the Asian markets having an opportunity to respond to Trump’s late Friday continued call for tariffs on the additional $200bn worth of Chinese goods.With the U.S equity markets larger gains coughed

The U.S. Dollar was pressured most of the week by a pair of weaker-than-expected inflation reports and the news that the U.S. had extended an invitation to China to renew trade talks. However, it was able to recover some of its losses on Friday on the back of upbeat U.S.

Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side, with key stats including August business PMI numbers out of New Zealand, August retail sales, fixed asset investment, industrial production and unemployment numbers out of China, with Japan’s finalized July industrial manufacturing production

Weaker-than-expected U.S. consumer inflation data is helping to generate most of the activity in the markets on Thursday. This news is having an effect on U.S. Treasury yields which is helping to fuel a reaction in the U.S. equity and Forex markets. Forex traders are also reacting to central bank