The NZD USD exchange pair managed to recover from its slump in yesterday’s trading. Then NZD had a tough rally on the earlier half of the day after the data from the ANZ Bank disappointed kiwi traders. The NZD USD pair went down by 0.17% or 0.0011 points in the first half of Thursday’s trading. …
The NZD USD trading pair went down as the New Zealand dollar weakened over the disappointing data from ANZ Banks’s business confidence indicator. The data from the ANZ indicator showed that business confidence in New Zealand declined in August to -52.8. The upset data disappointed Kiwi traders and caused the NZD to drop. The NZD …
Traders in the FX market were slightly relieved as the US dollar regained some of its strength in yesterday’s trading. The greenback recently started off the week on a negative note. The US dollar slowly made headway on Wednesday’s trading as investors regain their risk appetite. The US dollar index recovered, moving up 0.11%, or …
The FX market saw the US dollar and its futures steadying in today’s trading. The struggling dollar is slowly and cautiously making headway in sessions. Traders are getting more and more concerned as the conflict between the US and China escalates. The dispute keeps on affecting the global economy while bond yields continue to slip. …
FX Market: USD Steadies Against Trade War Concerns Read More »
The AUD weakened in yesterday’s trading after RBA’s Guy Debelle commented on the US-China trade war. The Australian dollar lost against major currencies from the West in Yesterday’s trading. The AUD to USD trading pair lost 0.37% or 0.0025 points. The pair reached ranges between $0.6746 and $0.6781 in Tuesday’s sessions. The EUR to AUD …
The Reserve Bank of Australia warned traders about the risks brought by the trade war to the AUD and other currencies. According to the RBA, the Sino-US trade conflict poses significant risks or threats based on their study. Their research suggests that the consumer has gotten more reluctant to spend their money in local shopping …
The Turkish lira fell hard against the greenback in yesterday’s trading. The lira recorded the first flash crash since January 3, 2019. The USD to TRY trading pair went up by 1.04% in yesterday’s session. The pair reached ranges between ₺5.7732 and ₺5.8495. The greenback took advantage of the weakening lira as traders worry about …
The Turkish lira had a downward run against the greenback in Monday’s trading sessions. The Turkish currency tumbled by over 1% which the forex market calls a “flash crash.” The fall is caused by the Japanese investors cutting risk assets against the ongoing trade war between the US and China. The USDTRY trading pair went …
US Dollar Index dipped during Thursday’s session against news about the US Federal Reserve. This week, the US Federal Reserve officials are scheduled to have their annual Jackson Hole Seminar. Jerome Powell, US Fed Chairman, is expected to make a speech on Friday addressing the recent Treasury yield curve inversion. The USD Dollar had a …
News from the US Federal Reserve minutes gave the USD dollar some strength to hold on to some of its gains. The USD dollar continues to trade in positive territories since yesterday. The US Dollar Index inched up by 0.03% or 0.03 points in today’s session. the US Dollar Index Futures moved up by 0.03% …
The yuan started yesterday’s session on the edge against the US dollar. However, it made a slight comeback in the later sessions. Analysts have largely expected the yuan’s recovery, and its weakness was traced to the announcement of the People’s Bank of China (or PBOC). The CNYUSD trading pair slipped by 0.04%, or 0.0001, points …
The Chinese yuan continues to weaken in today’s trading after the People’s Bank of China announced their new benchmark. The yuan remains on edge against the US dollar in Wednesday’s session. The CNYUSD trading pair gained 0.16%, or 0.0002 points. The pair currently trades around $0.1417 against its last close of $0.1415 and has reached …
Europe’s single currency lost its footing against the greenback in yesterday’s sessions. The USD remained stubbornly strong as the tension between Beijing and Washington continues. The EUR/USD pair edged up 0.03% or 0.0004 points yesterday. The pair traded around ranges between $1.1071 and $1.1089 in sessions. The US Dollar Index slightly edged up 0.02% or …
The single currency slipped against the greenback in today’s trading as the Central Bank of Germany warns about the slowing economic activity. The EURUSD trading pair was seen edging up by 0.01% to 0.05% in sessions. The trading pair reached ranges between $1.1074 and $1.1089 in Tuesday’s trading sessions. Recently, Germany’s central bank warned about …
The recently released data from the UK house sales report gave the British pound some hopes in yesterday’s trading session. The data showed a 6.1% increase year on year in the month of August. The sterling took advanced against the greenback yesterday. The GBP to USD trading pair lost 0.22% or 0.0027 points. The GBPUSD …
Pound Received Support Yesterday from UK House Data Read More »
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