The US dollar tumbled against major rivals on Friday following the release of lackluster manufacturing activity data and weak new home sales. Traders’ appetite for the greenback was also affected
The Canadian dollar today weakened against the US dollar after the release of disappointing Canadian inflation data by Statistics Canada. The Consumer Price Index report for the month of May disappointed both
EUR/JPY is trading flat lined above 4-hour 200-MA level of 124.14 as EUR traders look to Eurozone PMI release for evidence that the first
The Norwegian krone rose against the US dollar today after the nation’s central bank basically ruled out the possibility of an interest rate cut. The gains of crude oil also helped
The British pound traded within a tight range against the euro and the US dollar on Thursday after erasing some of the gain it posted on Wednesday. Comments made by an official from the Bank
Talking Points – Euro-Zone consumer confidence picked up in June, rising to -1.3 from -3.3, according to a measure published by the European Commission.
The Canadian dollar surged against the US dollar and the British pound on Thursday following the release of retail sales data for April, which revealed solid growth. The positive data came after
The Japanese yen rose against other most-traded currencies as the drop of crude oil weighed on inflation in developed economies. The yen was rising today as US crude dropped to almost $42.
The New Zealand dollar rose today after the monetary policy meeting of the Reserve Bank of New Zealand dollar, which was considered to be hawkish by market participants. The RBNZ kept
The US dollar traded within a tight range against the euro on Wednesday following strong gains earlier this week that were stoked by an improved outlook for higher interest rates