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Aussie Falls on CPI Miss and Hong Kong Dollar Slide Continues, Now at Fourteen-Month Lows

Within the past hour, the Australian dollar has fallen sharply following weaker than expected CPI data. Figures from the Australian Bureau of Statistics show that consumer prices grew 0.5% in the first-quarter of 2017 and at an annualized rate of 2.1%. AUD/USD fell from 0.7539 to 0.7508 on the news and, as of writing, trades... View article >
Currency:
Posted on 26 April 2017 | 3:16 am GMT
Author: Joel Wright

New Zealand Dollar – Wed Apr 26: NZD Down vs USD, GBP, EUR, AUD, CNY & FJD.

New Zealand Dollar down -1.01% against the United States Dollar, down -1.33% against the British Pound Sterling, down -1.62% against the Euro, down -0.6% against the Australian Dollar, down -1% against the Chinese Yuan and down -1% against the Fijian Dollar. NZD 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month NZD... View article >
Currency:
Posted on 25 April 2017 | 9:03 pm GMT
Author: BER Research

Trump Whacks Loonie with Softwood Lumber Stick

President Trump took a soft-wood lumber stick and whacked the Loonie upside the head. The US is imposing a 20% counter-vailing duty on Canadian softwood lumber imports.  And the Canadian Dairy industry is in the cross-hairs. For President Trump, the Canadian Softwood lumber and Dairy industries are easy wins for the man promoting” Fair Trade,... View article >
Posted on 25 April 2017 | 12:49 pm GMT
Author: Agility Forex

Pound Gains against Commodity-Correlated Peers

Sterling GBP/USD 1 Week Chart The Pound (GBP) struggled to push higher against its main rivals on Monday as investors’ attention was on the Euro following the first round of French elections. A report from the Confederation of British Industry (CBI) on UK Business Confidence also applied some downward pressure on Sterling yesterday as the... View article >
Posted on 25 April 2017 | 8:22 am GMT
Author: TorFX

Yen to Weaken Against US Dollar in Coming Months, Says Citi Bank, and US Protectionism Begins with Trump’s Canadian Lumber Tax

In their latest weekly foreign exchange report, US giant Citi Bank have predicted a rise to 118.0 in USD/JPY in the coming 6-12 months, representing a 7% fall in the dollar buying power of the yen. The yen will depreciate against the dollar as US Treasury yields rebound following future announcements on US fiscal stimulus... View article >
Currency:
Posted on 25 April 2017 | 3:56 am GMT
Author: Joel Wright

Euro Soars on French Vote

EURUSD gapped higher at the Asia open. News that Emmanuel Macron defeated Marine Le Pen in the French presidential election on April 23 lifted the single currency from Friday’s New York close of 1.0700 to 1.0934. That move triggered a price gap in USDJPY which popped to 110.62 from 109.06., leaving a large gap between... View article >
Posted on 24 April 2017 | 12:26 pm GMT
Author: Agility Forex

Pound Tumbles Against Euro Following First Round of French Election

Sterling GBP/USD 1 Week Chart The Pound (GBP) had a mixed start to this week’s session but sentiment remained largely upbeat following Prime Minister Theresa May’s call for an early general election in June. Analysts expect the early election will lead to greater Conservative majority in parliament, allowing May to pursue her plans to leave... View article >
Posted on 24 April 2017 | 9:47 am GMT
Author: TorFX

Euro Jumps to Multi-Month Highs Vs. USD, NZD and AUD: Markets See Macron as Near Certainty for French Presidency as He Faces Le Pen in Election Second Round

There’s only one story in town this morning – the battle for Europe’s future, otherwise known as the French general election. As had been predicted for many months, the pro-Europe, centrist candidate Emmanuel Macron and the far-right, Eurosceptic candidate Marine Le Pen have made it through to the head-to-head second round of voting, to take... View article >
Currency:
Posted on 24 April 2017 | 3:31 am GMT
Author: Joel Wright
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