PMI — News Archive

New Multi-Year Record for GBP/USD After Release of Services PMI

The Great Britain pound jumped today, reaching the new multi-year high versus the US dollar, after the gauge of the UK services industry rose, beating analysts’ expectations.

EUR/USD Goes Higher with Help from Economic Data

The euro gained on the dollar today as the set of extremely positive macroeconomic reports for Europe reduced chances for the European Central Bank to add more stimulus at this week’s policy meeting. The currency fell a little versus the Japanese yen and retreated against the Great Britain pound.

UK Pound Pulls Back After Friday’s Performance

Last Friday, the UK pound put on quite the show, reaching a level not seen in four years against the US dollar. Today, the pound is pulling back against its major counterparts as Forex traders consolidate and take profits.

Yen Profits from Its Role as Safe Investment

The Japanese yen climbed today as poor macroeconomic data from China and escalating tensions in Ukraine put the Forex market in the risk-off mode, which supported the currency in its role of a safe haven.

Positive Data Helps GBP Reach Multi-Year Record vs. USD

The Great Britain pound rose today, reaching new highs versus the US dollar, as economic reports from the United Kingdom were mostly good, confirming that recovery of the UK economy is gaining momentum.

Australian & Chinese Economic Data Negative for Aussie

The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum.

Slow Growth Drags Euro Lower

Euro is dragging today, heading lower as slower growth in the eurozone hurts performance. The German data was disappointing, and as was a PMI reading for the entire eurozone. With the dollar firming, thanks to the latest out of the Federal Reserve, it’s no surprise that the euro is struggling.

Aussie Resilient in Face of Poor Chinese Manufacturing PMI

The Australian dollar slipped at the start of the current trading session but rebounded and trades above the opening level as of now. The decline was caused by the worse than expected China’s manufacturing data released over the weekend.

Canadian Dollar Appreciates with Support of Positive Fundamentals

The Canadian dollar advanced today with help of domestic economic reports that suggested that Canada’s growth gains momentum, adding to signs of improvement in the global economy. As most other currencies, the loonie lost to the euro, which was the top performer on the Forex market today.

Pound Withstands Unfavorable Housing Data

The Great Britain pound was strong today in spite of economic data that was mixed at best. The housing data was very poor, while the service sector expanded with decent pace even though the growth was a little bit slower.



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