PMI — News Archive

Japanese Yen Surges on Safe Haven Demand

Uncertainty is once again taking hold of the markets, and Forex traders are looking for a safe haven. As a result, it is little surprise that the Japanese yen is surging higher today.

Pound Maintains Gains vs. Euro & Yen, Stays Soft vs. Dollar

The Great Britain pound rallied versus the euro and the Japanese yen yesterday and maintained gains today as the construction sector expanded last month. The currency remained weak versus the US dollar.

GBP Firm vs. USD & JPY on Manufacturing

The Great Brian pound rose against the US dollar and the Japanese yen yesterday and kept the gains today as the manufacturing sector expanded last month with faster pace than was expected. The currency remained soft versus the euro.

Yuan Advances as Chinese Manufacturing Expands

The Chinese yuan advanced today as the government report showed that manufacturing continued to expand last month and Chinese officials tried to soothe worries about the recent liquidity crunch.

Aussies Falls with China’s Manufacturing PMI

The Australian dollar touched the lowest level in more than two years against its US peer today as China’s manufacturing slowed more than was expected and the US Federal Reserve signaled that it may tamper its quantitative easing later this year.

Good Domestic Fundamentals Do Not Help NZ Dollar

The New Zealand dollar retreated today even though domestic macroeconomic data was rather good and suggested that the economy is faring well.

Canadian Dollar Goes Lower on Mixed US Data

The Canadian dollar fell today as mixed US macroeconomic reports created uncertainty and confusion on the Forex markets, making riskier currencies less appealing to investors.

Pound Rises as Services Expands Faster than Expected

The Great Britain pound advanced today as UK service industries expanded last month with fastest pace in more than a year, exceeding analysts’ expectations and adding to signs of economic recovery in the United Kingdom.

GBP/JPY Rises After Surprising Expansion of Construction PMI

The Great Britain pound rose against the Japanese yen today as construction made a pleasant surprise, unexpectedly expanding last month, adding to signs of recovery. The currency was little changed against the US dollar and the euro.

Euro Swings Between Gains and Losses Against Dollar

Euro is moving between gains and losses against the US dollar today. Trading has been choppy as Forex traders try to work through some of the uncertainty surrounding the two currencies.

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