PMI — News Archive

Canadian Dollar Shows Mixed Performance Ahead of Tomorrow’s Data

The Canadian dollar rose against the US dollar and the Japanese yen, but fell versus the euro today. Macroeconomic data from Canada was mixed today, while specialists expect that tomorrow’s employment report should be very good.

Economic Data Does Not Help Dollar Establish Trend

The US dollar was not able to establish a definite trend today as macroeconomic data was mixed and did not provide a clear picture of the US economic health. The greenback was down against the Japanese yen and a bit lower versus the euro, but rose a little against the Great Britain pound.

Surprisingly Bad Macroeconomic Indicators Push Sterling Down

The Great Britain pound dropped today due to surprisingly disappointing data from the United Kingdom. The services index unexpectedly fell and shop prices demonstrated deflation for the ninth month in a row.

Yen Falls for the First Day in Five

The Japanese yen fell today as fears on the Forex market eased, damping demand for riskier currencies. It was the first day of losses after the four-day rally versus the euro and the Great Britain pound.

Poor Start of Week for South Korean Won

The South Korean won dropped today as poor macroeconomic data from China and quantitative easing tapering from the Federal Reserve resulted in risk aversion that hurt currencies of emerging markets.

Yen Gains as Data Suggests No More Stimulus Needed

The Japanese yen advanced as a set of good macroeconomic report was released from Japan today, suggesting that policy makers do not need to implement additional monetary stimulus and may even consider an exit from the current excessively accommodative policy.

Aussie Drops After Chinese Manufacturing Report

The Australian dollar dropped today after a report showed an unexpected contraction of the Chinese manufacturing sector. The data made investors worried about growth in the Asian economy and made them less willing to buy riskier assets.

Yuan Flat After Manufacturing PMI Slips

The Chinese yuan was little changed against the US dollar today after data showed that Chinese manufacturing sector expanded with slower a pace than was predicted by analysts.

Euro Heads Higher on Better Economic Data

Euro is gaining ground today, heading higher as better economic data helps the 17-nation currency. Factory output grew at a better rate than expected, and Germany is once again leading the economic recovery charge. Euro is gaining against most of its major counterparts as a result.

Falling Services PMI Makes Sterling Weaker

The Great Britain pound was relatively flat against the US dollar and the euro today after yesterday’s drop, but continued to fall against the Japanese yen. The losses were caused by the decline of the services’ index.



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