PMI — News Archive

Japanese Yen Drops as Funds are Moved Overseas

Japanese yen is heading lower today, dropping against its major counterparts, as Japanese investors purchase overseas bonds and as the data out of China turns out to be better than expected.

Pound Climbs as BoE Maintains Policy & Manufacturing Expands

The Great Britain pound jumped today after the Bank of England left its monetary policy unchanged and as manufacturing expanded in July faster than was expected by market participants.

Euro Gains on Improving PMI, Down vs. Dollar

Euro gained as positive data from the eurozone was surprisingly good, giving hope that the European economy will be able to emerge from recession without additional stimulating measures from policy makers.

Aussie Suffers from Decline of China’s Manufacturing

The Australian dollar slumped today as the decline of China’s manufacturing unexpectedly accelerated last quarter, reigniting concerns about growth in the major Asian economy and the biggest trading partner of Australia.

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.

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