PMI — News Archive

Factory Data Helps Euro

Factory data is helping the euro today, boosting confidence in the 17-nation currency region. However, there are still questions about the euro, and concerns about what could be next. As a result, it appears that the euro’s rally is somewhat limited.

Aussie Advances with Retails Sales & China’s Services

The Australian dollar advanced today as domestic retail sales exceeded forecasts, giving hopes that the Reserve Bank of Australia will refrain from an interest rate cut. Positive data from China supported the currency too.

Pound Weak After Manufacturing Report

The Great Britain pound dropped today as UK manufacturing expanded last month less that was expected, while speculations about Dectaper continued to plague the Forex market. The currency also erased today’s gains versus the euro.

Yuan Little Changed After Manufacturing Reports

The Chinese yuan was little changed today against the US dollar even as both government and private reports showed an expansion of the nation’s manufacturing sector.

Dollar Jumps vs. Euro on QE Tampering Speculations

The US dollar jumped against the euro today on speculations that the Federal Reserve may perform quantitative easing tampering rather soon. The currency was flat versus the Great Britain pound and fell against the Japanese yen.

Euro Continues to Gain Ground

Even with the latest drop in the PMI, the euro is still surging in Forex trading. Indeed, the 17-nation currency continues to defy expectations and move higher as risk appetite improves and Forex traders become more confident about the eurozone economy.

Indonesian Rupiah Rises as China’s PMI Improves Sentiment

The Indonesian rupiah rose a little today as China’s manufacturing index ticked up this month, improving prospects for exports of Indonesia. The positive data improved the market sentiment that was previously negative.

NZ Dollar Drops Despite Favorable Fundamentals

The New Zealand dollar dropped today on concerns that the US government shutdown will hamper global economy growth. The currency remained weak even though other fundamentals were highly supportive.

Pound Mixed After Construction PMI

The Great Britain pound was mixed today, rising against the US dollar, but falling versus the Japanese yen. The construction report was the likely source of the confusion as it showed that the sectors continued to grow, but with slower pace than traders have hoped for.

Dollar Posts Gains, Remains in Danger

The US dollar posted gains against other major currencies, including the euro and the Great Britain pound (but excluding the Japanese yen), today. The currency remains in danger from the impact of the US government shutdown.

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