PMI — News Archive

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.

Dollar Shows Resilience in Face of Poor Reports

Today, US macroeconomic data was disappointing yet again following the set of positive reports released on Monday. It did not affect the US dollar in a strong manner as the greenback fell against the Great Britain pound, but managed to keep gains versus the euro and the Japanese yen.

Euro Struggles Even After Positive Economic Data

Euro’s latest economic data was better than expected, but that doesn’t seem to be solving the 18-nation currency’s problems right now. Euro is still struggling in Forex trading, with many thinking that issues in Ukraine represent a risk to the eurozone economy.

Swissie Loses Shine as Fears Recede

The Swiss franc tumbled today as the improving geopolitical situation made traders to lighten up some of their positions in safe assets, including the Swissie. The Japanese yen, another currency that is perceived to be safe, was even weaker, falling against its Swiss counterpart.

UK Pound Recovers After Earlier Drop

UK pound is regaining lost ground against the US dollar today. Earlier, sterling fell against the greenback after the release of the latest PMI data. Now, though, the UK pound is gaining against its low beta counterparts as risk appetite soars.



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