PMI — News Archive

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.

Eurozone PMI and Risk Aversion Send Euro Lower

Euro is mostly lower today, losing ground as the latest PMI data weighs on the 18-nation currency, and as risk aversion sets in. Concerns about China’s recently released — and disappointing — data are weighing on sentiment, and it’s not helping that gold is pulling back as well. Add to the worries about the eurozone in general, and it’s no surprise the euro is struggling.

NZ Dollar Shows Resilience in Face of Detrimental Fundamentals

Both domestic and overseas fundamentals were negative for the New Zealand dollar, and the currency dropped against the Japanese yen at the first half of today’s trading session. Yet despite the detrimental factors the kiwi managed to rebound against the yen, erasing losses, and to rise a bit versus the US dollar.

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.

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