Australian Dollar drops to one-week low as USD remains strong
The AUD/USD pair has faced significant selling pressure for a second consecutive day, breaking above the 0.7200 mark and reaching its lowest point in almost a week during early European trading. Currently, the spot price is around 0.7160, reflecting a drop of 0.85% for the day, and it appears set to close the week on […]
EUR/USD declines to a new five-week low as the dollar strengthens in the week’s final days
The pair is currently at 1.1630, down by 0.3% as we approach the European session. While this drop might not seem significant on the surface, the price movements and charts from this week suggest otherwise. Since mid-April, the euro has been fluctuating slightly against the dollar, trapped between the 200-day moving average acting as a […]
Australian Dollar declined from four-year peaks before RBA minutes and China statistics
The AUD/USD pair dropped 0.5% on Thursday, pulling back from a four-year peak as trading volume decreased throughout the afternoon. This pair is nearing the 0.7280 mark, the strongest level since June 2022, but the recent bullish momentum appears to be waning after the latest rally. The daily candlestick closed close to the day’s low. […]
New Zealand Dollar falls to new session lows before PMI and PPI announcements
The NZD/USD dropped by 0.4% on Thursday, continuing its decline throughout the trading session and ending the day near its lowest point. Recently, this currency pair has been stuck in a wide range, unable to revisit the early March highs around 0.6120. The bearish momentum picked up during the afternoon, forcing the price to close […]
Australian Dollar declines as US Retail Sales align with expectations
The AUD/USD pair dropped to approximately 0.7220 on Thursday as the US dollar gained strength after robust retail sales data for April was released. Support for the dollar emerged as U.S. retail sales saw a 0.5% increase in April, aligning with market predictions and demonstrating that consumer spending remains strong, even with rising borrowing costs. […]
New Zealand Dollar drops as optimism around Trump and Xi and strong US data support the Dollar
The New Zealand dollar (NZD) is facing challenges against the robust US dollar (USD) as NZD/USD dropped to approximately 0.5920 on Thursday, marking a 0.28% decline for the day. This shift follows an improvement in sentiment concerning U.S.-China relations and a set of U.S. economic data that suggests the Federal Reserve may maintain its tight […]
New Zealand Dollar steadies with a downward trend as local economic uncertainties grow
The NZD/USD currency pair is holding steady after experiencing three consecutive days of decline, currently sitting around 0.5930 during European trading hours on Thursday. The New Zealand dollar (NZD) is under considerable pressure, largely due to rising concerns over potential domestic fiscal issues. Investors appear to be becoming increasingly cautious regarding the currency’s short-term outlook. […]
Australian Dollar pulls back from daily high as US PPI figures surpass expectations
The AUD/USD pair saw an increase of roughly 0.3% on Wednesday. It steadily rose during the day, hitting a peak close to the recent cycle high before settling a bit lower, still in the profit zone. Price movements throughout the session began with the Asian markets and continued to New York, followed by a pullback […]
New Zealand Dollar loses recent gains as high US PPI counteracts rising RBNZ expectations
The NZD/USD exchange rate finished nearly unchanged on Wednesday, though the session saw a notable fluctuation of around 50 pips. In the early hours in the Asia-Pacific region, the pair climbed to a high, only to experience significant selling later, reaching a low during New York trading. It has since partially recovered, settling close to […]
US inflation data boosts US Dollar as markets prepare for Retail Sales and UK GDP
Here’s what you need to know on Thursday, May 14th. The US Dollar Index (DXY) climbed toward the 98.50 mark, hitting its highest point since late April. This surge followed better-than-anticipated data from the US Producer Price Index (PPI). In April, the headline PPI increased by 1.4% month-over-month, surpassing the expected 0.5%. The core PPI […]