GBP/JPY Slips Below 213.00 as UK Political Uncertainty Weighs on Sterling
The GBP/JPY currency pair faced selling pressure near the 213.00 mark on Wednesday as the British Pound weakened following the announcement that UK Prime Minister…
Posts Tagged: Purchasing Managers Index (PMI)
EUR/USD Holds Range as Fragile Ceasefire Hopes, Dollar Weakness Offset Risks
EUR/USD posted a modest gain of around 0.20% on Monday, recovering from overnight lows near 1.1730 to trade close to 1.1790 during the European session….
Pound Slides as Dollar Rebounds Ahead of Fed Decision Despite Strong UK Data
The British Pound comes under renewed selling pressure midweek, with GBP/USD sliding toward the 1.3750 area as the US Dollar stages a firm recovery. The…
AUD/USD Advances as Inflation Hopes, Softer US Dollar Boost Aussie
The AUD/USD currency pair opened the week on a firm footing, trading near the 0.6930 mark at the time of writing and gaining around 0.55%…
EUR/USD Holds Above 1.1600 Despite Weekly Losses and Mixed Economic Signals
EUR/USD is set to close the week with marginal losses of around 0.21%, yet it continues to hold above the key 1.1600 mark for a…
NZD/USD Extends Decline to Three-Week Low as Risk Aversion Supports Stronger US Dollar
The New Zealand Dollar (NZD) continues to lose ground against a resilient US Dollar (USD) on Wednesday, pressured by a cautious market mood and renewed…
Australian Dollar Stays Flat Amid Weak Chinese PMI and US Economic Concerns
The Australian Dollar (AUD) moved sideways on Friday following the release of lower-than-expected NBS Purchasing Managers Index (PMI) data from China. Due to the close…
Japanese Yen Weakens as April CPI Falls to 2.5%, Sustaining BoJ Pressure
The Japanese Yen (JPY) lost ground on Friday in New York’s trading session following the release of the National Consumer Price Index (CPI) data by…