The USD/CAD currency pair extended gains, as the data painted a darker picture for Canada's jobs market.
The US Dollar strengthened significantly against the Yen after the stronger-than-expected non-farm payrolls report.
The release of the Australian retail sales figures for June managed to create some volatility in AUD/USD, with the pair climbing to the 0.79575 level and then retreating back to the 0.79466 area at the moment of the data release. A minute after, the pair went sharply down to hit 0.79350 but then reversed its trajectory once again and continued
On Thursday, the US Dollar posted a sharp fall against the Yen after the ISM report showed softer-than-expected growth in non-manufacturing sectors. After the release, the USD/JPY exchange rate showed an immediate 0.09% fall to 110.259, a sign for a stronger bearish sentiment. The Institute of Supply Management reported that its Non-Manufacturing PMI dropped more than anticipated to 53.9 points
During the last month, Britain's officials fuelled expectations that the Central Bank was likely to raise interest rates, though Thursday's reports showed it unchanged, resulting in the immediate fall in the GBP/USD currency pair. The Sterling fell against the US Dollar by 0.44% to be seen trading at 1.3180 as the Bank of England kept its dovish stance. The Central
The release of the country's trade balance figures failed to provide any support for the Australian Dollar, with AUD/USD tumbling 0.09% to hit the 0.7928 mark right after the data came out. Following the release, the Aussie continued to weaken against the Greenback, sliding towards the 0.79248 level through the early morning session. The Australian Bureau of Statistics reported
The USD/JPY exchange rate edged higher after the private survey showed a modest increase in job creation. After the publication, the US Dollar rose against the Japanese Yen by 0.04% to reach the 110.76 mark. ADP reported that non-farm sectors added 178K jobs in July, the second weakest change this year, compared with the upwardly-revised 191K increase in the previous
The British Pound depreciated against the US Dollar, as the data revealed that the UK construction industry grew at the slowest pace in 11 months in July. After the report, the GDP/USD exchange rate fell by 0.06% to be seen trading at 1.3234. Markit revealed that its PMI for Britain's construction sector dropped to 51.5 in July, below forecasts for
Manufacturing growth in the US almost matched growth forecasts, but slightly weaker-than-expected figures failed to support the Greenback significantly. Right after the data were released, the USD/JPY currency pair went to the 110.145 area, or 0.01% higher, but paired gains after that. The Institute for Supply Management stated that its Manufacturing Activity Index came in at 56.3 in July, compared
GBP gained solid ground on the back of reports showing Britain's manufacturing activity expanding more than anticipated in July. After the release, the Pound appreciated against the US Dollar by 0.05% to hit the 1.3215 mark. According to Markit, the UK Manufacturing PMI rose to 55.1 points in the reported month, surpassing expectations for a 54.3 reading. Manufacturing expanded for
AUD/USD remained at about the same level it was seen ahead of the release, as the Reserve Bank of Australia failed to surprise the market and decided to leave its trend-setting interest rate at the record-low level of 1.50% yet again. Following the release, the Aussie fell slightly versus its American counterpart, with the one-minute candle closing at the 0.80098
Stronger-than-expected US pending home did not manage to support the USD/JPY exchange rate. Following the release, the Yen appreciated against the US Dollar by 0.053% to be seen trading at 110.46. The National Association of Realtors reported that the Pending Home Sales Index rose twice as much as anticipated by a seasonally adjusted 1.5% in July, following an upwardly revised
Firmly confident figures for the Euro zone's inflation contributed enough to bring the EUR/USD currency pair to a new high on Monday. The Euro advanced against the US Dollar by 0.09% to reach the 1.17429 level following the release of the flash CPI data for July, which managed to satisfy analysts' expectations. Eurostat revealed its flash estimate for inflation in
The US Dollar did not manage to appreciate against the Japanese Yen at the moment the data on the US advance GDP was released. The pair posted a 0.13% decline to hit the 111.03 mark and then went even slightly lower, though still managed to retreat slightly, with the exchange rate hovering around 111.00 for the day. The US Bureau
The USD/CAD currency pair dropped significantly, as the Canadian monthly GDP tripled forecasts in May. Right after the data release, the Loonie appreciated against the US Dollar by 47 base points, or 0.38%, to 1.2481. Moreover, the strength of the commodity-sensitive Canadian Dollar was additionally fuelled by higher oil prices. Statistics Canada reported on Friday that the country's real
The initial reaction to the release of the Census Bureau's report on the US durable goods orders was limited, as markets were focusing on the underlying data rather than the jump in the headline measure, which left the USD/JPY currency pair holding below the 111.40 mark. The report showed that total orders for durable goods in the US surged 6.5%
Following the release of the FOMC statement, the US Dollar lost ground against the Japanese Yen, sending the currency pair to the 111.84 area from earlier highs of above 112.0. As it was widely expected by the market, the Federal Reserve decided to leave its interest rates unchanged, keeping the target range for the federal funds rate between 1.00% and
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that the expansion lost some momentum from the previous year. This reflected in the instant fall of the GDP/USD exchange rate, which was seen trading at 1.3028 just after the data were published. The Office for National Statistics reported that Britain's GDP
The Australian Dollar weakened against its American counterpart after the official report released by the Australian Bureau of Statistics showed that the country's consumer inflation growth slowed in the second quarter. At the moment of the data release, the AUD/USD currency pair fell by 0.16% to hit the 0.7900 level. The Consumer Price Index weakened to 0.2% in the
German business morale reached its record-high in July, which contributed to the appreciation of the EUR/USD exchange rate. Right after the better-than-expected data was published, the Euro zone's currency strengthened against the US Dollar by 11 base points to reach 1.1663. The Ifo German Business Climate Index surged to 116.0 points, while analysts' anticipated it to decrease to 114.9
Monday's Markit survey showed that the preliminary PMIs for the US manufacturing and services sectors almost matched analysts' forecasts and had little initial impact on the USD/JPY currency pair. Just after the data were released, the US Dollar edged slightly higher against the Yen to 110.954. Markit revealed that the index for services activity in the United States came
Markit's report on the Manufacturing PMI for the Euro zone came in slightly weaker than anticipated in July and had a small impact on the EUR/USD exchange rate. As soon as the release was published, the 19-country currency strengthened against the Greenback by 0.03% to reach 1.6432. The survey showed that the Euro zone's index for manufacturing activity dipped to
The Canadian Dollar advanced against the Greenback as Friday's retail sales report showed better-than-expected figures. Following the data release, the USD/CAD currency pair marked a sharp decline, falling 0.24% to 1.2572. Statistics Canada reported that the country's retail sales rose for the third consecutive month in May, surging 0.6% to a record-high of C$48.9B, which was well above expectations
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.