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.
The fourth consecutive healthy Australian employment report boosted a 30-basis point increase in the AUD/USD exchange rate, sending the Aussie to fresh 2017 highs right after the data was released.
Monthly data on the US Building Permits contributed to the second straight day of gains in the USD/JPY currency pair. Experts anticipated the number of building approvals to rebound to 1.20M in June, expecting an increase in future construction despite higher costs for materials.
Wednesday's release from the Statistics Canada boosted the appreciation of the Canadian Dollar. Analysts expected Canada's manufacturing sales to show a monthly increase of 0.9% in May, which would determine the strength of future investment, hiring and spending.
The mood among German investors about the performance of the country's economy fell slightly in July.
Britain's inflation fell unexpectedly in June from a four-year high reached in the previous month.
Inflation in New Zealand hampered unexpectedly in the second quarter, suggesting that declining oil prices were restraining cost pressures throughout the country's economy.
Consumer inflation in the Euro zone rose in line with analysts' forecasts last month, official figures revealed on Monday.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday.
On Wednesday, the Chair of the US Federal Reserve Janet Yellen testified on the Semi-annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
At the latest policy meeting, the Bank of Canada decided to raise its overnight rate target by 0.25% to 0.75% for the first time since 2010, satisfying economists' expectations.
The unemployment rate in Britain declined unexpectedly, while the jobless claimant count was little changed, missing analysts' expectations.