Tag Archives: PMI

The Yen and the Swiss Franc were among the top performers due to risk aversion and the retreat in government bond yields. The Japanese Yen finished marginally higher above 145.00, while the Swiss Franc gained for the fifth consecutive week. The Pound was the biggest gainer, supported by UK economic …

The GBP/USD has slid for the seventh day. The Sterling has been impacted by weak UK PMIs and the overall gloomy UK economic future perspective. The UK PMI shows the largest month-on-month drop in 11 months, signaling a potential weakening of post-pandemic spending. The Sterling is even seen as heading …

The Canadian Dollar has seen a slight increase in value due to rising oil prices and supply concerns. The Canadian Manufacturing PMI data release, which came out a few hours ago, was lower than expected and continues to show contraction, but has had a limited impact on the exchange rate.The …

In June, the eurozone’s factory decline got worse. According to a poll that portrayed an increasingly bleak picture for the industry, industrial activity in the Eurozone shrank more quickly than initially estimated in June as continued policy tightening by the European Central Bank strained finances.Surveys released earlier on Monday showed …

The dollar fell on Tuesday, but is trading in a narrow range, as investors remain cautious ahead of inflation data due in the United States later in the day, coinciding with the start of the Federal Reserve’s two-day monetary policy meeting. The Consumer Price Index report issued by the US …

The dollar fell on Friday, June 9, affected by the drop in US Treasury bond yields, after an increase in the number of weekly jobless claims in the United States raised hopes that US interest rates would reach their peak, with focus shifting to major central bank meetings to be …

The US Dollar has weakened against its major rivals on Thursday after the US Department of Labour announced that there were 261,000 Initial Jobless Claims last week. The Dollar Index, which gauges the USD’s valuation against a basket of six major currencies, stays deep in negative territory below 103.50. According …

The US Dollar has lost some of its strength in the American session on Monday. The US Dollar Index erased its daily gains and returned to the 104.00 area. ISM Services PMI report for May showed a loss of momentum in the service sector.The US Dollar has lost its strength …

As a result of equities and bonds doing poorly, the US Dollar Index erased the losses it had incurred on Monday. After mixed sector readings for the Purchase Manager’s Index were released, with Services remaining robust and Manufacturing shrinking, the dollar has maintained its gains. The dollar has stabilised and …

The Euro is at risk due to a number of unanswered questions, such as what central banks will do next and when interest rates will be cut. PMI surveys have turned sharply lower in China and Europe, and the dollar has fallen out of favour as western central bank policy …