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Pound Drops Following U.K. CPI, PPI
(RTTNews) - At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer prices for May. The pound declined against its major counterparts after the data.
The pound was trading at 166.67 against the yen, 1.2224 against the greenback, 0.8586 against the euro and 1.1832 against the franc around 2:02 am ET.
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Pound Slides On Weak U.K. GDP Data
The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Thursday.
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Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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U.S. Dollar Declines After Softer-than-expected Inflation Data
The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.
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Euro Rises Amid Risk-on Mood
The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction.
After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Wednesday.
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Yen Recovers Amid BoJ Rate Hike Speculation
The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
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