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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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Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
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Swiss Franc Advances Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Friday.
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The Japanese yen strengthened against most major currencies in the Asian session on Friday.
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U.S. Dollar Weakens After Soft PPI Data
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
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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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