The Russian ruble fell today on speculations that the US Federal Reserve would not embark on quantitative easing. The current traders’ optimism derived for the most part from hopes on stimulating measures from central banks. Doubts about such steps weaken risk appetite. The recent positive data from the United States made investors doubt that the Fed would deem QE3 necessary. Prices for crude oil, the main Russian export, […]
Read moreAussie is heading higher today, but its direction is far from certain. Australian dollar has overcome some earlier losses to the US dollar, and it is gaining against European currencies right now. Disappointing data in Australian has been holding the Aussie back somewhat. After yesterday’s positive US economic data, Australia’s lukewarm data did little to help the Aussie on the Forex market. Consumer confidence […]
Read moreUS dollar performance is mixed today as Forex traders look for direction and mull economic data. Yesterday, July retail sales showed a bigger improvement than expected, but the latest retail-level inflation data shows flatness. As a result, QE3 may not be an immediate occurrence. The US dollar is higher against some major currencies, like the euro, and down against the pound and the yen. It looks to be a somewhat interesting […]
Read moreEUR/USD was flat at the beginning of today’s session, but dropped sharply as of 9:00 GMT. As of now, the euro continues its sideways move, keeping the losses, but not falling further. Most of today’s reports from the United States were disappointing. The only good data came from industrial production, which was rising last month, and even here traders saw some negativity as the earlier reading was revised downwardly. CPI […]
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