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Day: September 30, 2013
September 302013
Dollar Ahead of US Government Shutdown
Two major events for the US dollar will happen this week: the deadline for the US budget and non-farm payrolls. What outlook do analysts have for the greenback ahead of these events? Today is the last day for the US politicians to agree on the budget and it looks like the talks remained at a deadlock. The Congress still has a disagreement on President Barack Obamaâs healthcare law and it looks like the US government may face it first […]
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September 302013
Aussie Follows Kiwi in Gains
The Australian dollar followed its New Zealand counterpart to the upside even though economic data from China, the major Australia’s trading partner, was not particularly encouraging. The HSBC China Manufacturing Purchasing Managers’ Index was at 50.2 in September, according to the revised reading, broadly unchanged from 50.1 in August. The problem is that the final value was considerably lower than the preliminary estimate of 51.2. Yet the Aussie (as the Australian currency […]
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September 302013
NZ Dollar Climbs, Supported by Domestic Fundamentals
The New Zealand dollar climbed today as domestic fundamentals were extremely good. The currency managed to post gains even as the market sentiment was rather pessimistic amid poor macroeconomic data from China and the budget standoff in the United States. Building permits advanced 1.4 percent in August on a seasonally adjusted basis, following the negatively revised July reading of -3.4 percent. The ANZ business confidence index climbed from 48.1 in August to 54.1 […]
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September 302013
Japanese Yen Loses Ground After Earlier Jump
Japanese yen is losing ground today following an earlier jump. Yen saw gains earlier as risk aversion set in, but now the yen is losing ground to some of its major counterparts. Yen is even down against the US dollar. Yen got a boost earlier today, gaining ground as risk aversion due to the political situations in the United States and in the eurozone moved toward deterioration. Concerns about what’s […]
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September 302013
Euro Struggles as Italian Politics Turn Ugly
Euro is struggling today as Italian politics turn ugly. The 17-nation currency is mostly lower today, dropping against most of its counterparts. The currency that isn’t gaining against the euro right now is the US dollar, which is facing political issues of its own right now. Political tensions ratcheted up another notch today with Silvio Berlusconi calling for new elections, and pulling his ministers […]
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