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Day: October 15, 2013
October 152013
Canadian Dollar Suffers from Fear of US Default
The Canadian dollar fell today against safer currencies as talks about the US debt ceiling drag on. The critical point is near as politicians have just two more days to resolve their disagreement or face a default. Hopes were high for a deal to be made over the past weekend or at least on Monday. Yet optimism is waning as no end to political bickering is in sight. Prices for crude oil fell, giving […]
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October 152013
Won Advances as Traders Optimistic About US Debt Ceiling Talks
The South Korean won advanced today as investors were buying nation’s assets on hopes that US politicians will be able to avoid default by raising the debt liming before the deadline on October 17. There are rumors that a deal about raising the debt ceiling will be reached as soon as today. Senate Majority Leader Harry Reid said yesterday that a “tremendous progress” has been made and he is […]
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October 152013
UK Pound Mixed After London-Beijing Deal
UK pound is mixed today as Forex traders process the latest news out of the United States, with rumors about an agreement in the government shutdown and debt ceiling debates fading fast. But there is another side focus with the pound today. A deal between London and Beijing is about to make the United Kingdom the yuan’s currency hub in Europe. UK pound is higher against the euro and the yen today, but […]
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October 152013
Polish Zloty Falls as Inflation Decelerates
The Polish zloty fell today as nation’s inflation decelerated last month, giving the central bank incentive to keep interest rates at the current record low level. Consumer prices rose 1 percent in September from a year ago, down from 1.1 percent in the prior month. The growth was far below the central bank’s target of 2.5 percent. It is not likely that the National Bank of Poland will raise interest […]
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October 152013
US Dollar Gains as Rumors Swirl About a Shutdown Deal
Rumors are swirling about a possible deal to end the current partial government shutdown and even raise the debt ceiling in the United States. The shutdown has been in place since the beginning of October, and the borrowing authority of the US Treasury is expected to run out on October 17. However, there are hopes that the situation is on the verge of being resolved, and that is giving the greenback a boost. While nothing has been officially announced […]
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October 152013
Euro Shows Mixed Performance
The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying. Eurozone industrial production expanded 1.0 percent in August from July on a seasonally adjusted basis, exceeding analysts’ expectations of 0.8 percent growth. German import prices grew 0.1 percent in August from July, […]
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October 152013
AUD Rises Even as RBA Does Not Rule Out Interest Rate Cut
The Australian dollar rose today even though the minutes of the last central bank’s policy meeting reveled that policy makers do not rule out additional interest rate cuts. Today, the Reserve Bank of Australia released the minutes of its October 1 meeting, which were rather dovish, saying: Members were informed that recent indicators suggested that growth remained below trend into the September quarter. The transition […]
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