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Day: November 13, 2013
November 132013
Industrial Output Data Weighs on Euro
The latest news out of the eurozone is weighing on the euro, sending the 17-nation currency lower against its major counterparts today. Once again, concerns about the viability of the recent eurozone recovery are causing problems for the euro on the Forex market. Earlier today, the industrial output numbers from the eurozone were released. Eurostat reports that industrial output fell by 0.5 per cent across the eurozone in September. This news once again […]
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November 132013
US Dollar Mixed to Higher on Uncertainty
There is a lot of uncertainty in the markets right now, and that is reflected in the situation with the greenback. The US dollar is mixed right now, tending a little higher in some cases. Mostly, though, the greenback is moving between gains and losses against its major counterparts. There is a lot to be uncertain about right now. Economic data from around the world has been generally good lately, but […]
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November 132013
South Korean Won Pares Losses with Help from Domestic Fundamentals
The South Korean won was flat, paring decline, as domestic fundamentals helped the currency to overcome the general risk-negative market sentiment. Talks about the potential stimulus reduction by the Federal Reserve continued to spoil traders’ willingness to risk. Such speculations intensified after Atlanta Fed President Dennis Lockhart signaled that such reduction may happen as early as December. The won was able to erase losses despite the negative market sentiment as South […]
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November 132013
Indian Rupee Rises Even as Inflation Accelerates
The Indian rupee rose today as nation’s inflation accelerated more than was predicted. This is not necessary a positive thing as the currency has already lost much of its purchasing power and rising consumer prices are hurting the Indians. The Consumer Prices Index rose 10.09 percent in October from a year ago following the 9.84 percent increase in September. Analysts predicted a 9.9 percent increase. It is possible India’s […]
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November 132013
Bank Indonesia Raises Interest Rates, Rupiah Does Not React
The Indonesian central bank surprised Forex traders as it raised its interest rates yet again. But the rupiah did not react to the news and was flat versus the US dollar and fell against the euro. The Bank Indonesia raised its main interest rate by 25 basis points to 7.50 percent, while the Lending Facility rate and Deposit Facility rate were increased to 7.50 percent and 5.75 percent respectively. The central bank […]
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November 132013
NZ Dollar Trims Losses vs. US Dollar & Japanese Yen
The New Zealand fell against its US counterpart yesterday, but is trying to rise today. The currency also erased earlier losses versus the Japanese yen. The Reserve Bank of New Zealand released its Financial Stability Report. The report was fairly optimistic, saying: New Zealandâs financial system remains sound. The banks are well capitalised and have strengthened their funding base, while non-performing loans continue to fall. […]
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