Day: December 17, 2013

December 17
2013

EUR Strong vs. USD & GBP on Economic Sentiment & CPI

The euro rose against the US dollar and the Great Britain pound today as economic sentiment improved in Germany and the whole eurozone, while inflation accelerated. The currency was weaker versus the Japanese yen. The ZEW Indicator of Economic Sentiment for Germany improved by 7.4 points to 62.0 in December, the best result since April 2006. The indicator for the eurozone gained 8.1 points to 68.3. Eurozone annual inflation accelerated to 0.9 percent in November from 0.7 percent […]

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December 17
2013

Koruna Slides as Czech Central Bank Maintains Intervention

The Czech koruna dropped today as the nation’s central bank maintained interest rates near zero and reiterated its commitment to intervene on the Forex market to keep the currency from excessive appreciation. The Czech National Bank announced today: • At the close of the meeting the Board decided unanimously to leave interest rates unchanged. The two-week repo rate remains at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%. • The Board also decided to continue using […]

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December 17
2013

Greenback Gets Boost After Inflation Data

US dollar is slightly higher today, following the latest inflation data. Also helping the greenback is a bit of risk aversion that seems to have returned ahead of what some expect will be a “Santa Claus rally” next week. Greenback is a little higher today as the Federal Reserve begins its last two-day meeting of 2013 — and Ben Bernanke‘s last meeting as the Chair. Next year, Janet Yellen is […]

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December 17
2013

Pound Pares Gains as Inflation Slows

The Great Britain pound was rising today, but pared gains after data showed that Britain’s consumer inflation unexpectedly slowed last month, though not very much. The Consumer Price Index rose 2.1 percent in November from a year ago, while analysts have hoped that the rate of growth would stay at October’s 2.2 percent. There were some other worse-than-expected data from the United Kingdom […]

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December 17
2013

AUD at Five-Year Low vs. NZD

The Australian dollar fell today, reaching the lowest price in five years against its New Zealand counterpart, after the minutes of the latest Reserve Bank of Australia policy meeting confirmed that policy makers may consider lowering interest rates even more. The RBA left its main interest rate unchanged on the December 3 meeting, but signaled that it may perform an interest rate cut in the future: The Board’s judgement […]

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December 17
2013

EUR/USD Rises as Inflation Stalls

EUR/USD was falling today, but rebounded after data showed that inflation was not growing in the United States. The currency pair did not demonstrate strong moves today as traders are reluctant to risk ahead of tomorrow’s announcement of Federal Reserve monetary policy decision. It is not clear if the central bank will taper its monetary stimulus or not, therefore it is risky to take positions […]

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