- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: January 21, 2014
January 212014
Lira Touches Historic Low vs. Dollar After Central Bank’s Meeting
The Turkish lira dropped today, reaching the all-time low versus the US dollar, as the central bank kept its benchmark Marginal Funding Rate unchanged despite mounting inflation pressure. The Central Bank of the Republic of Turkey kept its main interest rate at 7.75 percent at today’s meeting, while some analysts have expected an increase. The central bank acknowledged that inflation will likely stay above the 5 percent target and raised […]
Read more
January 212014
NZ Dollar Backs Off After Rally on Positive CPI
The New Zealand dollar advanced after today’s report showed that inflation was above analysts’ expectations. The currency shed its gains later and is trading near the opening level right now. The Consumer Price Index rose 0.1 percent in the fourth quarter of 2013. It was smaller growth than in the third quarter (0.9 percent), but better than expectations of no growth. Annual inflation accelerated from 1.4 […]
Read more
January 212014
US Dollar Mostly Higher on Fed Taper Expectations
Greenback is mostly higher today, gaining against many of its major counterparts as the latest expectations for a Federal Reserve taper are bandied about. Further tightening in US monetary policy is supporting the US dollar right now. US Treasury yields are rising today, thanks in large part to expectations that the Federal Reserve will announce further tapering next week. Higher yields and the prospect of tighter monetary policy […]
Read more
January 212014
ZEW Sends Euro Lower in Forex Trading
Euro is heading lower today, thanks in large part to the fact that the German ZEW came in below analyst expectations. Even though eurozone home prices were higher, the ZEW’s disappointment is overcoming some of the good news and sending the 18-nation currency lower against some of its major counterparts. The latest ZEW reading came in at 61.7 for the month of January. This represents a disappointing reading, since many had expected it […]
Read more
January 212014
Risk Aversion Does Not Help Yen to Keep Gains
The Japanese yen attempted to rally yesterday as worsening Chinese macroeconomic indicators spurred risk aversion on the Forex market. The currency was not able to hold onto gains, though, and slipped to the opening level by the close of yesterday’s session and dropped today. Data from China was not particularly good, hurting the market sentiment and sending riskier currencies down. The yen was able to profit from this, rising for a short time. Yet the rally […]
Read more