- 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: March 13, 2014
March 132014
Indian Rupee Rises Despite Falling Inflation
The Indian rupee advanced today despite the inflation report that showed growth of consumer prices that was below analysts’ forecasts. The data led to speculations that the nation’s central bank will keep interest rates unchanged on the next month’s meeting. Annual inflation was at 8.1 percent in February, below the median estimate of 8.3 percent. It was the lowest level since January 2012. Industrial production, on the other hand, was […]
Read more
March 132014
Brazilian Real Gains, Ignoring Unfavorable Data
The Brazil real rose today even though economic data from the South American country continued to disappoint, suggesting that the central bank should reduce the pace of interest rate hikes. Brazil’s retail sales rose 3.5 percent in January from a year ago, missing the analysts’ estimate of 5.3 percent. The report followed yesterday’s unfavorable inflation data. The poor economic indicators led to speculations that the Central Bank of Brazil may […]
Read more
March 132014
Economic Data Helps Risk Appetite, Sends Dollar Lower
US dollar index is down today, dropping as risk appetite improves in the Forex market. US retail sales data is helping, and global stocks are improving. With traders looking for yield, the greenback isn’t needed as a safe haven, and that is sending it lower. Greenback is down almost across the board following the release of retail sales data that indicates an improvement from the previous month. This is […]
Read more
March 132014
Australian Dollar Rallies with Help of Employment Data
The Australian dollar surged today with help of employment data that was better than even optimistic forecasts, relieving fears of sluggish economic growth in Australia and returning attractiveness to the nation’s currency. Australian employers added as much as 47,300 jobs in February. The actual increase was far bigger than the forecast 15,300 and the January’s growth of 18,000 (which was revised from the drop of 3,700). The unemployment rate stayed at 6.0 percent. The last […]
Read more
March 132014
EUR/USD Retreats from Highest Since 2011
EUR/USD touched the strongest level since 2011 but retreated later today. There were several reasons for the drop: profit-taking, worries about the situation in Ukraine and the comments of European Central Bank President Mario Draghi, who hinted that he considers the euro to be excessively strong. The better-than-expected reports from the United States added to the downside momentum of the currency pair. Retail sales grew 0.3% in February, matching market expectations. The January […]
Read more
March 132014
RBNZ Raises Main Interest Rate, NZD Jumps
The New Zealand dollar jumped today, reaching the highest level since May 1 against the Japanese yen and the strongest since February 2008 versus the US dollar, as the nation’s central bank raised its Official Cash Rate. The Reserve Bank of New Zealand increased its main interest rate by 25 basis points to 2.75 percent today. Such decision was widely expected by market participants. The bank was very positive […]
Read more