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Day: March 21, 2014
March 212014
Malaysian Ringgit Dips with Asian Currencies on Fed Concerns
The Malaysian ringgit fell today along with other Asian currencies as concerns about probability of tighter monetary policy in the United States were bothering investors, making them reluctant to invest in riskier assets of emerging markets. While some high-beta currencies were ignoring the impact of the Federal Reserve policy announcement, many still felt the downside pressure and were unable to resist it. Stimulus tapering was expected and probably did not […]
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March 212014
Canadian Economic Data Surprises Positively, Loonie Moves Higher
The Canadian dollar climbed today with help of macroeconomic data from Canada that was surprisingly good, easing the negative impact that comments of the central bank governor had on the currency earlier this week. The Consumer Price Index rose 0.3 percent in February from January on a seasonally adjusted basis, accelerating from the previous month’s growth of 0.2 percent. Annual inflation slowed, but was still above the expected level. […]
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March 212014
Euro Recovers Thanks to Account Surplus
Euro is recovering from its recent lows today, thanks in large part to a currency account surplus in the eurozone. For the first time in three days the 18-nation currency is gaining against the US dollar, and the euro is also up against other major counterparts. The latest eurozone data shows a record current account surplus for the month of January, with portfolio investments rising to 16.9 billion euros. The news is positive for the eurozone, […]
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March 212014
Aussie Rallies with Asian Stocks
The Australian dollar climbed today even as a report showed that growth of leading indicators eased in January. The likely reason for the rally was the gains of Asian stocks. The Conference Board Leading Economic Index for Australia increased 0.2 percent in January after rising 0.8 percent in the previous month. The MSCI Asia Pacific Index, which tracks stocks of Asian countries excluding Japan, rallied 0.8 percent today. The rally was considered to be […]
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March 212014
Fitch Keeps US Credit Rating at AAA, Does Not Benefit USD
Fitch Ratings kept the US sovereign credit rating at AAA with stable outlook. This should have given another boost for the dollar but, surprisingly enough, the US currency was not strong at all today, falling against the Japanese yen and dipping versus the euro. The greenback rose against the Great Britain pound, but the gains were small and are all but erased as of now. Fitch announced today: Fitch Ratings […]
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March 212014
US VPS with Experience — DotBlock
Another US VPS provider has been listed on our website today — DotBlock. Unlike the majority of the VPS companies in our list, DotBlock is not aimed towards financial traders. They do not pre-install any trading software and do not offer any Forex related services. At the same time they are experienced in running VPS hosting services since 1999 and have powerful configurations for offer. Some of their […]
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