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Day: May 20, 2014
May 202014
Yen Rallies as BoJ Starts Policy Meeting
The Japanese yen rallied against most major currencies on speculations that the nation’s central bank will refrain from adding monetary stimulus during the policy meeting that has started today. The Bank of Japan started its two-day policy meeting today and will announce its decision tomorrow. No changes to the policy are expected. The BoJ will also release its Monthly Report, which should provide insights into […]
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May 202014
No Tightening from Fed in Near Future, USD Loses to GBP & JPY
The US dollar fell against the Great Britain pound and the Japanese yen today as US policy makers continue to attempt downplay expectations of an interest rate hike among traders, investors and other market participants. At the same time, the greenback gained on the euro and commodity currencies. Federal Reserve Bank of New York President William Dudley was speaking at the New York Association of Business Economics today. Regarding monetary policy of the US central bank, […]
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May 202014
Euro Weakness Increases on Expectation of Easing in June
Euro weakness is increasing, with the 18-nation currency losing ground to most of its major counterparts today. Expectations that easing will go forward in June are weighing on the euro. The next ECB meeting isn’t until June 5, and many analysts expect that euro weakness will continue from now until then. Expectations that there will be easing are on the rise, especially after recent comments […]
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May 202014
Canadian Dollar Continues to Struggle in Forex Trading
The Canadian dollar continues to struggle in forex trading today, falling against its major counterparts as commodities struggle, and as traders consider recent disappointments in economic data. Loonie is having a hard time against other currencies today, falling almost across the board against its major counterparts. Canadian dollar is lower following last week’s disappointing jobs data, and now there is concern about about the release of March […]
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May 202014
GBP Surprises Forex Traders, Falling After Good CPI
The first important economic report from Great Britain for this week, inflation data, was released and it turned out to be better than expected. As a surprising twist, the pound sank after the positive report, though it is attempting to recover as of now. The sterling gained on the dollar, was flat versus the Japanese yen and fell against the euro. The Consumer Price Index rose 1.8 percent in April, up from 1.6 percent […]
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May 202014
Aussie Experiences Weakness After RBA Minutes
The Australian dollar dropped today, touching the lowest level since March against the Japanese yen, after the Reserve Bank of Australian released minutes of its latest policy meeting. While the minutes mentioned some positive developments, there were enough dovish comments to drive traders away from the Australian currency. Among pessimistic statements, the minutes mentioned subdued employment growth: While a range of indicators suggested that conditions in the labour market […]
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