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Day: June 10, 2014
June 102014
USD Gains, Boosted by Job Openings, Remains Soft vs. JPY
The US dollar climbed against the euro and the Great Britain pound today due to the release of yet another positive employment report from the United States. The greenback was down versus the Japanese yen. The number of job openings increased from 4.17 million in March to 4.46 in April and was high above the predicted figure of 4.04 million. While this report is considered to be lagging compared to other employment reports (as it looks […]
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June 102014
Good UK Economic Data Doesn’t Make GBP Strong
The Great Britain pound gained on the euro with help of positive domestic fundamentals. The data did not support the sterling versus the US dollar and the Japanese yen, and even gains versus the euro were greatly reduced by now. Both industrial and manufacturing production increased by 0.4 percent in April, matching forecasts exactly. The Retail Sales Monitor of British Retail Consortium demonstrated growth of 0.5 percent in May from the previous year on a like-for-like basis. […]
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June 102014
Aussie Moves Higher with Help from Domestic & China’s Data
The Australian dollar rallied against its US peer and erased losses versus the Japanese yen today with help of rather positive domestic business confidence and good economic data from China. The business confidence index of National Australia Bank remained unchanged in May. The report commented on this: That result was surprising, with firmâs still discounting persistently soft levels of business conditions and the negative sentiment surrounding the Federal budget […]
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June 102014
Yuan Gains as Fears About Slowdown Abate
The Chinese yuan gained today as faster-than-expected inflation eased fears about economic slowdown in the Asian country. Today’s positive data followed the report about trade balance that was released over the weekend and was also better than forecasts. The government data showed that China’s Consumer Price Index rose 2.5 percent in May, year-on-year. The value was bigger than the predicted growth by 2.4 percent and the previous month’s reading […]
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June 102014
Housing Stats Help Loonie Against European Currencies
Better housing stats are helping the Canadian dollar against its European counterparts. However, the US dollar is still on something of a tear, and the loonie remains down against its neighbor to the south. The latest data for housing starts in Canada is helping the loonie gain ground against some of its counterparts today. Housing starts increased by 0.8 per cent in May, beating market expectations. With Canadian homebuilding rebounding, there […]
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