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Day: June 11, 2014
June 112014
NZD Readies for RBNZ Rate Decision, Goes Higher vs. USD
The New Zealand dollar rallied today against its US counterpart as Forex traders are counting on the New Zealand central bank to raise interest rate at tomorrow’s policy meeting. The kiwi was not able to outperform the Japanese yen. The Reserve Bank of New Zealand will announce its policy decision tomorrow and economists expect the central bank to raise its main interest rate by another 25 basis points to 3.25 percent. […]
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June 112014
UK Employment Data Helps GBP Gain on USD
The Great Britain pound rose today against the US dollar after UK employment data continued to show an improvement of the labor market in the United Kingdom. The sterling fell versus the Japanese yen for the second session. The number of people seeking unemployment benefits fell by 27,400 in May from the previous month, reaching the lowest level since October 2008. The unemployment rate fell from 6.8 percent in 6.6 percent in April. Both readings were […]
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June 112014
Japanese Yen Maintains Much of Its Earlier Strength
Japanese yen continues to maintain much of its earlier strength today, heading higher against many of its major counterparts. Yen is gaining as a better outlook contributes to the idea that more easing will not be necessary for the Japanese economy. Business conditions are showing improvement, according to MOF’s BSI Business Conditions indicator. There are indications that the policy of pursuing weakness might be reduced to some degree, […]
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June 112014
Euro Slips on Negative Interest Rates
Euro continues to struggle today, mostly due to the fact that the ECB is embracing negative interest rates. With flows heading out of the eurozone, it’s no surprise that the 18-nation currency is down pretty much across the board. Euro is heading lower right now, slipping as the ECB continues to pursue a policy of weakening the euro. Economic growth has been a thorny problem for the 18-nation eurozone, and the ECB has been trying […]
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June 112014
EUR/USD Trickles Down During Quiet Trading
This week is rather poor in terms of economic data from the United States, especially in the first half of the week, creating relatively quiet trading environment. Without any major news, events of the previous week continue to influence the Forex market. Most important of them, the European Central Bank policy decision and US nonfarm payrolls, were negative for EUR/USD, therefore it is not surprising to see that the currency pair continues […]
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