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Day: June 27, 2014
June 272014
Indian Rupee Bounces as Rally of Oil Prices Falters
The Indian rupee gained today as falling prices for crude oil eased fears about potential increase of the nation’s trade balance deficit. The currency was heading for a first weekly gain in a month. The rally of crude oil prices faltered on speculations that the conflict in Iraq will not impact supply to a great degree. In fact, Iraqi officials were even promising to increase exports. While prices for crude rose today, they were still […]
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June 272014
Euro Continues to See Modest Gains
Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today. The European Commission released its Economic Sentiment Indicator earlier, and say that there was a drop from 102.6 to 102.0 in May, when many had expected an increase to 103.0. The gain was […]
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June 272014
NZD Drops on Trade Balance, Sill Retains Appeal of Traders
The New Zealand dollar sank today as the nation’s trade balance worsened, though it was better than analysts forecast. Market experts still view the currency in a positive light, saying that fundamentals are extremely supportive. The New Zealand trade balance posted a surplus of NZ$285 million in May, which was bigger than forecast NZ$250 million but far smaller than the previous month’s value of NZ$498 million. On an interesting […]
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