Day: August 15, 2014

August 15
2014

Japanese Yen Lower Today

Japanese yen is lower today, falling against most major currencies. Data from the United States and Europe isn’t dire enough to support the yen, and there are plenty of reasons for continued yen weakness at this point. Earlier, Fitch Ratings issued a report that indicated that it thinks that the yen is so far “weathering” the sales tax increase that has been an issue for the country’s economy. Since […]

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August 15
2014

EUR/USD Rises on Poor TIC Flows and Consumer Sentiment

The US dollar declined versus its European counterpart today following the poor macroeconomic reports. The first hit was delivered by the Treasury International Capital data report, the second blow came from the University of Michigan consumer sentiment index. NY Empire State Index slid from 25.6 in July to 14.7 in August. The consensus forecast was pointing at 20.0 value. (Event A on the chart.) PPI rose by 0.1% in July, following 0.4% growth […]

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