Day: September 8, 2014

September 8
2014

NZD/USD Falls due to Monetary Policy Outlook, NZD/JPY Rallies

The New Zealand dollar retreated against its US counterpart today as the greenback retained its strength despite disappointing US employment data. At the same time, the kiwi posted gains versus the Japanese yen. The monetary policy outlook plays a significant role in performance of the New Zealand currency. While it was rallying previously on expectations of interest rate hikes, the kiwi lost support from this factor after the Reserve Bank of New […]

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September 8
2014

Aussie Loses Ground Despite Support from Fundamentals

The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last week. Australia and New Zealand Banking Group reported that the number of job advertisements grew 1.5 percent in August from the previous month and 8 percent over a year, suggesting that the labor market is improving. Trade surplus […]

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September 8
2014

Scottish Independence Weighs on Pound

UK pound is lower today, thanks in large part to the latest poll on Scottish independence. The latest numbers indicate that those favoring a split from the United Kingdom have pulled ahead of those opposed to the split. The idea that the United Kingdom is falling apart is one that is weighing on the pound today. The latest poll regarding Scottish independence is in, and for the first time those in favor of a split have […]

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September 8
2014

Japanese Yen Mostly Lower After GDP Data

Japanese yen is mostly lower against its major counterparts today, following the latest GDP data. With the GDP for quarter two growing less than expected, renewed calls for stimulus are dominating the rhetoric. The latest Japanese GDP data, for quarter two of 2014, show that the economy shrunk by 1.8 per cent. The news is proving a blow for Prime Minister Shinzo Abe, who continues to struggle as his ambitious […]

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