- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: September 10, 2014
September 102014
Interest Rate Hike Bets Continue to Support Dollar
The US dollar continued to move upward with the help of speculations about an eventual increase of interest rates by the Federal Reserve. The greenback reached the strongest rate in six years versus the Japanese yen. Surprisingly enough, the currency dipped versus the Great Britain pound, which was unexpectedly strong at today’s trading session. Forex market participants continue to speculate about possible timing of Fed’s interest rate hike. The general consensus is that […]
Read more
September 102014
NZ Dollar Weaker Ahead of RBNZ Meeting
The New Zealand dollar fell against its US counterpart today, declining for a third day in a row and touching the lowest level in seven months, ahead of tomorrow’s monetary policy announcement from the nation’s central bank. The currency also retreated versus the euro. The Reserve Bank of New Zealand will release its monetary policy statement tomorrow at an early Asian session. Economists expect that the RBNZ will refrain from raising interest […]
Read more
September 102014
Australian Dollar Makes Way Lower with Consumer Sentiment
The Australian dollar declined today, falling for a third consecutive session versus its US peer, after the release of the Westpac — Melbourne Institute Survey of Consumer Sentiment that demonstrated decline of consumer confidence in Australia. The Westpac — Melbourne Institute Index of Consumer Sentiment fell by 4.6 percent in September from August. Westpac’s Chief Economist Bill Evans commented on the reading: This is a surprising and disappointing result. He added: In effect most of the steady […]
Read more
September 102014
Euro Takes a Breather, Holding Above Lows
Forex traders took a step back from a recent euro selloff, helping the 18-nation currency find support above the 1.29 level. While there is greater mid-term to long-term demand for the greenback, right now the euro is looking for a bit of relief. Following remarks from ECB officials and others that are supportive of further easing for the euro, the 18-nation currency sold off. Today, the euro is taking a breather, holding above […]
Read more
September 102014
US Data Supports Fed Tightening Outlook
This week is relatively poor on economic reports from the United States, but those few that have been released were better than market participants expected, supporting the outlook for tighter monetary policy from the Federal Reserve in near future. Economists speculate that the US central bank will end its asset-purchase program in October and start raising interest rates in mid-2015. EUR/USD continued to sink. Wholesale inventories […]
Read more
September 102014
Pound Bounces, Remains Under Pressure
The Great Britain pound ticked up today but remained under pressure from the upcoming referendum about Scotland’s independence and the monetary policy outlook that is not particularly supportive for the currency. The Scots are going to vote in a referendum on September 18 if they want to remain a part of the United Kingdom or not. As of now, the ‘yes’ vote exceeds the ‘no’ vote by a small fraction according to the latest polls. Investors are nervous about […]
Read more
September 102014
Canadian Dollar Bounces, Rises for Third Session vs. Yen
The Canadian dollar bounced today, trimming yesterday’s losses versus its US peer and the euro. The currency also extended its rally versus the Japanese yen for a third straight session. The loonie will likely have hard times keeping gains considering that fundamentals are not particularly supportive for the currency. Sluggish global economic growth and weak commodity prices are not helpful for the growth-related Canadian currency. Additionally, the Bank of Canada […]
Read more