The US dollar rose against the Japanese yen today as positive economic reports from the United States continued to fuel expectations of tighter monetary policy from the Federal Reserve. At the same time, the greenback slipped versus the euro and the Great Britain pound. US retail sales grew 0.6 percent in August, exceeding analysts’ projection of 0.3 percent growth. The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose from 82.5 in August […]
Read moreThe New Zealand dollar was extremely soft this week, and the current trading session was not an exception. The currency fell against its major peers even though economic data from New Zealand was rather positive. Business NZ reported that the seasonally adjusted manufacturing Purchasing Managers’ Index rose from 53.5 in July to 56.5 in August. It was the strongest level in five months. The report noted that […]
Read moreEuro has weakened quite a bit recently, but, even so, some European policymakers believe that the 18-nation currency is still too strong. A strong euro is likely to hinder the eurozone economic recovery, and that is just what some policymakers think is happening now. In spite of efforts from the ECB to stimulate the economy and weaken the euro, some think that the 18-nation currency remains too strong. Yesterday, […]
Read moreEconomic reports from the United States were positive this week, but they did not prevent EUR/USD from rising at both the current and the previous trading sessions. The currency pair erased its previous gains and should close near its weekly opening if it stays at the current level. Retail sales increased 0.6% in August from July. Analysts predicted an increase at the same rate as the July’s 0.3% (revised from […]
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