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Day: September 22, 2014
September 222014
Fears of China’s Slowdown Push Aussie Lower
The Australian dollar dipped today together with other growth-related currencies due to concerns about potential slowdown of economic expansion in China. Fears of slowing growth hurt the Aussie both directly and indirectly, pushing prices for commodities lower. Prospects for slower growth in China bode ill for the Australian economy, as the Asian nation is the biggest importer of Australia’s goods. Additionally, prices for raw materials declined due to fears of lower demand from China. […]
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September 222014
Fundamentals Prevent NZD from Rallying
The New Zealand dollar attempted to rally today but failed and slid below the opening level. Economic data from New Zealand was not particularly supportive for the currency, and concerns about tomorrow’s manufacturing report from China further eroded bullishness of the kiwi. The New Zealand currency rallied after the National Party of Prime Minister John Key secured majority in the parliament, giving it power to introduce reforms that are necessary […]
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September 222014
Week Starts with Drop to New Low for EUR/USD
The start of this week was light on economic data, making traders pay more attention to future economic releases. Tomorrow’s manufacturing report for China was in the focus of discussion among market analysts, and traders speculated that the data may show lack of growth in China’s manufacturing sector. Such talks led to risk aversion on the Forex market, helping the dollar to gain on the euro. EUR/USD fell to a new low for the year. Existing home sales […]
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