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Day: September 23, 2014
September 232014
Ruble Advances, Endangering Russian Economy
The Russian ruble advanced today with the help of both the general risk-positive market sentiment and the cease-fire between Ukraine and pro-Russian separatists. The rally is not necessary positive for Russia’s economy that struggles to avoid recession. Good news from China bolstered currencies of emerging markets, including the ruble. The currency lost a huge part of its value after the United States and the European Union implemented sanctions against Russia for its supposed involvement […]
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September 232014
South Korean Won Advances with Help from Chinese Data
The South Korean won rose together with other Asian currencies today with help of positive macroeconomic data from China, which made investors look more favorably on the currencies of emerging markets that are often associated with risk. The Chinese manufacturing index rose instead of falling as was predicted by specialists. The report eased concerns about potential economic slowdown in China. China, being the world’s second biggest economy, […]
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September 232014
US Dollar Pauses for Breather
US dollar is lower today, losing ground against many of its major counterparts. The greenback is pausing for a breather right now, heading lower as Forex traders take profits and consider what could be next. Greenback has seen a lot of strength recently, thanks in large part to policy divergence. The Federal Reserve is talking about possibly raising interest rates soon, and other major currencies — especially the euro […]
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September 232014
Euro Economic Data Could Prompt More ECB Action
Even though the euro is holding some of its recent gains today, there are expectations that could change if the ECB has to take more action to try to stimulate the eurozone economy. The latest economic data isn’t all that encouraging, and the ECB might be under pressure to do more. The latest economic data out of the ECB is somewhat disappointing. Business activity in the eurozone expanded at a slower rate than […]
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September 232014
Yen Rises, Undeterred by Risk Appetite
The Japanese yen rallied today, rising for the second trading session against the US dollar, even though economic data from China resulted in risk appetite among Forex market participants that should have weakened the currency. The positive economic report from China made traders more willing to risk and boosted riskier currencies. Yet the Japanese currency gained too. It looks a bit strange, considering that the yen is […]
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September 232014
China’s Data Pleasantly Surprises, Aussie Edges Higher
The Australian dollar ticked up, rising against all its most-traded peers, as economic data released today from China was better than traders have anticipated, improving prospects for Australia’s exports. The HSBC Flash China Manufacturing Purchasing Managersâ Index rose from 50.2 in August to 50.5 in September, indicating expansion of the sector. Analysts were concerned ahead of the release that the gauge would fall to 50.0 — the level than indicates […]
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