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Day: November 6, 2014
November 62014
Euro Hits New Lows vs. Dollar After Mario Draghi Speaks
The European Central Bank kept its monetary policy unchanged during today’s meeting, providing no surprise for Forex market participants. Yet the press-conference after the gathering was a real shocker as ECB President Mario Draghi made several dovish statements, sending the euro to fresh lows. The shared 18-nation currency managed to gain the Great Britain pound. The ECB left its main interest rate close to zero, a decision that was […]
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November 62014
US Dollar Settles Down
US dollar is settling down a little bit after yesterday’s surge. Right now, it’s a bit about profit taking as Forex traders gear up for the next round of economic data, and contemplate the future of the eurozone. Greenback is trading mixed today, but it is mostly lower against its major counterparts. The US dollar is settling down today, after a rally yesterday following the GOP sweep in yesterday’s […]
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November 62014
Euro Gets a Little Boost Ahead of ECB Annoucement
Euro is getting a little bit of a boost today, heading higher head of the ECB announcement that is expected shortly. The 18-nation currency is heading a little higher, in spite of recent disappointing factory data, and the possibility that the ECB will have to add more stimulus. Even though many expect that the ECB will announce more economic stimulus measures, weakening the euro in the long run, for now, many think that […]
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November 62014
NZ Dollar Rebounds, Hangs Near Opening
The New Zealand dollar gained ground after falling to the lowest in more than two years versus the US dollar today but is currently struggling to rise above the opening level without support of fundamentals. The New Zealand dollar followed its Australian peer in recovery from multi-year lows. Unlike the Aussie, the kiwi did not have supportive domestic data and was demonstrating weaker performance as a result. Traders wait for a monetary […]
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November 62014
AUD/USD Bounces from Four-Year Low
The Australian dollar bounced today after touching the lowest level in more than four years against its US counterpart. Australia’s employment data released during the current trading session was rather positive and contributed for the Aussie’s bounce. Australian employment grew by 24,100 jobs in October, a bit more than was anticipated by analysts. The unemployment rate remained stable at 6.2 percent. The currency rebounded from its lows with the help […]
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November 62014
New Lows for EUR/USD After ECB
The euro was trying to rise on the dollar today but failed. EUR/USD sank to the lowest level since August 2012 after the European Central Bank announced its monetary policy decision. While the policy remained the same, ECB President Mario Draghi said in the introductory statement before the press-conference that the quantitative easing program “will last for at least two years.” Moreover, Draghi stated that policy makers will use “additional […]
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