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Day: November 17, 2014
November 172014
Pound Drops vs. Dollar, Gains on Euro
The Great Britain pound fell against the US dollar during the current trading session as today’s data showed decline of UK house prices. The general risk-off market sentiment was not helping the currency to hold ground against the greenback though it allowed the sterling to outperform the euro. The Rightmove House Price Index dropped 1.7 percent in November from the previous month. House prices were still up on an annual basis. The unexpected […]
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November 172014
NZ Dollar Turns Downward Reversing Rally
The New Zealand dollar was rising today for the most part of the current trading session, but the currency turned downward after about 17:15 GMT. The kiwi was rising earlier as retail sales exceeded expectations. Statistic New Zealand released retail sales figures over the weekend. Sales were up 1.5 percent in the September quarter of this year from the previous three months compared to the predicted reading of 0.8 percent. Core […]
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November 172014
US Dollar Mostly Higher After Wild Morning
US dollar is mostly higher after a wild morning in Forex trading. While greenback spiked against the yen earlier, the dollar is now down against its Japanese counterpart. However, the US dollar is higher against European currencies and against the Canadian dollar. The US dollar index is higher today, gaining ground after a wild morning. The news that Japan had fallen into recession led to some […]
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November 172014
Aussie Swings, Then Moves Lower
It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts. Aussie has had a rather eventful start to the week, thanks in large part to the surprise […]
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November 172014
EUR/USD Unable to Maintain Rally
EUR/USD attempted to extend Friday’s rally today but failed. The currency pair was falling even as US economic indicators disappointed dollar bulls. One of the reasons for the euro’s weakness is comments from European Central Bank President Mario Draghi who voiced his concerns about health of Europe’s economy. NY Empire State Index climbed from 6.2 to 10.2 in November, indicating faster growth than in the previous reporting […]
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