- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: November 21, 2014
November 212014
China’s Interest Rate Cut Lifts Australian Dollar
The Australian dollar climbed today, reaching the highest level in more than a year and half against the Japanese yen. The rally followed a surprise interest rate cut from China’s central bank. The Peopleâs Bank of China made an unexpected move today, announcing that it lowers the one-year deposit rate by 0.25 percentage point to 2.75 percent and reduces the one-year lending rate by 0.4 percentage point to 5.6 percent. The changes will take […]
Read more
November 212014
Canadian Inflation Pushes Loonie to New Highs
The Canadian dollar rose today, touching the highest level in a month against its US counterpart, as Canada’s inflation exceeded expectations. The currency also rallied to the strongest level in a year versus the euro and reached a new multi-year high against the Japanese yen. The Canadian Consumer Price Index rose 0.1 percent in October from September on a seasonally adjusted basis while economists expected a drop. The core CPI was up 0.2 percent (seasonally […]
Read more
November 212014
Swiss Franc Joins Euro in Decline
The Swiss franc sank today as Governing Board Member Fritz Zurbruegg said that the Swiss National Bank will take any steps required to keep the ceiling on the currency in place. The Swissie declined together with euro. Zurbruegg said in a speech yesterday: The SNB will continue to enforce the minimum exchange rate with the utmost determination. To this end, it is prepared to purchase foreign exchange in unlimited quantities and to take further measures […]
Read more
November 212014
Euro Plunges Following Draghi’s Comments
Euro is heading much lower today, plunging following the latest comments by ECB President Mario Draghi. His insistence that the ECB will do whatever it takes to stimulate the eurozone economy is driving the 18-nation currency lower today. Euro continues to trade near session lows today, losing ground across the board following the latest remarks from Mario Draghi, the President of the European Central Bank. Draghi indicated […]
Read more
November 212014
Yen Rebounds on Finance Minister’s Comments
The Japanese yen rallied today after Japan’s Finance Minister Taro Aso commented on the recent slump of the currency, saying it was too quick. Aso said today that “the pace of the decline in the past week has been too fast.” It is rare that Japanese officials complain about weakness of the yen, though economists believe that Aso had problem with the pace of the movement, not its direction. Signs […]
Read more
November 212014
Pound Trades Mixed to Lower Following Rally
The Great Britain pound was little changed at the start of the current trading session, edging a little lower against the euro and the Japanese yen. The currency rallied yesterday due to better-than-expected retail sales. UK retail sales rose 0.8 percent in October after falling 0.4 percent in September. Analysts predicted smaller growth by 0.4 percent. The positive data allowed the currency to rise, touching the highest level since October 2008 against the yen. […]
Read more