Day: November 25, 2014

November 25
2014

Euro Bounces as US Indicators Disappoint

The euro bounced today after the initial drop as some economic indicators released from the United States were not as good as dollar bulls were hoping for, reducing the shine of the US currency. The Conference Board consumer confidence index for the USA fell this month instead of rising as was predicted by market analysts. The Richmond Fed manufacturing index slumped from 20 to 4 in November. While a drop was expected, most experts […]

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November 25
2014

Norwegian Krone Drops Ahead of OPEC Meeting

The Norwegian krone dropped today ahead of this week’s meeting of oil-producing countries. Oil exporters will gather to discuss steps for supporting prices for crude that have been in decline since June. The Organization of Petroleum Exporting Countries scheduled the meeting for November 27. The members of the organization will discuss measures for helping crude oil to end its downtrend. One of possible solutions is to cut production. Norway is the biggest oil-producer in Western […]

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November 25
2014

NZ Dollar Sinks as Inflation Expectations Deteriorate

The New Zealand dollar sank today after the nation’s central bank reported that inflation expectations for the next year dropped last quarter compared to the previous three months. According to the Reserve Bank of New Zealand, median two-year-ahead inflation expectations fell from 2.2 percent to 2.0 percent. While the drop was not big, it added to speculations that the central bank will not continue resume monetary tightening in the near […]

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November 25
2014

US Dollar Higher Against European Currencies

Even though the US dollar index is a little lower today, the greenback itself is gaining ground against its European counterparts. It looks to be an interesting day following a decision not to indict in Ferguson, as well as concerns about OPEC and the eurozone. The US dollar index might be lower today, but that doesn’t mean that the greenback is losing ground on an individual basis. Indeed, against European currencies, the dollar […]

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November 25
2014

Dollar Falls After Disappointing US Data

The euro gained on the dollar today, rising for the second day in a row. EUR/USD dipped initially due to better-than-expected figures from the United States, but the manufacturing index and the consumer confidence indicator for the USA disappointed market participants, making the US currency less appealing to them. US GDP rose 3.9% in Q3 2014 according the preliminary (second) estimate. While it was slower growth the previous quarter’s 4.6%, it was above the median […]

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