Day: November 26, 2014

November 26
2014

Taiwan Dollar Joins Yen in Rally

The Taiwan dollar rose a little today, trading near the highest level in one week. The currency advanced as the Japanese yen rallied and the US dollar retreated, potentially helping nation’s exports. The stronger yen should benefit Taiwanese exporters, making their Japanese rivals less competitive. The yen rallied following yesterday’s speech from Bank of Japan Governor Haruhiko Kuroda and disappointing macroeconomic data from the United States. Experts believe that […]

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November 26
2014

Brazilian Real Gains on Hopes for New Finance Minister

The Brazilian real advanced today on hopes that the former Treasury Secretary Joaquim Levy will become the new finance minister and will help the country to deal with the current economic problems. There are rumors that President Dilma Rousseff will accept Joaquim as the new finance chief. Previously, the real was falling as the President refrained from announcing a person will take the minister seat. Brazil desperately needs a financial professional […]

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November 26
2014

Dollar Retreats After Wave of Reports

The current trading session is awashed with economic reports from the United States, and most of them were disappointing, the same as yesterday. The dollar retreated further as a result, falling for the third consecutive day. Initial jobless claims climbed from 292k to 313k last week instead of falling to 287k as market analysts were anticipating. (Event A on the chart.) Durable goods orders rose by 0.4% in October while experts predicted a drop by the same rate. […]

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November 26
2014

Aussie Rises During Abbreviated Trading

The Australian dollar rallied today even as central bank’s officials continued to complain about the excessive strength of the currency. The Aussie was down during two previous trading sessions. Today’s trading may be choppy because of light volume due to a holiday in the United States. Philip Lowe, Reserve Bank of Australia Deputy Governor, was speaking at the Annual Australian Business Economists Conference dinner in Sydney today. He said regarding the strength […]

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