Day: November 28, 2014

November 28
2014

Canadian Dollar Remains Under Pressure Despite Rising GDP

The Canadian dollar ended today’s session with losses even though Canada’s economy demonstrated growth in September following the previous month’s decline. It looks like the currency remains under pressure from yesterday’s OPEC announcement. Canada’s gross domestic product expanded 0.4 percent in September on a monthly basis following the 0.1 percent decline in August. GDP grew 0.7 percent in the third quarter. Other economic indicators were not […]

Read more
November 28
2014

Aussie Follows Footsteps of Kiwi

The Australian dollar followed the footsteps of its New Zealand counterpart, failing to rally against the US dollar yesterday and trimming today’s losses. The currency also rallied versus the Japanese yen. The Aussie performed strikingly similar to the kiwi. Unlike New Zealand, Australia provided good macroeconomic indicators both yesterday (with rising capital expenditures) and today (with growing private sector credit). Yet this did not affect the performance of the Aussie, […]

Read more
November 28
2014

NZ Dollar Trims Losses

The New Zealand dollar fell against its US peer today despite positive domestic reports but trimmed its losses by now. Yesterday, the currency attempted to rally but failed. The kiwi managed to gain on the Japanese yen. With the rising number of building permits and the improving business confidence, one might expect that the New Zealand dollar would rally, but this did not happen (at least not against the US […]

Read more
November 28
2014

US Dollar Index Gains Ground as Commodities Fall

US dollar index is heading higher today, gaining ground as commodities fall. While the US dollar is mixed in trading with individual currencies, the dollar index, which measures the greenback’s performance against a basket of currencies, is heading higher. The US dollar is trading mixed today, heading lower against the euro, but gaining against the pound and the yen of its major counterparts. As expected, the US dollar is also […]

Read more