Day: December 4, 2014

December 4
2014

Euro Jumps as ECB Makes No Move

The euro climbed today after the European Central Bank refrained from expanding stimulus just yet. The currency came off its highs but remains far above the Thursday’s opening as of now. ECB President Mario Draghi said in his speech after the policy decision: Based on our regular economic and monetary analyses, and in line with our forward guidance, we decided to keep the key ECB interest rates unchanged. The shared […]

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December 4
2014

Pound Edges Down After BoE Meeting

The Great Britain pound fell a little today after the Bank of England kept its monetary policy stable. Now Forex traders wait for a policy decision from the European Central Bank. The BoE announced after today’s policy meeting: The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves […]

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December 4
2014

Australian Dollar Dips as Fundamentals Fail to Support

The Australian dollar dipped today, falling to a new multi-year low against its US counterpart. The currency declined even though macroeconomic data from Australia was positive and should have supported the currency. Australian retail sales grew 0.4 percent in October, at the same rate as in the previous two months. The trade balance deficit shrank by A$0.91 billion to A$1.32 billion in October on a seasonally adjusted basis, more than analysts have predicted. […]

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December 4
2014

Yen Continues to Weaken Against Other Currencies

Yen continues to weaken against its major counterparts, falling lower on comments about inflation. It’s also not helping today that there seems to be a degree of risk appetite that means a lower yen in general. There isn’t a whole lot going for the yen right now. Indeed, even policymakers in Japan are working to keep the yen lower. Recently, Bank of Japan Board Member Takehiro Sato said that […]

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