Day: December 11, 2014

December 11
2014

Greenback Continues to Look for Direction

US dollar is trading mixed today, and the US dollar index is down, thanks to a lot of the upheaval in the world right now. Greenback is trying to push higher after losing ground recently, and the results depend largely on a number of global factors. It’s been an interesting week so far, as the US dollar has seen a great deal of weakness. Oil and gold prices remain choppy, and that is impacting the US dollar. […]

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December 11
2014

Australian Dollar Retreats After Rally

The Australian dollar went down after the initial spike today. The currency rallied after the surprisingly good employment report but was unable to sustain gains. The Aussie traded below the opening level against the US dollar and the euro but hangs above the opening versus the Japanese yen. Australian employers added as much as 42,700 jobs in November compared to the previous month’s increase of 15,200. Still, the unemployment rate ticked up by 0.1 percentage […]

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December 11
2014

EUR/USD Drops as US Data Makes Dollar Stronger

EUR/USD went down today after three consecutive daily gains. The majority of US reports, including retail sales and unemployment claims data, were good. This allowed the dollar to outperform the euro. Retail sales rose 0.7% in November, exceeding the median forecast of 0.4% and the revised October’s increase of 0.5%. (Event A on the chart.) Initial jobless claims fell from 297k to 294k last week instead of rising to 299k as was predicted by analysts. […]

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December 11
2014

NZ Dollar Rallies as RBNZ Promises Interest Rate Hikes

The New Zealand dollar rallied today after the Reserve Bank of New Zealand decided overnight to keep its key interest rates unchanged. While the currency came down from its high for the day against the US counterpart, it remains above the opening level. The RBNZ decided to keep its Official Cash Rate at 3.5 percent. Governor Graeme Wheeler said in the statement about the world’s economic growth: The global economy continues […]

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