Day: December 23, 2014

December 23
2014

NZD Gains as New Zealand Trade Deficit Shrinks

The New Zealand dollar climbed today as the nation’s trade balance deficit shrank last month more than analysts have expected. It was the first daily gain in three sessions against the US dollar and the fifth consecutive advance against the Japanese yen. The New Zealand trade balance demonstrated a shortage of NZ$213 million in November, down from NZ $911 million in October. Experts predicted the value of NZ$550 million. The report was […]

Read more
December 23
2014

US Dollar Trades Mixed in Sign of What Could Come in 2015

US dollar is trading mixed today, and that could be a sign of what could come in 2015. Indeed, while the dollar is expected to remain relatively strong, it is likely to do so in fits and starts, and the recent rally will be hard to maintain as long as the Federal Reserve remains “patient.” Much of the dollar’s recent rally strength has come from expectations of policy divergence. The Federal Reserve is expected […]

Read more
December 23
2014

Malaysian Ringgit Suffers from Lower Oil Prices

The Malaysian ringgit dropped for the third straight session today on concerns that the drop of oil prices will hurt the trade balance of the oil-exporting country. Some of the major OPEC members reiterated yesterday that they are not going to cut production and some of them are even going to increase output. The statement renewed concerns about decline of crude oil prices. Analysts say that Malaysia, being oil-producing country, may be […]

Read more
December 23
2014

EUR/USD Continues Rally to New Lows

EUR/USD extended its downward rally today, reaching yet another multi-year low. Positive indicators, including strong economic growth, added to speculations about early monetary tightening from the Federal Reserve. Not every report was good though, and the housing market in particular demonstrated disappointing results. US GDP grew 5.0% in Q3 2014 according to the third (final) estimate. The actual growth was above the analysts’ predictions of 4.3%, […]

Read more