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Day: December 29, 2014
December 292014
Stocks, Greek Elections Don’t Bring Euro Down
Euro is a little bit rattled today, but not enough to be seeing losses to its major counterparts yet. Between lower stocks across the eurozone, and concerns about the outcome of Greek elections, many expected the 18-nation currency to be doing worse today. Euro isn’t doing as poorly as some expected earlier. Instead, the euro is up against many of its major counterparts, logging gains even though things […]
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December 292014
Swiss Franc Declines as Consumption Indicator Ticks Down
The Swiss franc declined against the euro today as consumption indicators fell slightly last month. The report was not completely negative though as it said that the Christmas season had a good start for the retail sector. At the same time, the currency gained versus the dollar. The UBS consumption indicator fell a bit from 1.32 to 1.29 points in November. The report said: Fewer new car registrations are weighing on consumption, but on the positive […]
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December 292014
Indian Rupee Drops due to Year-End Dollar Buying
The Indian rupee dropped today for the fourth straight session. Market analysts speculated that the currency dropped as importers were buying dollars to pay for their bills by the end of the year. It is not uncommon for the Forex market to react to the year-end by wild swings as companies buy currencies to fulfill their payment obligations. At the same time, thin trading volume due to the holiday season calms volatility as liquidity is low. Nevertheless, today’s drop […]
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