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Day: December 30, 2014
December 302014
Consumer Confidence Not Enough for the US Dollar
US dollar is losing ground today against its major counterparts, even though there is a degree of risk aversion in the markets, and consumer confidence is on the rise. The news that Russia and China continue to work to bypass the greenback is one item adding to dollar weakness. The latest US consumer confidence index survey showed a rise to 92.6 this month, from a revised 91.0 in November. This data is still […]
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December 302014
Yen Gains as Traders Seek Safe Investment Options
The Japanese yen rallied today, rising against all of its major peers, as the risk-negative market sentiment spurred traders to seek safer assets. The currency demonstrated the biggest gain in two weeks versus the US dollar. The market sentiment has already been averse to risk due to the drop of oil prices. Yet the situation in Europe (and Greece in particular) increased demand for safer investment options even further. As a result, the yen rallied, undoubtedly making […]
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December 302014
Pound Gains vs. Dollar, Retreats vs. Yen
The Great Britain pound gained today against the US dollar on the back of relatively positive housing data. Gains were limited though, and the currency dropped versus the Japanese yen. The Nationwide House Price Index rose 0.2 percent in December. While it was not a bad result, the increase was smaller than the November’s 0.3 percent. HPI growth slowed on an annual basis as well. Despite the small gain of the pound on the dollar, analysts […]
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December 302014
Dollar Halts Rally, Remains in Bull Mode
EUR/USD was flat today following two trading sessions of losses. The currency pair reached the lowest level since July 2012 intraday though. While the dollar backed off due to profit taking as well as after consumer confidence missed expectations, analysts remain bullish on the US currency over longer term. The outlook for tighter monetary policy and robust economic growth helped the greenback to gain on all other most-traded currencies this […]
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December 302014
Israel’s Central Bank Maintains Key Interest Rate, Shekel Down vs. Dollar
The Israeli new shekel fell against the US dollar today even though the nation’s central banks decided to keep its main interest rate unchanged at yesterday’s monetary policy meeting as the outlook for Israel’s economy was relatively positive. The currency gained on the euro. The Bank of Israel decided to keep its benchmark interest rate at 0.25 percent. It looks like the previous interest rate cuts had an effect and the nation’s economy is […]
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December 302014
Dollar Gains on Euro for Third Session
The US dollar rallied yesterday and continued to gain on the euro today, reaching a new multi-year high. The greenback also was strong against the Great Britain pound but slipped versus the Japanese yen. The US currency gained on the currency of the eurozone for the third straight session due to concerns about the outcome of the Greek elections. Experts are concerned that in case of victory of the opposition Syriza party the bailout package or even the place of the Greece in the eurozone will […]
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