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Day: February 5, 2015
February 52015
Dollar Broadly Lower After Mixed US Data
Today, the US dollar traded broadly lower against most of its major counterparts, with the exclusion of the Japanese yen, after mixed macroeconomic indicators from the United States and news from Europe. US initial unemployment claims rose by 11,000 to 278,000 last week. Yet the report was not considered completely bad as analysts have expected an even bigger increase. The trade balance was the really disappointing indicator as it showed […]
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February 52015
Swiss Franc Trades in Tight Range
As the majority of currencies, the Swiss franc rose against the US dollar and the Japanese yen but fell versus the euro during the current trading session. It was rather surprising behavior, considering that news from Europe was not good. The Swiss franc declined in the weeks following the huge jump after the Swiss National Bank decided to scrap the cap on the currency. Recently, the Swissie was trading sideways in a tight range. It may […]
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February 52015
Australian Dollar Resilient in Face of Negative Fundamentals
The Australian dollar edged higher today even though fundamentals, both domestic and overseas, were not particularly supportive for the currency. The currency has been surprisingly resilient after the unexpected interest rate cut from the Australian central bank. Today’s data from Australia was disappointing as it showed growth of retail sales at 0.2 percent in December, below analysts’ projections. Coupled with the recent surprise interest rate cut from […]
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February 52015
Pound Stronger as Bank of England Makes No Move
The Great Britain pound was stronger today after the Bank of England performed no action during its monetary policy meeting. While the sterling did not manage to rise against all major peers, it gained on the safe currencies — the US dollar and the Japanese yen. As was expected, the BoE did not change monetary policy, announcing today: The Bank of Englandâs Monetary Policy Committee at its meeting today voted to maintain […]
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February 52015
Euro Higher After Volatile Trading
Things have been a bit volatile for the euro today. An ECB decision to stop accepting Greek bonds as collateral is rocking the region. However, even so, the euro has recovered and moved higher, even though at one point in the session it looked as though the 19-nation currency would slip below the 1.13 mark against the dollar. Earlier today, the European Central Bank announced that it would revoke a waiver allowing Greek […]
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February 52015
Dollar Falls vs. Euro After Mixed Reports
The dollar rose against the euro during the current trading session initially as the European Central Bank announced that it is not going to accept Greek bonds as collateral anymore. The news sparked speculations that an exit of Greece from the eurozone is not that unlikely. Yet the dollar lost its strength after the initial surge, and mixed economic data from the United States was not helping the US currency either. […]
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