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Day: February 9, 2015
February 92015
Yuan Weakens After Chinese Trade Data
The Chinese yuan fell today even as data released over the weekend showed that the nation’s trade balance improved. The caveat is that the improvement was a result of the sharp drop of imports, not due to growth of exports (which actually also fell, just not as much as imports). The Customs General Administration of China reported that China’s trade surplus expanded from $49.6 billion to $60.0 billion in January even though most […]
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February 92015
Australian Dollar Rises on Jobs Data
The Australian dollar rose today due to signs of continuous improvement of Australia’ labor market. The number of jobs advertisements grew for the eighth consecutive month in January, suggesting that the Australian economy performs relatively well. The ANZ jobs advertisements rose 1.3 percent last month after increasing 1.8 percent in the month before. ANZ Chief Economist Warren Hogan said: The eighth consecutive monthly rise in ANZ job ads is an encouraging […]
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February 92015
Euro Struggles to Move Higher Against Other Majors
Euro is struggling to move higher against other majors today following drops precipitated by more drama out of Greece. There is a great deal of uncertainty surrounding the euro right now, and that is weighing on the 19-nation currency. Even though the euro has eked out some gains, trading has been volatile and the gains may not last. Former Fed Chair Alan Greenspan is predicting that Greece […]
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