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Day: February 12, 2015
February 122015
Sterling Rallies After Inflation Report
The Great Britain pound soared against its most-traded counterparts today after the release of the Inflation Report from the Bank of England. The sterling fell versus the Japanese yen but bounced and almost erased losses by the end of Thursday’s trading. BoE Governor Mark Carney spoke at the press-conference regarding the Inflation Report, predicting a drop of inflation: Inflation is at its lowest level since the introduction of Inflation Targeting two decades ago. It will […]
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February 122015
Sweden Joins ‘Negative Interest Rates Club’
The Swedish krona dropped against the US dollar today after the nation’s central bank joined some other central banks of Europe (including the European Central Bank and the Swiss National Bank) in implementing negative interest rates. The krona attempted to stay flat against the euro but fell as well recently. The Riksbank announced today: There are signs that underlying inflation has bottomed out, but the situation abroad is now […]
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February 122015
New Zealand Dollar Shows Resilience in Face of Poor Data
The New Zealand dollar was surprisingly strong during the current trading session even though macroeconomic news from the South Pacific nation was not good at all today. The House Price Index of Real Estate Institute of New Zealand dropped 1 percent in January, at the same rate as in February. The Business NZ Manufacturing Index slid from 57.1 in December to 50.9 last month. Despite all the negative indicators, the New Zealand […]
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February 122015
Aussie Gains on Greenback, Fails vs. Yen
The Australian dollar gained against its US peer today, but it was a result of the greenback’s weakness not the strength of the Aussie. As an evidence of this, the Australian currency dropped versus the Japanese yen. Australian employment shrank by 12,200 January from December, more than two times the predicted fall by 4,700. What is more, the unemployment rate climbed from 6.1 percent to 6.4 percent, topping expectations. The Australian dollar dropped […]
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February 122015
US Dollar Heads Lower After Earlier Surge
US dollar is heading lower again following an earlier surge in value relative to its major counterparts. Earlier, the greenback saw gains, especially against emerging market currencies. Now the dollar is pulling back a bit, especially against its major counterparts. Profit taking is one of the factors contributing to the greenback’s lower performance against its major counterparts right now. Earlier, the US dollar surged a bit against […]
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February 122015
EUR/USD Rises on Back of Dollar Weakness
EUR/USD advanced today, driven by the weakness of the US dollar. The greenback was soft for several reasons, the most important of them being the surge of unemployment claims and the cease-fire agreement between Ukraine and pro-Russian rebels, which made the dollar less attractive in its role of a safe haven. As for news from Europe, they were not particularly good as talks about a new bailout deal for Greece did not bear fruit for now. Retail sales […]
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