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Day: February 19, 2015
February 192015
Yen Weakness Continues, Even After Deficit News
The latest news out of Japan shows a smaller than expected trade deficit for the month of January, thanks to more exports and lower oil and gas prices. However, the yen is still lower against its major counterparts, trading on concerns about economic recovery. Yen is lower against its major counterparts today as further concerns about the Japanese economy, and what the Bank of Japan and other policymakers will decide to do to spur […]
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February 192015
US Dollar Loses Steam After Fed’s Minutes
The US dollar was flat at the start of the Thursday’s trading session following Wednesday’s losses. The greenback dropped against most of major currencies and erased gains versus the euro during the previous trading session after the Federal Reserve’s policy minutes turned out to be more dovish than the market has anticipated. The Federal Open Market Committee released minutes of its January meeting yesterday. The minutes were rather dovish, saying: Many […]
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