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Day: February 26, 2015
February 262015
Rising CPI Doesn’t Help Canadian Dollar
The Canadian dollar fell against its US counterpart today despite positive macroeconomic data from Canada. The currency also retreated against the Japanese yen but gained on the very weak euro. Canada’s Consumer Price Index fell 0.2 percent in January while the core CPI rose at the same rate. The data was not stellar, yet it was still better than analysts’ forecast. Year-on-year, consumer prices grew […]
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February 262015
Dollar Posts Substantial Gains After Mixed Data
Today’s data from the United States was rather mixed but it did not prevent the US dollar from demonstrating an impressive rally. The currency rose to the highest level in a month against the euro. There were several macroeconomic reports from the USA today. Some of them were good, like durable goods orders, some of them bad, like unemployment claims. Yet others were harder to crack: the Consumer Price […]
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February 262015
Australian Dollar Reverses Thursday’s Losses
The Australian dollar fell at the start of today’s trading session as macroeconomic data from Australia disappointed trades. Yet for whatever reason the currency managed to bounce and is trading above the opening level right now. Australian private capital expenditure fell 2.2 percent in the fourth quarter of the last year on a seasonally adjusted basis after rising in the previous three months. Analysts expected a drop but not that big. The Australian dollar was […]
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February 262015
Positive Trade Balance Lifts New Zealand Dollar
The New Zealand trade balance turned positive in January, surprising analysts who expected it to remain in the negative territory. The New Zealand dollar rallied as a result. The New Zealand trade balance had a surplus of NZ$56 million in January after posting a deficit of NZ$195 million in December. Market experts counted on a shortage of NZ$162 million. The positive data allowed the NZ dollar to rally to the highest level since January 21 against the US dollar […]
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February 262015
Traders Focus on Durable Goods Orders, EUR/USD Lower
EUR/USD dropped today, ending its sideways movement, as traders focused their attention on the positive report about US durable goods orders. This allowed the dollar to gain on the euro even though other indicators were not that good. The currency pair was trading in a range for the most part of the month, but it looks like a downside breakout has occurred. CPI declined 0.7% in January on a seasonally adjusted basis. The drop […]
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February 262015
Pound Remains Strong, Supported by Positive Data
The Great Britain pound was very strong during the Wednesday’s trading session after the release of yet another positive macroeconomic indicator from the United Kingdom. The sterling remains firm during early Thursday’s trading. British Bankers’ Association reported that the number of mortgages approved for house purchases increased from 35,816 in December to 36,394 in January. The reading exceeded the median forecasts of market analysts. Macroeconomic data from Great Britain was […]
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