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Day: March 10, 2015
March 102015
NZ Dollar Lower Ahead of RBNZ Policy Statement
The New Zealand dollar was falling today as uncertainty ahead of tomorrow’s central bank’s policy statement and the strength of the US dollar made traders avoid the New Zealand currency. The Reserve Bank of New Zealand will conduct its policy meeting and will release the accompanying statement by the end of tomorrow’s trading session. While no change to policy is expected, traders are still worried about potential wording in the policy announcement as the previous […]
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March 102015
Euro Continues to Lose Ground to Major Currencies
Euro continues to struggle as concerns about Greece overshadow the entire eurozone. Euro has hit 10-year lows against the US dollar and seven-year lows against the UK pound. Euro is heading lower today, losing ground against nearly all of its major counterparts. Concerns about the Greek situation continue to weigh on the 19-nation currency. Even though Greece has been given a lifeline, very little progress has been […]
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March 102015
UK Pound Trades Mostly Lower – But Higher Against Euro
UK pound is trading mostly lower today, but it is moving higher against the euro. Sterling is down against many of its major counterparts, but is gaining ground against the euro as concerns about Greece continue to weigh on the 19-nation currency. UK pound is down against the US dollar today, thanks largely in part to policy divergence. The US economic recovery continues apace, while the UK […]
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March 102015
Yuan Flat After China’s Mixed Economic Data
The Chinese yuan traded almost flat during the European session after economic data from China came out mixed with rising consumer inflation but falling producer prices. China’s Consumer Price Index rose 1.4 percent in February from a year ago, exceeding market expectations. At the same time, the Producer Price Index dropped 4.8 percent, more than analysts predicted. The data gave no edge neither […]
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