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Day: March 20, 2015
March 202015
Dollar Broadly Lower During Friday’s Trading
The US dollar was broadly lower during the Friday’s trading session as the positive market sentiment was encouraging traders to take risk and buy assets that are offering higher yield, making the safety of the US currency less appealing. The dollar was seriously hurt on Wednesday by the release of the Federal Reserve’s policy statement. While the Fed dropped the phrase about ‘patience’ as was expected, market participants still considered the statement less hawkish […]
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March 202015
CAD-Crosses Demonstrate Mixed Performance
Today’s economic data from Canada was mixed, resulting in varying performance of different CAD-crosses. The currency gained on the US dollar and the Japanese yen but dropped against the euro. Canada’s retail sales were dismal, falling 1.7 percent in January in the second monthly decrease. On the other hand, the Consumer Price Index rose 0.2 percent in February after three consecutive monthly declines. Outside of Canada, fundamentals were supportive for the nation’s currency […]
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March 202015
Positive Market Sentiment Results in Yen Sell-Off
The Japanese yen dropped today against its rivals as the market sentiment was improving. While the dollar traded sideways, other currencies rallied at the expense of the yen. There were reports that Greece agreed to come up with a new reform plan to secure the next bailout package. The news alleviated concerns about a potential bankruptcy of the indebted country. Coupled with the positive German’s data, it made traders more willing to risk, […]
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March 202015
Pound Steady, Set to Close Week Second Weakest
The Great Britain pound was relatively steady against the dollar today, rising versus the Japanese yen at the same time. Still, the sterling is set to close the week as the second weakest currency following the dollar. Britain’s currency fared relatively well during the current trading session after the release of the UK public sector borrowing data. Yet the pound’s performance over the week was far less successful as the currency lost support from […]
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March 202015
German Data Helps Euro in Currency Trading
German data is once again helping the euro against its major counterparts. As the largest economy in the eurozone, Germany’s direction matters a great deal. With the latest produce prices information rising for the first time in more than a year, Germany is helping urge the euro higher, in spite of its other woes. For the first time in more than a year, PPI for Germany rose month over month. In February, German PPI rose […]
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