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Day: April 8, 2015
April 82015
Euro Loses Ground, Knocked Out by Dollar
The euro lost its ground against the US dollar, as well as against other most-traded currencies, after the Federal Reserve released its policy minutes. The currency fell also as not all economic reports from the countries of the eurozone were favorable. The Fed’s minutes allowed the dollar to rally, knocking out the euro. While many other currencies managed to retain at least some gains versus the greenback, the common currency of the eurozone was not […]
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April 82015
Dollar Bounces After Fed Minutes
The US dollar was falling falling during the current trading session before the Federal Reserve released the minutes of its latest policy meeting. The currency bounced after the release, gaining on the euro. The greenback also trimmed its losses against other currencies. The most likely reason for the dollar’s rally is that the minutes mentioned that several policy makers thought that June should be an appropriate date to raise interest rates: […]
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April 82015
NZ Dollar Gains Ahead of Fed Minutes
The New Zealand dollar gained today as Forex trading were readying for the release of minutes from the Federal Reserve. The US dollar dropped ahead of the event, allowing other currencies to rally. The Federal Reserve is going to release minutes of its latest policy meeting on 18:00 GMT today. Market participants hope that the report will help to assess possible timing for an interest rate hike. It is hard to guess the market reaction […]
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April 82015
Yen Rallies vs. Dollar, Unable to Gain on Other Peers
The Japanese yen rallied against the US dollar today after the Bank of Japan conducted its April policy meeting. The currency was unable to beat its other rivals. BoJ Board members voted for keeping stimulus intact with one dissenter who argued in favor of reducing monetary accommodation. Takahide Kiuchi voted for reducing the size of annual asset purchases to ¥45 trillion from the current ¥80 trillion. With the majority of voting […]
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April 82015
EUR/USD Breaks Below Opening After FOMC Minutes
The Federal Open Market Committee released minutes of its March meeting today. EUR/USD dropped below the opening level after the release though the currency pair was moving down even before the event. The minutes were not entirely favorable to the dollar, but it looks like market participants preferred to pay attention mostly to the good part. US crude oil inventories grew by 10.9 million barrels to a new record last […]
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April 82015
Indian Rupee Stronger After RBI Policy Meeting
The Indian rupee managed to gain against the US dollar today following yesterday’s monetary policy meeting. While India’s central bank retained its dovish bias, it was not yet ready to make another reduction of borrowing costs. The Reserve Bank of India decided to keep its main interest rate at 8.5 percent during yesterday’s policy meeting. The central bank said in the statement that it retains “accommodative stance” but […]
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