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Day: April 15, 2015
April 152015
Canadian Dollar Gains as BoC Puts Interest Rates on Hold
The Canadian dollar gained today, reaching the highest level since May 2013 against the euro, after the Bank of Canada refrained from changing its monetary policy. The rally of crude oil prices added fuel to the loonie’s upward movement. The BoC kept its benchmark interest rate at 0.75 percent at today’s policy meeting. The central bank voiced no concern about the impact of falling oil prices on inflation, thinking that the weak […]
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April 152015
Australian Dollar Drops, Attempts to Pare Losses
The Australian dollar fell today after economic data from Australia and China disappointed market participants. As of now, the currency almost erased its drop against the US dollar and trimmed losses versus the Japanese yen. The Westpac Melbourne Institute Index of Consumer Sentiment fell by 3.2 percent in April after dropping 1.2 in the previous month. China’s economic growth slowed to 7 percent in the first quarter of 2015 from 7.3 percent during […]
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April 152015
Euro Unsteady in Choppy Trading
Euro is a little unsteady this morning, trading mixed against its major counterparts as Mario Draghi talks about eurozone monetary policy. Euro is getting a little help against the US dollar today, thanks to the disappointing retail sales and manufacturing data. Additionally, with stocks on the rise following earnings data (the US market seems to be shrugging off the economic data), the euro has a little more support. Some […]
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April 152015
EUR/USD Rescued After Initial Drop
At the start of the Wednesday’s trading session EUR/USD was moving down, and it looked like the Tuesday’s rally had come to an end. Yet the euro was rescued by yet another set of worse-than-expected economic indicators released from the United States. This allowed the currency pair to rebound. The European Central Bank made no changes to its monetary policy during its meeting. NY Empire State Index demonstrated a reading of -1.2 in April — […]
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