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Day: April 23, 2015
April 232015
Aussie Pares Losses vs. Greenback & Yen, Remains Soft vs. Euro
The Australian dollar fell during the Thursday’s trading session as economic data from both Australia and its biggest trading partner, China, pushed the currency lower. The Aussie managed to erase losses versus the US dollar and the Japanese yen but retained soft performance against the euro. The HSBC Flash China Manufacturing Purchasing Managersâ Index fell from 49.6 in March to 49.2 in April while analysts promised it to stay almost unchanged. […]
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April 232015
Swiss Franc Recovers from Yesterday’s Shock
The Swiss franc rallied today following yesterday’s big drop. The currency declined on Wednesday after the Swiss National Bank narrowed the range of deposits that are exempt from negative interest rates. The SNB announced yesterday: The Swiss National Bank (SNB) has completed its review of exemptions, and has considerably reduced the group of sight deposit account holders that are exempt from negative interest. The announcement led to a huge decline […]
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April 232015
Interest Rate Speculations Send NZ Dollar Tumbling
The New Zealand dollar sank today against other major peers due to speculations that the Reserve Bank of New Zealand is not going to raise interest rates and may even perform a rate cut. Reserve Bank assistant governor Dr John McDermott said that the central bank is not considering raising borrowing costs currently: Before considering any tightening in monetary policy we would need to be […]
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April 232015
Euro Remains Mostly Higher, Even After Disappointing PMIs
Euro is faltering a bit after the recent release of PMI data, but the 19-nation currency is still mostly higher right now. Concerns about the state of the eurozone recovery could undermine the euro in the coming days, however. Right now, the euro is higher against most of its major counterparts. The euro has been seeing some strength, thanks to higher stocks in the Europe and the prospect of economic recovery, along with a solution […]
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April 232015
Dollar Index Slips as Forex Traders Reset
US dollar index is slipping today as forex traders reset their positions, and as the euro gains ground on the prospect that Greece might actually make it through 2015. Even though the US dollar is trading mostly higher against its major counterparts, the dollar index is lower today. Forex traders are consolidating some of their positions and considering what might be ahead later in the year. Speculation about […]
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April 232015
EUR/USD Rises After Disappointing Thursday’s Data
EUR/USD rallied today as basically all the data from the United States was disappointing. Earlier, the currency pair was moving down as economic news from Europe was not good either. Initial jobless claims were at the seasonally adjusted rate of 295k last week, almost unchanged from the previous week’s rate of 294k, while analysts predicted a drop to 288k. (Event A on the chart.) Flash Markit manufacturing PMI fell to 54.2 […]
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