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Day: May 13, 2015
May 132015
New Zealand Dollar Rallies After Poor US Data
The New Zealand dollar rallied today on the back of the US dollar’s weakness even though news from the South Pacific nation itself was rather detrimental to the kiwi. US retail sales were flat in April, frustrating market participants who counted on an increase. This led to jump of the New Zealand dollar against its US counterpart as well as versus other majors. The kiwi was rising earlier as well even though the currency […]
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May 132015
GDP News Helps Euro
Euro is heading higher against many of its major counterparts today, thanks in part to a new GDP reading. Better economic data is helping the euro, even though there are still trials to overcome. The eurozone economy grew by 0.4 per cent in the first quarter of 2015, according to the latest news from Eurostat. The agency reports that GDP rose on a seasonally adjusted basis, building on the 0.3 per cent growth […]
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May 132015
Oil Rally Lifts Loonie Higher in Forex Trading
Oil is rallying, and that is helping the Canadian dollar in Forex trading today. Loonie is mostly higher against its major counterparts. Oil continues to rally today, moving above $61 per barrel as concerns about global unrest, as well as forecasts for increased demand, provide support. The fighting still going on in Yemen is threatening supply out of the Arabian peninsula, and that is providing some support for oil. Another […]
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