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Day: May 26, 2015
May 262015
US Data Supports Upward Momentum of Dollar
The US dollar gained more than 1 percent against the basket of major currencies today, reaching the highest level in almost 8 years against the Japanese yen. Today’s economic data from the United States added to the upward momentum of the greenback. The dollar just continued the bullish trend that has started last Friday. While the rally has slowed on Monday due to quiet trading during the Memorial Day holiday, the advance resumed […]
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May 262015
Yen – Biggest Loser on Forex Market During Tuesday’s Trading
The Japanese yen was the weakest major currency during today’s trading session. The yen slid not only against other majors, like the US dollar, but against commodity currencies as well. Today’s data released from Japan showed that the Services Producer Price Index rose 0.7 percent in April from a year ago, exceeding analysts’ projections by a small margin. At the same time, the index was down 0.1 percent […]
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May 262015
NZD Falls vs. USD, Gains on Other Majors
The New Zealand dollar fell against its US counterpart during the Tuesday’s trading session but gained against other majors, including the euro. Data from New Zealand showed that the nation’s trade surplus shrank last month, but the decrease was not as big as experts have predicted. The New Zealand trade balance demonstrated an excess of NZ$123 million in April, down from NZ$754 million in the previous months. Still, […]
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May 262015
Euro Falls on Greek Debt Worries
Greece is once again in the spotlight, and the euro has touched a one-month low against the US dollar today as concerns about Greek debt once again come to the front of mind. Euro slipped below the 1.9000 mark against the US dollar earlier in trading today, hitting a one-month low of 1.0885. The euro has since recovered some of those losses, but is still under pressure. Concerns about Greece are once […]
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May 262015
Loonie Loses Ground, But Hope Appears
Canadian dollar is losing ground against some of its major counterparts today, but there has been a slight shift in the long-term outlook for the loonie. Even though the Canadian dollar is lower today, there might be room for some strength in the future as the economy improves and if oil prices continue to recover. Last week, there was a small shift in the USD/CAD, subtly favoring the Canadian dollar. Today, some of that […]
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May 262015
EUR/USD Hits Monthly Low
EUR/USD hit the lowest level in a month today. While economic data from the United States was a bit mixed, there was enough good news to propel the already strong dollar even higher. Durable goods orders fell 0.5% in April, in line with analysts’ expectations. The March’s increase was revised from 4.0% to 5.1%. (Event A on the chart.) In March, S&P/Case-Shiller home price index advanced at the same 5.0% annual rate […]
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