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Day: May 28, 2015
May 282015
Dollar Softens After Mixed Data
The US dollar softened today after the release of mixed economic data from the United States. The currency trimmed its gains against the Great Britain pound and the Japanese yen while against the euro the greenback demonstrated losses. Pending home sales rose 3.4 percent in April to the highest level since May 2006. Meanwhile, initial claims for unemployment benefits rose by 7,000 to 282,000 last week instead of falling as analysts had predicted. […]
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May 282015
Canadian Dollar Firms by End of Thursday’s Trading
The Canadian dollar had been falling against its US counterpart and the euro during the most part of the Thursday’s trading session. Yet as of now, the currency has managed to erase losses versus the greenback and to pare the decline against the currency of the eurozone. On top of that, the loonie rallied versus the Japanese yen. The most likely reason for the improving performance is the rally of crude oil prices. Futures for crude gained 0.82 percent in New York as US […]
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May 282015
Australian Data Sinks to Lowest Since April as Data Disappoints
The Australian dollar tumbled to the lowest level in a month and a half against its US peer and sank versus the euro today as economic news from the South Pacific country was much worse than the market has counted on. Australian capital expenditure shrank by 4.4 percent in the first quarter of this year after falling 1.7 percent during the previous three months. The actual decrease was almost two times bigger than […]
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May 282015
UK GDP Growth Gets No Revision, Pound Drops
The Great Britain pound dropped against the US dollar and almost erased its gains against the Japanese yen today even though economic data from the United Kingdom was good for the most part. The major reason for the currency drop was the second estimate of UK gross domestic product that was unchanged compared to the first one, leaving growth at the 0.3 percent level. Most market analysts have hoped for at least a small […]
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May 282015
US Dollar Retreats From Recent Highs
US dollar is retreating from recent highs today, especially against the euro. The dollar index is lower as a result. However, expectations for long-term dollar strength aren’t over yet. Greenback appears to be in consolidation mode to some degree as it retreats from recent highs. Dollar is lower against the euro, even though it is higher than the pound and the yen today. This drop against the euro is […]
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May 282015
Euro Slide Halts as Greece Claims an Agreement
Late yesterday, Greek officials announced that they were drafting an agreement for their creditors. The news halted the euro’s slide, as did an interest in the 19-nation currency by holidaymakers and others. Euro has seen its most recent slide come to a stop, and is even a little higher today, thanks to yesterday’s developments. Greece claims that it is working on a draft agreement with its creditors. Even though some eurozone officials […]
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May 282015
EUR/USD Flat After Mixed US Data
EUR/USD traded flat today following US data that did not help the currency pair to find a clear direction. The pair was rising during the Asian trading session, sharply fell back during the European session and is trading sideways right now. Economic reports from the United States were mixed as unemployment claims rose unexpectedly while pending home sales reached the highest level since May 2006. […]
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