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Day: June 16, 2015
June 162015
Pound Higher as UK Exits Deflation
The Great Britain pound was generally higher today after the data showed that the United Kingdom exited deflation last month. Other economic reports were not as good, but that did not prevent the currency from rising. The Office for National Statistics reported that the UK Consumer Price Index rose 0.1 percent in May after falling at the same rate in the prior month. Not everything was positive as the report […]
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June 162015
Australian Dollar Attempts to Bounce
The Australian dollar dropped a little after the nation’s central bank released the minutes of its latest policy meeting. The fall was small and the currency is attempting to bounce right now. The Reserve Bank of Australia released the minutes of its June meeting today. The report confirmed the central bank’s easing bias, though Australian policy makers preferred to wait for more economic data before deciding if an additional interest rate cut is […]
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June 162015
Euro Struggles as Greece Impasse Continues
Financial markets are finally showing concern over the negotiations between Greece and its creditors and the euro is struggling today. Concerns that an agreement really won’t be reached, and that Greece will default, are on the rise. Forex traders and other investors are becoming nervous about the situation with Greece as negotiations continue to stall. Unless the country receives new funds, Greece is likely to default on a 1.6 billion euro […]
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June 162015
US Dollar Gains as Traders Await Federal Reserve Meeting
US dollar is heading higher today as traders look forward to the coming two-day meeting of Fed policymakers. Greenback is also getting some support from worries about what’s next for Greece. The members of the Federal Reserve’s Federal Open Market Committee are starting a two-day meeting today, and many expect to see signs that interest rates will rise in September. While there are some concerns that the strong […]
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June 162015
EUR/USD Rallies on Monday, Remains Under Pressure
The dollar fell against the euro on Monday as US macroeconomic reports were surprisingly lackluster for the most part. EUR/USD remained under pressure, though, after the weekend talks between Greece and its creditors turned out to be an utter failure and the indebted country is closer to a default than ever. NY Empire State Index sank from 3.1 in May to -2.0 in June. It was a huge (and unpleasant) surprise for traders who had […]
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