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Day: June 18, 2015
June 182015
Japanese Yen Heads Higher Against Other Majors
Japanese yen is heading higher against its major counterparts today, gaining ground as policymakers continue their two-day meeting. Yen is higher today, strengthening after losing ground earlier. Bank of Japan policymakers are in the middle of a meeting, following on the heels of a dovish statement from the Federal Reserve. A statement from the BOJ is expected tonight. Japanese yen is gaining ground, though, as Forex traders take stock […]
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June 182015
Euro Higher Even as Grexit Talk Swirls
Euro is mostly higher today against its major counterparts, even after increased speculation that Greece will need to exit the eurozone. Euro is getting help from weakness in other currencies, particularly the dollar. Euro is getting a boost today, which some may find surprising, considering the increasing chance that Greece will have to exit the eurozone. Greek policymakers are wielding the threat of an exit. While […]
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June 182015
Swiss Franc Resilient Despite Negative Interest Rates
The Swiss franc gained on the US dollar and held steady versus the euro during the current trading session even though the Swiss National Bank decided to keep negative interest rates at today’s policy meeting. The SNB maintained the policy of charging 0.75 percent interest on deposits made to the bank. The central bank remained unhappy with the exchange rate, saying that “the Swiss franc is significantly overvalued.” Yet the SNB will be hard-pressed […]
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June 182015
NZ Dollar Dips as Economic Growth Disappoints
The New Zealand dollar dipped against its major counterparts today as the nation’s economic growth disappointed market participants, being far slower than they had counted on. New Zealand gross domestic product expanded 0.2 percent in the first quarter of 2015 versus the expectations of a 0.6 percent increase. Moreover, the previous quarter’s growth was revised slightly down from 0.8 percent to 0.7 percent. The kiwi sank after […]
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June 182015
EUR/USD Extends Post-FOMC Gains
EUR/USD rallied today, extending yesterday’s gains. The dollar remained under pressure from the FOMC dovish statement while the euro was supported by rumors about extension of the bailout program for Greece. The currency pair was rising during the first half of the trading session but is struggling to maintain its upward momentum as of now. CPI rose 0.4% in May, missing the analysts’ estimate of 0.5% by a small margin but exceeding the previous month’s […]
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