Day: June 23, 2015

June 23
2015

NZ Dollar Drops to 5-Year Low vs. US Dollar

The New Zealand dollar dropped to the lowest level in almost five years against it US peer as traders were seeking safer currencies amid the Greek crisis. At the same time, the kiwi was little changed against the Japanese yen. Talks about the bailout for Greece stalled on Monday, ending without reaching a deal. There are hopes that can be achieved an agreement by the end of the week, but for now traders prefer to play […]

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June 23
2015

Australian Dollar Avoids Impact of Negative Domestic Data

The Australian dollar held steady against its US counterpart and managed to gain on the Japanese yen today even though economic data from Australia was not particularly supportive to the currency. The Conference Board Leading Index for Australia slipped 0.3 percent in April after showing no change the month before. The House Price Index rose 1.9 percent in the March quarter — not a bad reading by itself, but lower than analysts’ […]

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June 23
2015

EUR/USD Sinks on Greek Worries

The dollar surged against the euro today even though economic reports from the United States were mixed while data about manufacturing and services sectors of the eurozone was rather positive. The reason for the euro’s underperformance was the debt crisis in Greece and the resulting risk aversion among investors. Negotiations about a bailout for the indebted country ended without result on Monday, though there were reports that steps towards a conclusive deal have […]

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