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Day: June 26, 2015
June 262015
Euro Ends Friday Lower as Greece Rejects Proposal
The euro ended Friday lower as the short-term proposal to Greece from its international creditors was rejected, leaving just a few days to find a solution to the Greek debt woes before the troubled country runs out of money. The deal proposed to Greece included tax and pension reforms in exchange for a bailout package that would allow the nation to repay a part of its debt. Yet Greek officials were not satisfied with the proposal that […]
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June 262015
Japanese Yen Weakens as Inflation Slows
The Japanese yen fell during the current trading session as today’s data showed that nation’s inflation slowed. This means that the Bank of Japan may boost monetary stimulus to achieve its target 2 percent inflation. Japan’s consumer prices (excluding food) rose 0.1 percent in May from a year ago after rising 0.3 percent in the previous month. Tokyo’s core inflation index showed the same 0.1 percent […]
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June 262015
NZ Dollar Goes Lower Even as Trade Surplus Widens
The New Zealand dollar dropped against its US counterpart and the Japanese yen today even though domestic fundamentals were supportive for the currency as the nation’s trade balance demonstrated an unexpected surplus. New Zealand’s trade excess widened to NZ$350 million in May from the revised NZ$183 million in the prior month. The actual value was far better than the pessimistic analysts’ forecast of a NZ$90 million deficit. Yet this did not help […]
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June 262015
UK Pound Mostly Rangebound Today
UK pound is mostly rangebound today, thanks to a lack of new data. Additionally, a recent speech from David Cameron has many speculating about the United Kingdom’s relationship to the European Union. Sterling is rangebound today, although it is on the mostly lower side against its major counterparts. Right now, there isn’t a lot of data today, although recent weeks have indicated that the UK economy continues […]
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