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Day: July 9, 2015
July 92015
Canadian Dollar Follows Commodities in Rally
Trading environment was favorable to risky asses today, helping commodities to rally. This, in turn, led to gains for currencies linked to prices for raw materials. The Canadian dollar was among those currencies. Many commodities rallied on Thursday, including crude oil that jumped more than 2 percent. Moves of the Canadian currency are strongly correlated with performance of crude, meaning that the current rally was not a surprise. There […]
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July 92015
Pound Gains After BoE Makes Policy Announcement
The Great Britain pound edged higher against the US dollar and the Japanese yen today after the Bank of England announced that it is leaving its monetary policy unchanged. The sterling’s gains versus the greenback were limited while the rally versus the yen was rather substantial. The BoE announced today: The Bank of Englandâs Monetary Policy Committee at its meeting on 8 July voted to maintain Bank Rate at 0.5%. The Committee also […]
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July 92015
Australian Dollar Rebounds from Multi-Year Lows
The Australian dollar advanced today as domestic employment data was surprisingly positive, especially compared to rather pessimistic forecasts. This allowed the currency to bounce from multi-year lows it had touched against the US dollar and the Japanese yen previously. Australian employment rose by 7,300 in June from the previous month while experts promised a drop by 2,100. The May’s huge increase was revised slightly from 42,000 to 40,000. The unemployment increased […]
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July 92015
Dollar Bounces in Thursday’s Trading
The US dollar bounced today following the yesterday’s drop even though economic data from the United States was not particularly supportive to the currency. US jobless claims climbed from 282,000 to 297,000 last week while analysts had promised a decrease to 274,000. The negative report did not deter the greenback from rising today, most likely due to the bid for safety from those investors who are worried about […]
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