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Day: July 16, 2015
July 162015
Dollar Retains Strength After Mixed Data
Thursday’s macroeconomic reports from the United States were mixed, but this did not prevent the US dollar from rising. The currency reached the highest level since May 27 against the euro and the strongest since June 24 versus the Japanese yen. Supporting the US dollar, jobless claims fell last week and net foreign purchases increased in May instead of falling. On the negative side, the Philadelphia Fed manufacturing index dropped […]
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July 162015
Loonie Extends Move Down vs. USD, Performs Better vs. Other Rivals
The Canadian dollar continued to move down against its US counterpart following yesterday’s big slump. The currency held steady against the Japanese yen and even managed to gain on the euro. The Canadian currency was extremely weak after yesterday’s surprise interest rate cut from the Bank of Canada. Moreover, the central bank also revised its projections for Canada’s economic growth negatively. And on top of that, economists were pessimistic about inflation […]
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July 162015
Aussie Regains Some Lost Ground After Earlier Plunge
Aussie is regaining some of the ground lost earlier after the announcement that the US Federal Reserve plans to raise rates before the end of the year. Commodity currencies were under pressure toward the end of the day yesterday, and the Australian dollar felt some of that. Aussie dropped to a six-year low overnight against the greenback, thanks to the latest information that the Fed really is getting ready to boost interest rates. Not only did […]
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July 162015
NZ Dollar Hits Multi-Year Lows After CPI Misses Expectations
The New Zealand dollar slid to multi-year lows against its major counterparts as inflation data released today missed analysts’ expectations, increasing chances for monetary easing from the nation’s central bank. The Consumer Price Index rose 0.4 percent in the second quarter of 2015 from the previous three months, trailing the median forecast of 0.5 percent. On a positive side, the Business NZ Manufacturing Index climbed by 3.2 points to 55.2 in June. Still, […]
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July 162015
Euro Slides After Greece Approves Austerity
The euro slipped today, extending yesterday’s losses even though the Greek parliament voted in favor of austerity measures required to get the next tranche of a bailout from the European Union. While the Greek parliament voted for the bailout, Greek Prime Minister Alexis Tsipras may still encounter hurdles both inside and outside of the country. Inside, many Greeks who have voted against austerity are unhappy with what they perceive to be […]
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July 162015
EUR/USD Continues to Descend
EUR/USD extended its move down today, following yesterday’s drop, as traders continue to anticipate an interest rate hike from the Federal Reserve in 2015. Economic data released from the United States during the Thursday’s trading session was mixed. Meanwhile, the European Central Bank announced that it is leaving its monetary policy unchanged but increased the emergency lending for Greece. Initial jobless claims fell from 294k […]
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