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Day: August 17, 2015
August 172015
Sterling Suffers from Falling House Prices in United Kingdom
The Great Britain pound was hurt by today’s economic data that showed a decline of house prices in the United Kingdom this month. Yet not all the news was negative for the currency. The Rightmove House Price Index fell 0.8 percent in August from July, though the indicator was still up 6.4 percent from a year ago. The report hinted that the UK economy is experiencing problems, which may force […]
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August 172015
Japanese Economic Data Detrimental to Yen
Today’s economic data was rather detrimental to the Japanese currency, showing a decline of Japan’s economy, and the yen fell against the US dollar and versus some other currencies as a result. At the same time, the yen gained on few major rivals, including the euro. According to today’s report from Japan, gross domestic product (preliminary) contracted 0.4 percent in the second quarter of this year after rising 1.1 percent during the preceding three months. […]
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August 172015
Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls
Canadian dollar continues to struggle, especially against the US dollar, thanks to falling stock prices and weak oil prices. There isn’t much to support the loonie, which only seems to be finding success against a weak euro. Loonie is mostly lower today, falling against most of its major counterparts. The Canadian dollar is higher against the euro, but it is lower against the pound, dollar and yen. One […]
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August 172015
Economic Outlook for Eurozone Drags on the Euro
The economic outlook for the eurozone is dragging on the euro today, bringing it lower as concerns about what’s next for the 19-nation currency region continue. According to a recent Bloomberg survey of economists, there isn’t much confidence that the eurozone’s economy will improve in the short term. This news comes following reports that economic growth slowed in the last quarter. This slowdown was unexpected because Mario Draghi and the European Central Bank […]
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August 172015
EUR/USD Moves Lower on Monday
The dollar gained on the euro during the first trading day of the week even though New York manufacturing sector demonstrated terrible performance. The data did not hurt the US currency much. Traders wait for the FOMC minutes scheduled for release on Wednesday that may shed light on thr plans and the sentiment of US policy makers. Perhaps, the optimism regarding the minutes could explain the strength of the greenback on Monday. NY Empire State Index provided […]
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