Day: August 27, 2015

August 27
2015

Gains of Australian Dollar Limited

The Australian dollar rose today but gains were rather limited. The currency traded not far from the multi-year low it has touched earlier this week. The Aussie has touched the lowest level in six years versus its US peer on Monday when China scared investors away from riskier currencies. The Australian dollar advanced today, but the rally was quite anemic. Domestic economic data was […]

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August 27
2015

Yen Drops as Market Sentiment Shows Signs of Improvement

The Japanese yen dropped today as the market sentiment improved. There was a couple of reasons for this, including the rally of stocks and speculations about the possible timing of an interest rate hike from the Federal Reserve. Global stock markets have crashed earlier this week following the collapse of Chinese shares, but today stocks climbed, including the Shanghai Stock Index that advanced more than 5 percent. Meanwhile, economists speculate that […]

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August 27
2015

EUR/USD Moves Down for Third Day

EUR/USD continued to move down for the third straight trading session today as markets are stabilizing after China’s scare at the start of the week. The Asian nation took stimulating measures to support its slowing economic growth and the collapsing stock market. This caused EUR/USD to reverse its huge jump that the currency pair has demonstrated on Monday. The dollar is strengthening versus the euro despite speculations that the Federal Reserve is likely […]

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