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Day: September 2, 2015
September 22015
Malaysian Ringgit Suffers from Risk-Negative Sentiment on FX Market
The Malaysian ringgit fell against the US dollar today as concerns about the slowing global growth drove Forex market participants away from risk-geared currencies. Yesterday’s manufacturing reports from all around the world were rather disappointing. This led to a drop of Asian stocks today as the MSCI Asia-Pacific Index, which tracks all Asian shares with the exception of Japan, dropped more than 2 percent today. Unsurprisingly, […]
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September 22015
Aussie Tries to Hold Ground After Touching Multi-Year Low
The Australian dollar was attempting to rally at the start of the Wednesday’s trading session but failed, dragged down by slower-than-expected growth of Australia’s economy. The currency is trying to hold ground as of now after dipping to a new multi-year low against the US dollar earlier. Australian gross domestic product grew 0.2 percent in the second quarter of this year. The expansion was slower than the first quarter’s 0.9 percent and the forecast 0.4%. The poor domestic […]
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September 22015
EUR/USD Slips as Market Sentiment Stabilizes
The market sentiment stabilized a bit following the recent turmoil on the Forex market caused by concerns about slowing global growth. The euro fell against the dollar as a result even though all today’s US economic reports were poor. The euro were acting like a safe currency lately, making the calm on the market detrimental to its performance. ADP employment rose 190k in August. The figure was not as good as economists had hoped for (204k) […]
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