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Day: September 15, 2015
September 152015
Euro Mostly Lower as Economic Sentiment Deteriorates
The euro dropped today against most major currencies, including the US dollar and the Japanese yen, as the economic sentiment deteriorated in Germany as well as in the whole eurozone. Yet the shared 19-nation currency managed to gain against the Great Britain pound and the Swiss franc. The ZEW Indicator of Economic Sentiment for Germany dropped from 25.0 to 12.1 in September. The report said: The weakening economic development in emerging markets dampens the economic outlook for Germanyâs export-oriented economy. While […]
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September 152015
Brazilian Real Retreats After Monday’s Gains
The Brazilian real dropped against the US dollar today as market participants were skeptical about the ability of President Dilma Rousseff to push for the planned austerity measures. Uncertainty about the upcoming policy meeting of the US Federal Reserve also affected the currency negatively. The real demonstrated its biggest daily gain in a month during the Monday’s trading session amid hopes that Rousseff will be able to convince the Congress in necessity of tax increases […]
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September 152015
UK Consumer Prices Bring Down Pound
UK consumer prices were disappointing last month, and that is weighing on sterling today. With this latest news, it is increasingly unlikely that the Bank of England will raise rates anytime soon. According to the Office for National Statistics, there was a slowdown in core inflation in the United Kingdom last month, dropping to 1 per cent from 1.2 per cent. While mostly expected, the stagnation emphasizes the concerns about […]
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September 152015
Aussie Dips After RBA Releases Policy Minutes
Today, the Reserve Bank of Australia released the minutes of its September policy meeting. The Australian dollar reacted negatively to the event, sinking after the release. The comments of the central bank were considered by market participants to be rather dovish. The minutes discussed in detail the recent crash of the Chinese stock market, concluding: The weakening in Chinese economic activity combined with developments in Chinese financial markets had led to sharp declines in global equity prices. Nevertheless, […]
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September 152015
Dollar Performance Steady Ahead of Fed
The US dollar is holding mostly steady ahead of tomorrow’s decision from the Federal Reserve. While the dollar index is a little lower today, the greenback itself is trading mixed against its major counterparts. US dollar is higher against the pound and the euro today, although gains are rather small. Greenback is down against the yen, though, as the Bank of Japan remains steady. Speculation about what’s next for the Federal […]
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September 152015
Yen Appreciates as BoJ Remains Passive
The Japanese yen gained today as the nation’s central bank refrained from expanding its already substantial monetary stimulus during its policy meeting. The currency gained even though analysts speculated that additional monetary easing is still in the cards. The Bank of Japan kept its interest rates near zero and the asset purchase program at ¥80 trillion. The statement said that the Japan’s economy continues to recover moderately and is expected […]
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September 152015
EUR/USD Heads Lower Ahead of FOMC Decision
EUR/USD fell today for the second trading session as traders prepared for the announcement of a monetary policy decision by the Federal Open Market Committee on Thursday. The currency pair was moving down even though all of Tuesday’s economic reports from the United States were disappointing for dollar bulls. Retail sales rose 0.2% in August. That is compared to the median forecast of 0.3% and the revised July’s increase of 0.7%. (Event A on the chart.) NY Empire State […]
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