Day: September 16, 2015

September 16
2015

Yen Dips as S&P Downgrades Japan

The Japanese yen dropped against other most-traded currencies today as Standard & Poor’s reduced Japan’s sovereign credit rating due to disappointment in the policy makers’ attempts to revive economic growth. S&P announced on Wednesday: We are lowering our sovereign credit ratings on Japan to ‘A+/A-1’ from ‘AA-/A-1+’. -The outlook on the long-term rating is stable. The agency cited the following reason for the decision: Economic support for Japan’s sovereign creditworthiness has continued […]

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September 16
2015

Great Britain Pound Lifted by UK Employment Data

The Great Britain pound climbed against its major peers today as employment data for July released from the United Kingdom was well-received by the Forex market, fueling talks about an interest rate hike from the Bank of England in a relatively near future. There was a negative piece of data in the form of the unexpected increase of the number of unemployment claims. Yet the market focused on the good parts of the report. Among them were the surprise decrease of the unemployment […]

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September 16
2015

EUR/USD Gets Help from US Data

EUR/USD staged a recovery today that got support from Wednesday’s US data. Most notably, it showed that the United States has experienced deflation, weakening the case for the Federal Reserve to start tightening monetary policy. It is bad news for the dollar, especially as it came out just a day before the Fed announces its policy decision. US CPI fell 0.1% in August while most analysts did […]

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