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Day: September 18, 2015
September 182015
Canadian Dollar Fails to Rally
The Canadian dollar attempted to rally today but failed to do so against the US dollar and the Japanese yen, though it kept most of its gains versus the euro. There were two reasons for the underperformance: slowing inflation in Canada and the sharp drop of oil prices. Canada’s Consumer Price Index showed no change in August compared to July after rising 0.2 percent in the previous reporting period. The core CPI increased 0.1 […]
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September 182015
Stevens’ Comments Help Aussie to Bounce
The Australian dollar rose after hawkish remarks from the central bank’s head. It was the ninth gain in 10 business days against the Japanese yen and the sixth one in seven days versus the US dollar. Glenn Stevens, Reserve Bank of Australia Governor, was testifying before the House of Representatives Economics Committee today. While he mentioned concerns about slowing growth of China, his comments were considered hawkish by market […]
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September 182015
Hungarian Forint Gains vs. Euro, Falls vs. Dollar
The Hungarian forint rallied against the euro on speculations that Standard & Poor’s is going to upgrade the outlook for the nation’s credit rating (though it has basically lost its gains as of now). The currency also attempted to rally versus the US dollar but failed. The forint gained versus the euro today amid speculations that S&P may change its outlook for Hungary’s credit grade to positive in its credit review due […]
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