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Day: September 21, 2015
September 212015
US Dollar Gains as Markets Continue Digest Fed Announcement
The US dollar rallied on Monday despite the lackluster housing data released from the United States. The Forex market continues to digest the policy announcement of the Federal Reserve, and traders are trying to guess when the US central bank is going to start monetary tightening and whether it is going to tighten policy at all. US existing home sales fell 4.8 percent to the seasonally adjusted annual rate of 5.31 million in August from […]
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September 212015
South African Backs Off vs. US Dollar
The South African rand fell against the strong US dollar today. The currency still performed relatively well due to the help of rising commodity prices. The dollar was rising against its most-traded peer during the Monday’s session as market participants were digesting the last week’s policy announcement from the Federal Reserve. Still, the rand demonstrated fairly strong performance compared to other currencies of emerging markets, even though it was […]
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September 212015
Economic Concerns Make Brazilian Real Unattractive
The Brazilian real fell against the US dollar as the pessimistic outlook for Brazil’s economy coupled with concerns about the global economic slowdown made traders not particularly interested in the nation’s currency. The real was trading near the record low amid speculations that the Brazilian recession will be worse than it has been expected previously. Earlier this month, Standard & Poor’s lowered the country’s credit rating below […]
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September 212015
Euro Weak After Greek Elections
The euro demonstrated weakness during the Friday’s trading session. The monetary policy outlook and concerns about economic growth made currency not particularly attractive to investors while the result of the Greek parliamentary elections did nothing to help the matter. The elections over the weekend resulted in the victory of the Syriza-led coalition, meaning that Prime Minister Alexis Tsipras remains in power. While it had little immediate impact on the euro, the result of the voting is not […]
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September 212015
EUR/USD Moves Down for Second Day
The rally of EUR/USD following the Federal Reserve policy announcement was short-lived, and the currency pair dropped on Friday. It continued to move down today as the market is still digesting the Fed comments. The weak US housing report and the victory of the Syriza party in Greek elections did not provide support for the currency pair. Existing home sales fell to the seasonally adjusted annual rate of 5.31 million in August from the slightly revised 5.58 million […]
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