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Day: October 9, 2015
October 92015
EUR/USD Ends Friday on Positive Note
EUR/USD was rising for the most part of this trading week, and Friday was not an exception. The currency pair gained as traders considered yesterday’s minutes of the latest Federal Reserve policy meeting to be rather dovish. Such view reinforced the opinion that the Fed is not going to start monetary tightening in 2015. This, in turn, made the dollar a lot less attractive to investors. Import and export prices dropped in September. Import prices […]
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October 92015
Dollar Mixed amid Speculations About Delay of Interest Rate Lift-Off
The dollar remained weak versus the euro on Friday as traders continued to speculate that the Federal Reserve is going to postpone the planned interest rate hike. Yet such speculations did not prevent the dollar from bouncing versus the Great Britain pound and from gaining on the Japanese yen. The Fed minutes, released yesterday, had been supportive for the dollar initially. This did not last long, though, as traders digested the news and decided that the tone […]
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October 92015
Canadian Dollar Mixed After Employment Data
During Friday’s trading, the Canadian dollar demonstrated the same performance as most other currencies, rising against the US dollar and the Japanese yen while falling versus the euro. Domestic data was mixed, giving the loonie little help in finding direction. Canada’s employment rose by 12,100 in September from the preceding month. At the same time, the unemployment rate ticked up by 0.1 percentage point to 7.1 percent while analysts had promised a drop […]
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October 92015
Euro Heads Higher on Speculation More Stimulus Might Not Be Needed
Euro is heading higher today, gaining ground as Forex traders consider that more stimulus might not be needed for the eurozone economy. The 19-nation currency is being helped by factors that could lead to economic growth without the need for additional ECB intervention. Earlier, the Vice President of the European Commission, Valdis Dombrovskis, said that an expansion of the stimulus program might not be needed due to factors contributing to eurozone […]
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October 92015
Japanese Yen Lower as Traders Wait for Next Week’s Data
Japanese yen is lower today, dropping after yesterday’s Eco watchers survey offered mixed results. Yen moved briefly higher against the dollar, but the currency is down again, and losing ground to all its major counterparts. Traders are looking forward to next week’s data. Yesterday, the Eco watchers survey for future expectations for the Japanese economy rose to 49.1 in September, beating an expected reading of 48.3 and rising from […]
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October 92015
AUD Rises to Highest Since August vs. USD & JPY
The Australian dollar rallied to the highest level since August against the US dollar and the Japanese yen. Worse-than-expected domestic economic data did not prevent the currency from rising. Yesterday, the Federal Reserve released minutes of its September policy meeting. While the release was positive for the US currency initially, the situation has changed later as traders digested the news and decided that the tone of the notes was relatively dovish. This allowed currencies […]
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October 92015
Pound Resilient vs. Dollar & Yen, Soft vs. Euro
The Great Britain was strong against the US dollar and the Japanese yen (but not against the euro) today even after the release of disappointing trade data. The trade deficit shrank but not as much as specialists had expected. UK trade balance demonstrated a gap of £11.1 billion in August. While it was smaller than the deficit of £12.2 billion demonstrated in July, the shortage was still above £10.0 billion predicted by analysts. […]
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