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Day: October 15, 2015
October 152015
EUR/USD Halts October’s Rally
EUR/USD dropped on Thursday, demonstrating the biggest loss so far this month. The dollar gained as the core components of consumer inflation went up 0.2 percent last month, above expectations, while European policy makers were talking about necessity of additional stimulus for Europe’s struggling economy. USD CPI fell 0.2% in September, in line with expectations, after declining 0.1% in August. At the same time, core CPI rose 0.2% […]
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October 152015
Canadian Dollar Climbs vs. Rivals, Ignores Drop of Crude Oil
The Canadian dollar jumped on Thursday, gaining not only on the US dollar but against other most-traded rivals as well. For a change, the currency did not track the movement of crude oil, which sank during the trading session. Lately, the Canadian currency was tracking moves of oil prices closely. Yet today their performance diverged as crude was tumbling due to concerns about oversupply while the loonie demonstrated a strong rally. The reason […]
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October 152015
Brazilian Real Underperforms as Fitch Cuts Credit Rating
The Brazilian real was underperforming compared to other Latin American currencies on Thursday as Fitch ratings reduced Brazil’s sovereign credit grade. The currency still managed to erase its losses but was unable to demonstrate the same strength as its peers. Fitch cut Brazil’s credit rating from BBB to BBB- with negative outlook, a move that was largely expected by analysts. The agency explained its decision in the following manner: The rating […]
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October 152015
Greenback Looks to Recover from Easing Talk
US dollar is looking for recovery today, gaining against European currencies, after talk of easing earlier sent the greenback a little bit lower. With weak US economic data coming in, some Forex traders and others are speculating that a rate hike from the Federal Reserve might be further off than originally thought. In fact, some circles there is talk of more easing from the Fed. […]
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October 152015
Easing Talk Catches Up With Euro
Euro is lower today, thanks in large part to easing talk. Even though such talk from ECB President Mario Draghi has done little to weaken the euro in the last month, recent comments from policymaker Ewald Nowotny are having an effect today. Recent gains for the euro are creating an environment in which there are expectations for profit taking and retracement. Euro has been relatively strong from the last […]
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October 152015
NZD Climbs to Highest Since June vs. USD
The New Zealand dollar was rising today on the back of the US dollar’s weakness, reaching the highest level since June against the greenback. Yesterday’s data from the United States was bad, boosting commodities and, by the same token, currencies related to raw materials. US Producer Price Index fell 0.5 percent in September, more than analysts had anticipated. Retail sales grew just 0.1 percent, falling short of market […]
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October 152015
Aussie Shrugs Off Negative Employment Data
The Australian dollar was on the rise today even though Australia’s employment demonstrated a surprise drop last month. Still, the Aussie remains one of the weakest major currencies over the week. Australian employment fell by 5,100 in September (seasonally adjusted) instead of rising by 7,200 as had been promised by analysts. On a positive side, seasonally adjusted new motor vehicles sales climbed by 5.5 percent after falling 1.7 percent in August. It looks […]
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