Day: October 16, 2015

October 16
2015

Dollar Extends Bounce

The dollar continued to gain on the euro during the Friday’s trading session, extending the bounce it has started on Thursday. The euro was undermined by comments from officials from the European Central Bank who were hinting at additional monetary stimulus from the central bank. Industrial production fell 0.2% in September, in line with experts’ expectations, after dropping 0.1% in August. Capacity utilization rate was at 77.5% last month, also matching […]

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October 16
2015

UK Pound Looks to Hold Steady to End the Week

UK pound is hoping for steadiness to close out the week. It’s been an interesting week of ups and downs, but right now sterling is eking out gains against most of its major counterparts. For the sterling this week, performance has been largely data-driven. The negative UK inflation reading early on sent the pound lower against many of its counterparts. However, by the end of the week better news regarding employment and wage […]

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October 16
2015

New Zealand Dollar Can’t Avoid Losses

The New Zealand dollar followed other commodity currencies in decline even though domestic macroeconomic data was beneficial to the currency as New Zealand’s consumer inflation was higher than specialists had anticipated. The Consumer Price Index rose 0.3 percent in the September quarter from the previous three months. This is compared to the medium forecast of 0.2 percent growth. Still, the New Zealand dollar declined, the same as its Australian counterpart. […]

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October 16
2015

Aussie Slides After RBA Report

The Australian dollar slumped today, following yesterday’s gains, as the Reserve Bank of Australia voiced concern about the impact of slowing growth in China and other emerging economies on the global economy. The RBA released its Financial Stability Review today. The central bank said in the release: Attention has instead shifted to China and other emerging market economies. The growth outlook for a number of these economies has deteriorated against a backdrop of higher debt; in addition, lower […]

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