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Day: October 19, 2015
October 192015
US Dollar Broadly Stronger, Unable to Beat UK Pound
The US dollar was broadly stronger against its most-traded counterparts today as disappointing news from China damped risk appetite among Forex traders. Saying that, the greenback was not able to beat all the major rivals, falling a little against the Great Britain pound. China’s macroeconomic releases were in the spotlight during the Monday’s trading session. While nation’s economic growth was not as slow as analysts had predicted, […]
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October 192015
Canadian Dollar Suffers Together with Commodities
The Canadian dollar slumped today as China’s not-so-good macroeconomic data dragged prices for raw materials down, hurting commodity-linked currencies along with them. Economic reports released from China on Monday were mixed but mostly disappointing to investors. Poor economic news from the world’s second largest economy and a major consumer of raw materials certainly had its negative impact on the commodity market. Crude oil was among the losers […]
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October 192015
NZD Gains on EUR, Flat vs. USD
During the Monday’s trading session, the New Zealand dollar showed performance similar to that of its Australian counterpart. The currency gained a bit on the euro but was little changed against the US dollar. China, being the second biggest trading partner of New Zealand, has a big impact on the well-being of the South Pacific nation. Yet today’s data from the Asian nation was confusing, giving no edge to the New Zealand currency. As a result, […]
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October 192015
Australian Dollar Fails to Rally After China’s Data
The Australian dollar gained against the euro today following the release of mixed economic data from China. The currency has attempted to rally against the US dollar as well but failed and trades close to the opening level as of now. China’s gross domestic product expanded 6.9 percent in the third quarter of this year — slower than in the previous quarter but not as slowly as economists had anticipated. The Aussie has tried to rally versus […]
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October 192015
Yen Gets Support from Upbeat Economic Report
Japanese yen is seeing some strength today, thanks in large part to an upbeat economic report. Also helping the yen is a bit of a departure from the earlier risk-on sentiment of the market. Yen is higher against some of its major counterparts right, thanks in large part to statements from government officials and a recent economic assessment. Recently, the Chief Cabinet Secretary in Japan, Yoshihide Suga, said that the government isn’t planning […]
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October 192015
Euro Struggles Ahead of ECB Meeting Later this Week
Euro is struggling today, heading mostly lower against major counterparts ahead of an ECB meeting scheduled for later this week. Expectations that Mario Draghi will try to “talk the euro down” are high. Euro has been exhibiting more strength than expected lately, gaining ground as concerns about the US dollar and other major currencies rise. However, right now the 19-nation currency is heading lower, […]
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