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Day: October 21, 2015
October 212015
Dollar Little Changed vs. Euro During Quiet Trade
The dollar was little changed against the euro during Wednesday’s quiet trading. This week’s economic calendar is light on reports, resulting in subdued trading. The euro attempted to rally versus the greenback intraday but failed and is trading near the opening level right now. Crude oil inventories rose by 8.0 million barrels last week and remained near levels not seen for this time of year in at least the last 80 […]
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October 212015
CAD Lower After BoC Policy Meeting
The Canadian dollar tumbled today following the monetary policy meeting of Canada’s central bank. Falling prices for crude oil also contributed to the decline of the currency. The Bank of Canada announced on Wednesday that it is leaving interest rates unchanged, including the overnight rate that remained at 0.5 percent. At the same time, the central bank lowered its growth forecast for the Canadian economy in 2016 and 2017. The central bank mentioned “lower prices for oil […]
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October 212015
US Dollar Trades Rangebound Ahead of Tomorrow’s ECB Meeting
US dollar is trading rangebound, but mostly higher, ahead of tomorrow’s ECB meeting. Greenback is in wait and see mode as Forex traders wait on the decision and rhetoric out of the eurozone tomorrow. The dollar index is higher, though, and the US dollar is higher against most of its major counterparts. Even though the dollar is higher against many of its major counterparts, and the dollar index is higher, the greenback is […]
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October 212015
Yen Declines as Trade Data Disappoints
The Japanese yen dropped today, falling for the fifth straight session against the US dollar. The currency declined as Japan’s trade data disappointed investors. Japan’s trade balance demonstrated a deficit of ¥0.36 trillion in September. It was little changed from the August’s value but markedly above the median forecast of ¥0.07 trillion. Meanwhile, analysts continue to argue whether the Japanese central bank is going to ease monetary policy even more […]
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October 212015
Euro Gives Up Some Earlier Gains, but Manages to Retain Upper Hand
Euro is still maintaining a level of strength against its major counterparts today, even after more concerns about China. However, there are still expectations that the next ECB policy meeting will put the brakes on the 19-nation currency. Euro is slightly higher across the board right now, hanging onto small gains. Earlier in the session, euro was doing better, but concerns about China provided […]
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October 212015
Turkish Lira Falls After Central Banks Keep Rates on Hold
The Turkish lira fell against the US dollar today even though the nation’s central bank maintained its tight monetary policy. The Central Bank of the Republic of Turkey left its interest rates unchanged at today’s meeting, including the Marginal Funding Rate that was kept at 10.75 percent. The central bank said regarding its plans for the future: Future monetary policy decisions will be conditional on the inflation outlook. Taking into […]
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