EUR/USD attempted to extend yesterday’s bounce today but backed off to close not far from the opening level by the end of the trading session. US economic data released on Friday was below market expectations for the most part with the exception of the Chicago Business Barometer. Both personal income and spending increased 0.1% in September after rising 0.4% in August, missing the analysts’ estimate of a 0.2% increase. (Event A on the chart.) Chicago PMI increased […]
Read moreThe New Zealand dollar gained today with the help of positive news, both domestic and from abroad. The currency jumped 1 percent against the US dollar. The ANZ Business Confidence climbed back into positive territory, demonstrating the reading of 10.5 in October after logging -18.9 in September. The report said that one of the main reasons for the improvement was the rebound of dairy prices. Talking about dairy, some analysts speculated that demand […]
Read moreThe Japanese yen climbed against its major rivals today as the Bank of Japan made no changes to monetary policy, refraining from expanding already extensive monetary stimulus. The BoJ kept its monetary policy the same at today’s meeting, leaving interest rates near zero and the asset purchase program at ¥80 trillion. It was a bit of a surprise to some market participants who were anticipating additional stimulus. At the same time, the central […]
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