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Day: November 4, 2015
November 42015
GBP Edges Higher vs. JPY as UK Services PMI Improves
The Great Britain pound gained against the Japanese yen but remained flat against the US dollar during the current trading session. The currency got support from the report that showed an improvement of the services sector. The Markit/CIPS UK Services PMI advanced from 53.3 in September to 54.9 in October, beating the median forecast of 54.6. It was the first increase of the index since June. Not all indicators were good today as the BRC […]
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November 42015
Aussie Rallies, Struggles to Keep Gains
The Australian dollar rallied today as economic data from both Australia and overseas was supportive for the currency. Nevertheless, the Aussie is struggling to keep gains right now. Australia’s trade balance shrank from A$2.71 billion in August to A$2.32 billion in September instead of rising as had been predicted by economists. Seasonally adjusted retail sales grew 0.4 percent in September, the same as in August and in line with expectations. The only negative indicator released […]
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November 42015
New Zealand Employment Data Hurts New Zealand Currency
The New Zealand dollar slumped yesterday and retained its losses today due to poor employment data released from New Zealand by the end of the Tuesday’s trading session. New Zealand employment fell by 0.4 percent in the September quarter from the previous three months while analysts had predicted an increase at the same rate. The unemployment rate ticked up by 0.1 percentage point to 6.0 percent, in line with expectations. Released earlier during […]
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