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Day: November 10, 2015
November 102015
EUR/USD Drops on Monetary Policy Outlook
EUR/USD fell today amid speculations that the European Central Bank will ease its monetary policy in December while the Federal Reserve may start monetary tightening. The policy outlook led to the drop of the currency pair even though economic data released from the United States over the trading session was not good. Import prices fell 0.5% in October compared to a 0.1% drop predicted by experts. Export prices dropped […]
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November 102015
Australian Dollar Withstands Negative Fundamentals
The Australian dollar has been able to withstand negative impact from negative economic reports released over Tuesday both from Australia and from abroad. The currency was flat versus the US dollar and gained on the euro. The National Australia Bank reported that the business confidence index slipped from 5 to 2 in October. As for news from overseas, China’s consumer inflation slowed last month more than had been anticipated […]
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November 102015
Canadian Dollar Regains Some Lost Ground
Canadian dollar is regaining some of the ground it lost yesterday. Thanks to slightly higher oil prices and some profit taking, the loonie is higher against its major counterparts. News that housing starts were softer than expected in Canada weighed on the loonie recently. There was a 14 per cent drop in starts between September and October. After the optimism that things were getting ready to pick up in Canada, […]
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