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Day: November 11, 2015
November 112015
Canadian Dollar Flat, Feels Pressure from Crude Oil
The Canadian dollar was little changed during Wednesday’s quiet trading. Markets in several countries, including Canada and the United States, are closed today due to holidays. Canadian markets were closed due to Remembrance Day while US markets were not working because of Veteran Day. The loonie has been flat during the past few sessions versus the Japanese yen but was slowly rising against the US dollar […]
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November 112015
Dollar Pulls Back on Uncertainty Over Fed
Expectations for the US dollar are dwindling today as Forex traders question the impact of a Fed rate hike in December, and as uncertainty over whether or not December’s rate hike will lead to further hikes sets in. The US dollar has been rallying the last couple of days, heading higher as December — and the expected Federal Reserve rate hike — draws near. However, now some glimmers of uncertainty are showing through in trading and the greenback […]
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November 112015
Australian Dollar Ignores Negative Chinese Data Again
The Australian dollar gained today, ignoring yet again disappointing economic data from China. Supporting the currency was news from Australia itself, being quite positive. China’s industrial production grew 5.6 percent in October, year-on-year, disappointing economists who had predicted a 5.8 percent increase. On the bright side, The Westpac Melbourne Institute Index of Consumer Sentiment rose by 3.9 percent in November from October. The Aussie trimmed its […]
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November 112015
Pound Rises, Shrugs Off Negative Jobs Data
The Great Britain pound rose even though UK employment data released today was detrimental to the currency for the most part. The number of people claiming unemployment related benefits rose by 3,000 in October from September, two times the forecast number of 1,600. Average weekly earnings grew 3.0 percent in the period from July to September compared to the same period a year ago, trailing the analysts’ estimate of 3.2 percent growth. The only positive […]
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