Day: November 16, 2015

November 16
2015

NZD Falls Despite Positive News from New Zealand

Economic news from New Zealand released over the weekend was good for the most part. Yet it did not prevent the New Zealand dollar from falling during Monday’s trading. New Zealand retail sales grew 1.6 percent during the September quarter of 2015, exceeding analysts’ expectations. Yet market participants were not in the mood to buy risky assets after the last week’s terrorist attacks in France. As a result, […]

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November 16
2015

Yen Retreats After Opening Sharply Higher

The Japanese yen opened sharply higher due to risk aversion caused by terrorist attacks in France. Yet the currency pared back gains after data released on Monday showed that Japan’s economy slipped into recession. According to the preliminary estimate, Japan’s gross domestic product contracted 0.2 percent in the third quarter of this year compared to the predicted fall by 0.1 percent. GDP shrank during the previous three months as well, meaning […]

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November 16
2015

Turning Point for Aussie, RBA?

Before the terror attacks in Paris, the Aussie was turning in a strong performance following better than expected economic data. As a result, some feel that the Reserve Bank of Australia will soon reduce its dovishness. Risk aversion is the general trend today on the Forex market, due to the tragic terror attacks in Paris at the end of last week. As a result, high beta currencies like the Australian dollar are mostly lower today. However, […]

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