Day: November 18, 2015

November 18
2015

EUR/USD Jittery After FOMC Minutes

The Federal Open Market Committee released minutes of its latest monetary policy meeting. As it could be expected, the release resulted in volatility on the Forex market. EUR/USD jumped after the event but backed off almost immediately. The minutes looked hawkish for the most part, showing the monetary tightening next month is probable. Housing starts were at the seasonally adjusted rate of 1.06 million in October, trailing market expectations of 1.16 million […]

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November 18
2015

Dollar Drops After Fed Minutes, Rebounds

The US dollar was mixed today after the release of the Federal Reserve minutes. The currency sank after the event even though the notes were rather hawkish. Yet the greenback bounced back almost immediately after the initial decline. The Fed minutes signaled that a December interest rate hike is still very probable: Some participants thought that the conditions for beginning the policy normalization process had already been met. Most […]

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November 18
2015

Canadian Dollar Down as Traders Wait for Fed Minutes

The Canadian dollar fell today against its major peers as the drop of crude oil prices continues to weigh on the currency. Additionally, traders were unwilling to buy risky currencies tied to economic growth ahead of the release of Federal Reserve policy meeting minutes. Futures for crude oil fell more than 1 percent in New York today. As it often happens, the Canadian currency followed moves of the major Canada’s export commodity. Meanwhile, […]

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November 18
2015

NZ Dollar Flat as Traders Wait for Fed Minutes

The New Zealand dollar was trading flat during the current trading session as traders wait for monetary policy minutes from the Federal Reserve. The New Zealand currency has been in a downtrend since mid-October. The kiwi together with other currencies was hurt by expectations of an interest rate hike from the Federal Reserve. Prospects for monetary easing from the Reserve Bank of New Zealand were also detrimental to the NZ dollar. NZD/USD traded […]

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November 18
2015

Swiss Franc Drops vs. Euro, Driven by Data & Policy Outlook

The Swiss franc fell against the euro today as economic data and the monetary policy outlook were unfavorable to the currency. The Swissie was also falling against the US dollar at the start of the current trading session but managed to pare back losses by now. The ZEW-CS-Indicator for the economic sentiment in Switzerland sank from 18.3 in October to 0.0 in November. Meanwhile, experts speculate that prospects for monetary easing from the European Central Bank may prompt the Swiss […]

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