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Day: November 19, 2015
November 192015
Dollar Remains Subdued
The dollar remained soft today despite yesterday’s hawkish FOMC minutes. Some market analysts think that the currency is weak because the December interest rate hike is already factored in. Others say that the minutes showed that US policy makers are still not completely certain that the economic situation warrant tighter monetary policy. Whatever the case, EUR/USD is higher today even though […]
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November 192015
Canadian Dollar Demonstrates Weak Performance
The Canadian dollar was attempting to rise against its US peer today but has almost erased its gains by now. The currency fell against its other major rivals, including the euro and the Japanese yen. Canada’s wholesale sales dropped 0.1 percent in September, the same as in August. The actual reading was a way off analysts’ forecasts that had promised an increase by 0.2 percent. On top of that, crude oil was […]
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November 192015
Dollar Index Lower, but Expected to Regain Strength
The US dollar is mostly lower against other currencies today, bringing the dollar index down. However, even with the recent disappointing performance, many expect dollar strength to return. With the recent release of the minutes from the last Federal Reserve meeting, the greenback has headed lower. While many still expect a rate hike in December, the minutes were less hawkish than some had hoped. Another reason the dollar […]
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November 192015
Euro Higher as Currencies Consolidate
Euro is mostly higher today, gaining against its major counterparts as they consolidate recent gains and as Forex traders speculate about the future. Even though the euro has a lot going against it right now, the 19-nation currency is heading higher against its major counterparts today. Euro is gaining ground as other currencies consolidate and as Forex traders prepare for what’s next. The release of the Fed minutes seem […]
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November 192015
Sterling Gains on Dollar Despite Retail Sales, Drops vs. Other Majors
The Great Britain pound gained on the US dollar even though the retail sales report released from the United Kingdom today was disappointing. Against other major currencies, the sterling declined. UK retail sales dropped 0.6 percent in October from the prior month while experts had predicted smaller drop by 0.4 percent. Moreover, the September increase was revised negatively from 1.9 percent to 1.7 percent. The lackluster report […]
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November 192015
Yen Leaps as BoJ Remains Passive
The Japanese yen leaped against the US dollar and gained versus other most-traded currencies today (though it was unable to beat the euro) as the Bank of Japan refrained from expanding monetary stimulus. The central bank remained passive even after the nation’s economy has entered technical recession. The BoJ kept its interest rates and the asset purchase program without a change at today’s policy meeting. Some economists had expected the bank […]
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