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Day: November 25, 2015
November 252015
Dollar Mixed During Wednesday’s Quiet Trading
The US dollar gained on the euro and the Japanese yen during Wednesday’s trading but fell against the Great Britain pound. The session was rather quiet as US markets were preparing for the holiday. Economic data released from the United States on Wednesday was somewhat mixed but mostly positive. On Tuesday, a report showed that the third quarter’s growth of the US economic was revised higher compared to the initial estimate. The positive indicators continued […]
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November 252015
EUR/USD Falls, Losses Limited
There were plenty of economic reports released from the United States today as some of them were moved to Wednesday due to the holiday tomorrow. Data was a bit mixed but good for the most part. This allowed the dollar to gain on the euro, but the rally was very limited in size. Over the longer term, the greenback remains supported by the outlook for monetary tightening while its European peer stays under pressure from prospects […]
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November 252015
Australian Dollar Attempts to Rally on Steven’s Comments & China
The Australian dollar attempted to rally today on the relatively hawkish remarks from the central bank’s chief and on the news from China. The Aussie pared its initial gains versus the greenback but managed to hold ground against some other majors, including the euro. Glenn Stevens, Governor of the Reserve Bank of Australia, damped prospects for an interest rate hike in the near future. He said: We’ve got Christmas. We should just chill out, […]
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November 252015
Yen Mixed After BoJ Minutes
The Japanese yen rallied against the euro but fell against some other majors, including the US dollar, today. The currency received some support from risk aversion caused by tensions between Turkey and Russia. Minutes of the Japan’s central bank released today left mixed feelings among analysts. The Bank of Japan released minutes of its October meeting, which said: Most members shared the view that, as in the earlier discussion regarding […]
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