Day: December 4, 2015

December 4
2015

Dollar Ends Friday’s Trading with Gains

The US dollar rebounded today after the yesterday’s huge drop that followed a policy announcement from the European Central Bank. While US employment data was positive for the greenback, perhaps even more supportive to the US currency were comments from ECB President Mario Draghi. US employers added 211,000 jobs in November, a bit more than analysts had predicted. On top of that, the previous month’s huge gain was […]

Read more
December 4
2015

EUR/USD Flat After Nonfarm Payrolls

EUR/USD trades flat as now after falling earlier during the current session. The currency pair demonstrated a huge rally yesterday, and while US nonfarm payrolls were good, it was not enough to reverse the upward momentum of the pair. Nonfarm payrolls grew by 211k in November, the growth being not far from analysts’ predictions of 201k. The already huge October’s gain of 271k was revised to even bigger number of 298k. Nonfarm […]

Read more
December 4
2015

Nonfarm Payrolls All But Guarantee Fed Rate Hike

US dollar is gaining ground today as the latest nonfarm payrolls reading points to a rate hike from the Federal Reserve later this month. With job growth remaining relatively steady, and the economy holding its own, many expect policymakers to begin tightening. According to the latest nonfarm payroll report from the US Department of Labor, there were 211,000 jobs created in the month of November, and the unemployment rate is holding steady […]

Read more
December 4
2015

Swiss Franc Weaker amid Deflation

The Swiss franc fell against the US dollar today after the yesterday’s massive rally. The Swissie also declined versus the euro for the second day. Economic data from Switzerland was not supporting the Swiss currency, showing deflation. Consumer prices fell 0.1 percent in Switzerland last month after rising at the same rate in October. Pressure on the franc eased after the European Central Bank had performed a rather limited expansion of stimulus, […]

Read more
December 4
2015

AUD Weaker vs. USD, Rises vs. EUR

The Australian dollar fell against its US counterpart ahead of US non-farm payrolls. The Aussie rose a bit versus the euro after yesterday’s big slumped that had followed the policy announcement from the European Central Bank. Released today, retail sales data demonstrated an increase by 0.5 percent in October from September that has exceeded analysts’ expectations. Earlier this week, the Reserve Bank of Australia held interest rates […]

Read more