Day: December 10, 2015

December 10
2015

EUR/USD Corrects After Two-Day Gain

EUR/USD corrected today, falling after the previous rally. Market participants continue to speculate about the possibility of an interest rate hike from the Federal Reserve next week, but there is a concern that the lift-off is already priced in and will not have a big impact on the dollar. The Thursday’s data from the United States was mildly positive, giving traders no reason to doubt that the Fed would refuse to act. Initial […]

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December 10
2015

NZ Dollar Higher After RBNZ Cuts Interest Rates

The New Zealand dollar gained after the Reserve Bank of New Zealand cut interest rates during its policy meeting at the end of yesterday’s trading session. The RBNZ reduced its key interest rate by 25 basis points to 2.5 percent, matching market expectations. The policy statement was not entirely positive for the NZ dollar as Governor Graeme Wheeler complained about the strength of the currency: The New Zealand dollar has risen since […]

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December 10
2015

Japanese Yen Continues Solid Performance Following GDP

Japanese yen continues to gain ground today, thanks in part to the positive GDP data released earlier this week. Without expectations of further Bank of Japan cuts, the yen is doing well against its major counterparts. Earlier this week, Japan revised its third quarter GDP reading to 1.0 per cent year over year, which exceed expectations of 0.1 per cent. The expansion of the economy by 0.3 per […]

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December 10
2015

Euro Pulls Back and Consolidates After Recent Gains

Euro is pulling back a bit today, consolidating after recent gains. The 19-nation currency has been seeing better performance since last week’s policy announcement from the ECB, and today it appears that it’s time for a bit of a break. Last week, the European Central Bank delivered an announcement that didn’t meet anyone’s expectations. As a result, the euro has been gaining ground the last few days. From reaching […]

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