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Day: December 23, 2015
December 232015
EUR/USD Falls for First Day in Four
EUR/USD dropped today after three consecutive sessions of gains. Economic data released from the United States was mixed, providing no clue about timing of the next interest rate hike from the Federal Reserve. Trading has been slow lately and will likely remain such until the end of the holiday season. Both personal income and spending rose 0.3% in November. The income growth was above the median forecast of 0.2% […]
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December 232015
CAD Gains for Second Day vs. USD & JPY
The Canadian dollar rallied today, rising for the second day against the US dollar and the Japanese yen, thanks to the jump of crude oil prices and encouraging domestic macroeconomic reports. Canada’s gross domestic product was unchanged in October after falling 0.5 percent in September. Retail sales edged up 0.1 percent in October following the 0.4 percent drop in the prior month. Meanwhile, prices for crude oil jumped more than 4 percent […]
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December 232015
NZ Dollar Edges Lower Despite Supportive Data
The New Zealand dollar declined today, ignoring positive domestic macroeconomic data. The currency has been consolidating lately amid slow trading due to the holiday period. New Zealand’s trade deficit shrank to NZ$779 million in November from NZ$905 million in the previous month. It was smaller than a NZ$812 million shortage predicted by analysts. Yet the New Zealand dollar failed to profit from the supportive data, falling against its […]
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December 232015
Pound Gains Even as Economic Growth Slows
The Great Britain pound gained today even though Britain’s economic growth slowed more than was estimated previously, meaning that the nation’s central bank has less incentive to start hiking interest rates. UK gross domestic product grew 0.4 percent in the third quarter from the previous three months according to the final estimate. The growth was slower than the preliminary estimate of 0.5 percent and the previous quarter’s expansion […]
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