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Day: January 15, 2016
January 152016
Majority of US Reports Bad, Dollar Falls vs. Euro
The US dollar sank versus the euro today as the majority of US economic reports released over the trading session were rather bad. This might mean the Federal Reserve will wait longer before hiking interest rates again. The dollar was soft even though the market sentiment deteriorated because of worries about the struggling economy of China, increasing demand for safe currencies. PPI fell 0.2% in December, exactly as specialists had […]
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January 152016
Risk Aversion & Poor US Data Leave Dollar Mixed
The US dollar fell against some of its major peers due to the slew of poor economic reports released from the United States during the current trading session. Yet the greenback also gained on many other currencies as risk aversion drove them even lower than the dollar. There were quite a few economic indicators released today but basically only the Michigan Institute Sentiment Index could be considered positive […]
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January 152016
Safe Haven Demand Continues to Send Yen Higher
Japanese yen is higher again today, thanks to safe haven demand. Today’s global stock market sell off is resulting in an interest in stable assets, and that means the yen is gaining ground against its major counterparts. US economic data was a bit disappointing today, with major releases. While consumer sentiment rose, retail sales and manufacturing conditions were less than comforting. When added […]
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January 152016
Falling Oil Prices Put Pressure on Loonie
Canadian dollar continues to weaken today, thanks in large part to the fact that oil prices are falling. Oil is below $30 a barrel, and the loonie hit its lowest level in 13 years in earlier trading. Oil is one of the major cornerstones of the Canadian economy. It is a major export, including to the United States. When oil prices drop, the Canadian economy struggles, and the loonie heads lower against its major […]
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