Day: January 27, 2016

January 27
2016

Dollar Mixed After Fed Concludes Policy Meeting

The US dollar was mixed after the Federal Reserve had concluded its monetary policy meeting. The Fed made no changes to the policy, in line with market expectations, while the statement was mostly balanced but with a dovish bias. The Fed mentioned in its statement that “labor market conditions improved further” but also admitted that “economic growth slowed.” Meanwhile, the statement dropped mentioning of risks being balanced. […]

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January 27
2016

Dollar Falls Further vs. Euro as FOMC Assesses Balance of Risks

The dollar fell further against the euro today, extending its decline for the third straight session. The major event during Wednesday’s trading was the policy meeting of the Federal Reserve. As was expected, Fed members did not change the policy. The statement said that policy makers are going to assess the balance of risks (previous statements were saying that risks are balanced), suggesting that the Fed is less certain about […]

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January 27
2016

US Dollar Trades Mixed Ahead of Fed Announcement

US dollar is trading mixed today, as Forex traders and analysts await the Fed announcement later today. There is a great deal of volatility in the markets today. Greenback is trading mixed today as investors look forward to the Fed announcement scheduled for later in the afternoon Eastern time. Markets are choppy today, including stocks and commodities, in addition to currencies. An unexpectedly large oil inventory of 11.4 million barrels is throwing the markets […]

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January 27
2016

NZ Dollar Higher, Waiting for Fed & RBNZ Meetings

The New Zealand dollar trades above the opening level currently, waiting for monetary policy meetings of the Federal Reserve and the Reserve Bank of New Zealand that may determine trends for the currency both on short and longer terms. The Fed will conduct its meeting at 19:00 GMT while the RBNZ gathering is scheduled at 20:00 GMT. Experts do not expect changes from either of the central banks, but traders will watch statements […]

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January 27
2016

Australian Inflation Data Makes Aussie Stronger

The Australian dollar gained today against its other most traded peers with the help of inflation data. The solid report improved the monetary policy outlook, giving additional support to the currency. The Consumer Price Index rose 0.4 in the December quarter of 2015 from the previous three months while the trimmed mean CPI was up 0.6 percent. Both readings were above market expectations. The helpful data reduced chances for an interest […]

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