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Day: February 15, 2016
February 152016
A Hike, a Halt, or a Cut? FOMC March 2016 Meeting
This blog’s readers had been able to guess the outcome of the December 2015 FOMC meeting. January 27 meeting‘s rate decision (hold) came as no surprise to the markets. The next meeting is scheduled to conclude on March 16 and will be accompanied by the press conference of Janet Yellen and the release of Summary of Economic Projections, which are issued quarterly. What we have now January 27 Fed’s meeting could be called […]
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February 152016
US Dollar Gains vs. Majors, Falls vs. Commodity-Linked Currencies
The US dollar was rising against its major rivals during the Monday’s trading session but was less successful against commodity-related currencies that had profited from the rally of crude oil prices and the general risk-positive market sentiment. The greenback got a bit of support from economic data released from the United States on Friday. In particular, it showed that retail sales grew 0.2 percent in January, exceeding analysts’ […]
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February 152016
Euro Gains Against Safe Currencies, Lower vs. Other Major Peers
The euro rallied versus safe currencies, like the Japanese yen and the Swiss franc, but fell against other most-traded currencies today amid the positive market sentiment. The rally of European and other global stocks improved the traders’ mood, which has been rather poor at the start of this year. The big gain of the yuan eased concerns that China would devalue its currency, adding to deflation that threaten developed economies. Yet […]
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February 152016
Australian Dollar Gains Strength as Traders’ Mood Improves
The Australian dollar rose on Monday, climbing more than 1 percent against the Japanese yen, as the positive mood of the Forex market participants helped riskier currencies tied to commodities and growth to gain strength. The same risk appetite that was driving safe currencies down helped the Aussie to log gains. The currency was especially strong against the vulnerable yen. The Chinese yuan surged, demonstrating willingness of China to stabilize its currency and preserve […]
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February 152016
Investors Feel Less Need for Safety, Making Yen Less Desirable
The week has started with a risk-on mode that limited demand for the Japanese yen in its role of a safe currency. Economic data released from Japan was not helping the yen either. Japan’s gross domestic product shrank 0.4 percent in the fourth quarter of 2015 according the preliminary estimate, a bit more than analysts’ had predicted. Japanese Prime Minister Shinzo Abe voiced hope that Group of Twenty finance […]
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