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Day: February 16, 2016
February 162016
EUR/USD Extends Decline for Third Session
EUR/USD declined for the third straight session on Tuesday as prospects for monetary easing from the European Central Bank in March were weighing on the common currency of the eurozone. Yet the drop was limited today as market participants were in doubt regarding the ability of the Federal Reserve to continue its monetary tightening. Talking about the Fed, it is going to release the minutes of its January meeting tomorrow, and traders hope that the notes will help shed […]
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February 162016
Canadian Dollar Goes Down Along with Crude Oil
The Canadian dollar declined against its major peers today as the news about a deal between Saudi Arabia and Russia to keep output of crude oil the same was not welcomed by markets. The news that the major oil producers are going to keep production unchanged was not what markets have been waiting for. Preserving nearly record high output levels is not going to solve the supply-demand imbalance. As a result, […]
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February 162016
Euro Mixed as Economic Sentiment Worsens Yet Beats Expectations
The euro fell against the US dollar and the Japanese yen but gained on other most-traded counterparts today. The economic sentiment both in Germany and the whole eurozone deteriorated this month yet was better than analysts had predicted. The ZEW Indicator of Economic Sentiment for Germany dropped from 10.2 to 1.0 in February but was above the median forecast of 0.1. The report commented on the result: The looming slowdown of the world economy and the uncertain consequences of the falling […]
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February 162016
Inflation Data Doesn’t Help UK Pound
The latest economic data out of the United Kingdom shows that inflation has improved, but that isn’t doing much to help the economy. The inflation news is paired with falling prices, and there are concerns about what the Bank of England will do next. Sterling is down almost across the board. The Office for National Statistics reports that the annual figure for inflation is at 0.3 per cent, which is […]
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February 162016
NZ Dollar Declines as Economic Data Fuels Monetary Easing Outlook
The New Zealand dollar dropped today as economic data released from New Zealand over the trading session was not particularly good, leading to speculations that the nation’s central bank may be forced to cut interest rates. Retail sales rose 1.2 percent in the December quarter of the previous year, failing to meet market expectations of a 1.4 percent increase. The Reserve Bank of New Zealand lowered its 2-year inflation expectations […]
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February 162016
Australian Dollar Higher vs. US Rival, Loses Gains vs. Yen
The Australian dollar gained against its US counterpart today with the help of monetary policy minutes from the Australian central bank and the rally of crude oil. The currency was less successful in rising against its other major rivals. For example, it lost earlier gains versus the Japanese yen. The Reserve Bank of Australia released minutes of its latest policy meeting today. The central bank had rather positive view on the nation’s […]
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