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Day: February 19, 2016
February 192016
2016 Presidential Candidates and the US Dollar
International investors are biding their time on evaluating the outcome of the next US presidential election as the field of candidates gets winnowed down. The US presidential election process historically has no discernible effect on financial conditions. Financial players are sophisticated enough to know that campaign promises are not likely to become real-world actions. Newly elected presidents hardly ever achieve their campaign promises, and certainly not in the first […]
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February 192016
US Dollar Index Gains as Core Inflation Rises
The US dollar is trading mixed against its major counterparts today, but the US dollar index is higher. The latest inflation numbers are in, and it looks as though prices are rising at a fairly rapid pace. Inflation numbers reported today show that CPI was flat month over month, but on a year over year basis, there has been some growth. Main CPI is […]
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February 192016
Yen Gains While Risk Appetite Wanes
The Japanese yen rallied today against other most-traded currencies as the traders’ mood soured. Risk appetite waned after the rally of crude oil prices had come to a halt, making risky assets less appealing to investors. Crude halted its rally due to a build-up of US inventories, and this made riskier currencies, particularly those linked to the commodity market, weaker. Consequently, the yen became more attractive as a safe currency. Of course, it […]
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February 192016
Brazil’s Central Bank Has No Plans for Interest Rate Cuts
Alexandre Tombini, Governor of the Central Bank of Brazil, said that the central bank has no plans to cut interest rates. While the news was positive for the Brazilian real, the currency had troubles rising against the US dollar. The bank left its main interest rate at 14.25% last month. While reduction of borrowing costs might be helpful for spurring economic growth, inflation that stays above 10 percent does […]
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