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Day: March 30, 2016
March 302016
EUR/USD Remains Strong
The dollar remained weak today after yesterday’s drop caused by comments from Janet Yellen. Today’s employment report showed decent growth but nothing spectacular, meaning that it could not provide substantial aid to the greenback. Currently, EUR/USD is moving down but remains above the opening level. ADP employment demonstrated an increase by 200k in March which was a bit bigger than the predicted gain by 195k. On the flip […]
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March 302016
Fallout From Yellen Continues to Weigh on Dollar
Interest rate expectations for the US dollar are changing following a speech from Fed Chair Janet Yellen. Greenback is down almost across the board today as the fallout from yesterday’s remarks continues. Yesterday, Janet Yellen, the chair of the Federal Reserve’s Federal Open Market Committee, remarked that interest rate hikes should be taken slowly. She spoke of caution in interest rate policy and seemed to indicate that the economic […]
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March 302016
Swiss Franc Gains After Release of Decent Economic Data
Decent economic data released from Switzerland over Wednesday allowed the Swiss franc to gain on the US dollar as well as on some other most-liquid currencies like the Japanese yen. The UBS Consumption Indicator rose from 1.45 to 1.53 points in February, according to the report “indicating consistent, solid growth in private consumption.” The KOF Economic Barometer was almost unchanged in March even though economists promised a decline. The franc reacted positively to the reports, […]
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March 302016
Yen Unfazed by Sharp Drop of Japan’s Industrial Production
The Japanese yen was little changed today despite the sharp drop of industrial production that put the Bank of Japan under pressure to add even more stimulus for Japan’s struggling economy. Industrial production was down as much as 6.2% (seasonally adjusted) in February from the previous month, more than even pessimistic forecasts had predicted. It was the biggest drop since 2011 when Japan was hit by an earthquake. Yet […]
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