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Day: April 15, 2016
April 152016
Dollar Falls Against Euro But Not Far
The dollar fell against the euro today as US economic data was not particularly good. The drop was not big though. Falling crude oil prices were also weighing on the greenback. NY Empire State Index climbed from 0.6 to 9.6 in April, far above the median forecast of 2.1. It is the highest level in more than a year. (Event A on the chart.) Industrial production and capacity utilization fell in March. Furthermore, […]
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April 152016
Loonie Down on Oil, Economic Cautions
Canadian dollar is mostly lower today, falling as concerns about the economy continue and as oil prices remain weak. Although oil is higher than it has been in a while, it is still down on the day, and there are worries about what that means for the Canadian economy. Loonie is pulling back today, after showing some strength earlier this week. The Bank of Canada declined to change interest rates, […]
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April 152016
Could Euro Reach Parity With US Dollar by Year’s End?
Euro is trading mixed today, gaining against the US dollar while falling against other major counterparts. However, even though the 19-nation currency is higher against the dollar, some analysts feel that the recent rally is coming to an end and that parity with the greenback may be reached by the end of the year. A number of analysts have been wondering if the euro has been overbought. The 19-nation currency has […]
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April 152016
Yen Rallies as Demand for Safety Returns
The Japanese yen rallied today as the continuing slide of crude oil prices and concerns about the Chinese economy made traders appreciate the safety of the currency yet again. Crude oil extended its earlier slide, falling more than 2% today. Economic data from China was good but led to concerns that Chinese policy makers may refrain from additional stimulus as the economy stabilizes. All those factors helped […]
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April 152016
Australian Dollar Backs Off After Failed Rally
The Australian dollar attempted to rally with the help of Chinese economic data released today. The currency failed to maintain its rally and currently trades near the opening level against some currencies (like the US dollar) and below the opening against others (like the Japanese yen). China’s annual economic growth slowed a bit to 6.7% in the first quarter of this year from 6.8% during the previous three months but was in line with […]
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