- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: June 16, 2016
June 162016
Australian Dollar Weak Despite Supportive Employment Data
The Australian dollar dropped on Thursday even though economic data released from Australia during the session was positive. The currency touched the lowest level in four years versus the yen. Australian employment increased by 17,900 in May, exceeding the analysts’ forecast of 14,900. The previous month’s growth received a big negative revision from 10,800 to just 800. The unemployment rate remained steady at 5.7%. The Aussie remained soft despite the positive report, though […]
Read more
June 162016
EUR/USD Loses Wednesday’s Gains
EUR/USD was unable to keep yesterday’s gains, falling today more than it had risen during the previous trading session. Economic data from the United States was not very good, therefore it was not the reason for the dollar’s gains versus the euro. The most likely reason for such behavior was fears of the Brexit and possible ramifications for the European economy. CPI rose 0.2% in May, failing to meet market expectations […]
Read more
June 162016
Swiss Franc Falls vs. Dollar, Flat vs. Euro
The Swiss franc fell against the US dollar and was little changed versus the euro after the Swiss National Bank left its monetary policy unchanged. The SNB made the same policy decision as the BoJ, namely keeping policy without change. The central bank continued to voice concern about the strength of the franc, meaning that interventions on the currency markets will likely continue. One of the reasons for the SNB to stay passive was fear of the possible […]
Read more
June 162016
Yen at Multi-Year Highs as BoJ Stands Pat
The Japanese yen rallied to multi-year highs against its major peers after the Bank of Japan made no changes to its monetary policy. The BoJ made a decision not to expand its already substantial monetary stimulus. With the policy meeting out of the way and not easing, traders now feel safe buying the currency. Japanese policy makers are certainly unhappy with the yen’s rally, and this means that some sort […]
Read more