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Day: August 9, 2016
August 92016
EUR/USD Jumps After Moving Sideways
EUR/USD was moving sideways for the most part of the current trading session but has jumped sharply not so long ago and is now trading far above the opening level. At the present time, it is hard to say what drove the currency pair upwards. The general sentiment remains in favor of the dollar due to speculations about possible interest rate hike, while the euro is hurt by concerns about the Brexit and its […]
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August 92016
Pound Drops for Fifth Day Against Dollar
The Great Britain pound fell for the fifth straight trading session against the US dollar and also dropped against other major rivals even though some of the macroeconomic reports released today were good. British Retail Consortium reported that retail sales rose 1.1% in July from a year ago. UK manufacturing production fell 0.3% in June from the previous month while industrial production ticked up 0.1%. The trade […]
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August 92016
Aussie Bounces vs. Greenback, Remains Down vs. Yen
The Australian dollar bounced against its US peer following the earlier decline but fell against the Japanese yen. Fundamentals were a bit mixed, and that explains the mixed performance of the currency. According the Monthly Business Survey published by National Australia Bank, the business confidence index was at 4 in July, little changed from the June’s value of 5. The report said: Business sentiment has shown great resilience to external shocks in the July […]
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