Day: August 11, 2016

August 11
2016

EUR/USD Goes Lower, Ending Three-Day Rally

EUR/USD has ended its three-day rally today, falling a bit. The relatively positive macroeconomic reports released from the United States over the session helped the dollar to stand ground versus the euro. Meanwhile, market analysts continue to argue about timing of an interest rate hike from the Federal Reserve. Initial jobless claims were at 266k last week, little changed from the previous week’s revised level of 267k. Analysts had […]

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August 11
2016

Australian Dollar Follows Movement of New Zealand Dollar

During the current trading session, the Australian dollar followed the moves its New Zealand counterpart, jumping intraday but trimming the gains later. The Aussie demonstrated basically the same performance as the kiwi during the Thursday’s session. Both currencies should have fallen due to dovishness of their central bank, yet both of them showed surprising resilience. As for news from Australia, the Melbourne Institute Survey of Consumer Inflationary Expectations fell from 3.7% […]

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August 11
2016

New Zealand Dollar Stages Unexpected Rally After RBNZ Cuts Rates

The Reserve Bank of New Zealand delivered an interest rate cut today, surprising basically no-one. Yet the New Zealand dollar reacted to the news in a very unexpected manner, surging after the event. While the currency has trimmed its gains as of now, it is still trading far above the opening level. The RBNZ reduced its key Official Cash Rate by 25 basis points to 2% at today’s policy meeting. Such decision […]

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