Day: August 12, 2016

August 12
2016

US Indicators Miss Expectations — EUR/USD Resumes Rally

EUR/USD resumed its rally, which it paused yesterday, as basically all reports released from the United States over the Friday’s trading session failed to meet market expectations. As a result, speculations about an interest rate hike from the Federal Reserve hushed and the dollar lost some of its luster. PPI fell 0.4% in July instead of rising 0.1% as analysts had predicted. The index was up 0.5% the month before. (Event […]

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August 12
2016

NZ Dollar Shows Mixed Performance

Economic data released from New Zealand on Friday was a bit mixed, though mostly good. The performance of the New Zealand currency was mixed as well, as the NZ dollar gained on its US counterpart but fell versus the Japanese yen. New Zealand retail sales were up 2.3% in the June quarter from the previous three months, exceeding the forecast of 1.0% growth by a wide margin. Meanwhile, the BusinessNZ Performance of Manufacturing Index […]

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August 12
2016

Australian Dollar Halts Rally as Data from China Not Encouraging

The Australian dollar halted its rally versus its major rivals with the exception of the US dollar, against which the Aussie continued to rise. Today, moves of the Australian currency were driven mainly by news from China. Bunch of macroeconomic reports was released from China during the current trading session, including data on industrial production, fixed asset investment, and retail sales. All of them showed slower growth than in the previous […]

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