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Day: August 18, 2016
August 182016
Dollar Still Feels Weight of FOMC Minutes
The US dollar continued to feel pressure from yesterday’s FOMC policy minutes today, falling against other major currencies. Thus, EUR/USD continued to move higher. While the rally of the currency pair was very limited yesterday, it is rather strong today. Positive economic indicators released from the United States on Thursday failed to support the greenback. Philadelphia Fed manufacturing index rose from -2.9 to 2.0 in August, exceeding […]
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August 182016
Dollar Remains Vulnerable After Fed Minutes
The US dollar remained weak today, falling for the fifth straight day against the euro, as the minutes released by the Federal Reserve continued to weigh on the greenback. The minutes were rather hawkish, with one member even voting to raise interest rates in July. Yet markets were not happy with what they have seen and did not share the optimism of US policy makers. William Dudley, New York Fed President, who […]
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August 182016
Pound Rises with Strong Retail Sales
The Great Britain pound gained today with the help of surprisingly strong retail sales. It was just another evidence that the Brexit had no impact on Britain’s economy, at least not yet. British retail sales climbed 1.4% in July after falling 0.9% in June. The actual increase was far above the predicted growth by meager 0.1%. The report another positive indicators released earlier this week, which were […]
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August 182016
Australian Dollar Rallies After Employment Data, Trims Gains
The Australian dollar gained today following the release of a very positive employment report, though the currency has trimmed its gains as of now. Australian employers added 26,200 jobs in July, more than two times the median analysts’ forecast (10,200). Furthermore, the June’s increase was revised from 7,900 to 10,800. And on top of that, the unemployment rate ticked down unexpectedly from 5.8% to 5.7%. AUD/USD was up from 0.7653 to 0.7682 […]
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