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Day: August 26, 2016
August 262016
EUR/USD Dips After Yellen Talks About Interest Rate Hike
Economic data released from the United States during today’s trading session was not spectacular but it had limited importance anyway as traders’ attention was glued to the Jackson Hole meeting and the speech of Fed chief Janet Yellen in particular. While Yellen did not say anything shocking and did not give away timing for the next interest rate cut, she said that there is stronger case […]
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August 262016
Euro Higher vs. Dollar as German Consumer Climate Improves
The euro rose against the US dollar for the second day but edged down versus the Great Britain pound today after the positive economic news from Germany. The GfK German Consumer climate rose from 10.0 to 10.2 in August, in line with analysts’ expectations. The report commented on the result: Consumer sentiment in Germany developed positively on the whole in August, with consumers appearing to digest the shocking Brexit news very well. It added […]
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August 262016
Yen Little Changed After CPI Shows Drop
The Japanese yen was little changed after a report showed that Japan’s deflation persisted despite the efforts of the Japanese central bank. The national core Consumer Price Index fell 0.5% in July from a year ago whole Tokyo core CPI was down 0.4% in August. Both indicator fell slightly more than analysts had anticipated but at the same rate as in the previous reporting period. Yet the yen little moved […]
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