Day: September 13, 2016

September 13
2016

EUR/USD Gives Ground During American Session

While EUR/USD held steady during European trading hours, the currency pair gave ground during the US session today. Yesterday, the dovish speech Governor Lael Brainard drove the dollar down. Yet today, the US currency bounced against its rivals, including the euro. The week is light on economic reports from the United States until Thursday when a huge number of reports should be released. Deficit of treasury budget […]

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September 13
2016

Canadian Dollar Loses Ground as Crude Oil Slumps

The Canadian dollar was steady by the end of the previous trading session but lost its ground during the current session, falling along with crude oil prices. The currency dropped about 1% against the US dollar and the euro. It also declined for the third straight session versus the Japanese yen. The Canadian dollar often moves in tandem with oil prices, and it was not different this week. Yesterday’s rally of crude […]

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September 13
2016

Dollar Rebounds After Monday’s Decline

The US dollar climbed against the vast majority of its most-traded peers (with the exception of the surprisingly strong euro) following yesterday’s drop caused by comments from US policy makers. Yesterday, Governor Lael Brainard warned against preemptive removal of monetary accommodation while Minneapolis Fed President Neel Kashkari voiced an opinion that there is no urgency to act right now. At the same time, Atlanta Fed President Dennis […]

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September 13
2016

Could the Carry Trade Help the Aussie?

The Australian dollar has been struggling recently, but there is some speculation that the Down Under currency could get some help moving forward. The carry trade might provide a basis for some success for the Aussie. The move isn’t likely to result in big gains for the currency, though, and Aussie is currently mostly lower. Things have been difficult for the Aussie recently. With commodity currencies suffering from the choppy performances […]

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September 13
2016

Euro Unfazed by Economic Sentiment

The economic sentiment indexes for Germany and the whole eurozone failed to meet economists’ expectations. Despite that, the euro held steady against some of its most-traded rivals (like the US dollar) and even managed to gain on others (like the Great Britain pound). The ZEW Indicator of Economic Sentiment for Germany logged the same reading (0.5) in September as in August while experts had predicted a big increase to 2.8. The report said:   The current ambiguity of economic […]

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September 13
2016

Pound Down as Inflation Misses Expectations

The Great Britain pound slipped against its major rivals as inflation data disappointed market participants, failing to reach the levels predicted by experts. Losses were limited though. The Consumer Price Index rose 0.6% in August from a year ago, the same as in July, whereas analysts had promised a bit bigger growth by 0.7%. Most other indicators released over the trading session were below expectations as well. That led to talks […]

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