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Day: September 14, 2016
September 142016
EUR/USD Bounces amid Fed Hike Skepticism
EUR/USD gained today, erasing yesterday’s losses. Traders are discussing whether the Federal Reserve will hike interest rates next week. Chances for that look low, and that is likely the reason for the current weakness of the US dollar. Import prices declined 0.2% in August after rising 0.1% in July. The median forecast promised a bit smaller drop by 0.1%. Export prices dipped 0.8% following the 0.2% increase in the previous month. […]
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September 142016
Australian Dollar Trades Higher Ahead of Thursday’s Employment Data
The Australian dollar gained during the Wednesday’s trading session, though it has shed some of its gains by now. The Westpac Melbourne Institute Index of Consumer Sentiment rose 0.3% in September after increasing 2.0% in the prior month. The report noted that the sentiment “has been remarkably stable for the last six months” despite plenty of events that should have hurt it. Now, traders wait for employment data from Australia […]
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September 142016
New Zealand Current Account Logs Deficit, NZD Remains Firm
The New Zealand dollar was firm today even though the nation’s current account turned into deficit in the second quarter of 2016. The New Zealand current account posted a deficit of NZ$0.95 billion (not seasonally adjusted) in the June quarter after logging a surplus of NZ$1.18 billion during the previous three months. On a seasonally adjusted basis, the already existed shortage increased even more. Yet the New Zealand currency was not bothered […]
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