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Day: September 19, 2016
September 192016
Dollar Trades Little Lower on Monday
The US dollar traded with small losses on Monday ahead of the two-day policy meeting scheduled by the Federal Reserve this week. Speculations about possible actions of the US central bank remain an important factor for determining moves of the greenback. The vast majority of market participants are sure that the Fed will not announce a change to its monetary policy on Wednesday after ending the meeting. Yet while previously traders were not bothered […]
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September 192016
Aussie Trades Higher After Release of Leading Index
The Australian dollar rose today, jumping more than 1% against its US counterpart, as the nation’s supporting leading indicators added to the upward momentum of the currency caused by the investors’ appetite for riskier assets. The Conference Board Leading Economic Index for Australia increased 0.4% in July after rising 0.3% in June. Meanwhile, traders were unwinding their long positions on the US dollar ahead of this week’s policy meeting of the Federal Reserve. Another […]
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September 192016
New Zealand Dollar Trades Higher on Monday
The New Zealand dollar gained today thanks to both good macroeconomic data released from New Zealand itself and the general risk-positive market sentiment. The Westpac McDermott Miller Consumer Confidence Index ticked up from 106 in August to 108 in September. The report commented on the result: This pick-up in consumer confidence comes on the back of firm economic activity through mid-2016, with the latest GDP figures showing that the economy expanded by a solid […]
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