Day: September 21, 2016

September 21
2016

EUR/USD Moves Higher After FOMC Stays Passive

EUR/USD was moving higher today, and while it paused for a short time during the policy announcement from the Federal Open Market Committee, the currency pair continued to move to the upside afterwards. US crude oil inventories dropped by 6.2 million barrels last week instead of rising by 3.2 million as analysts had predicted, though remained at the historically high levels for this time of year. The stockpiles were down 0.6 million the week […]

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September 21
2016

Australian Dollar Rises After Release of Leading Index

The Australian dollar rose against the US dollar and the euro today after the release of yet another positive leading index from Australia. The Westpac-Melbourne Institute Leading Index showed an improvement in August. The report said:   The Leading Index is clearly signalling that the economy is likely to continuing growing around its long run trend rate of about 3% a year. Earlier this week, Conference Board released its leading […]

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September 21
2016

Yen Trades Higher After BoJ Meeting

The Japanese yen climbed against its major rivals today after the Bank of Japan concluded its monetary policy meeting, adjusting the policy but refraining from a major stimulus expansion. The BoJ kept its main interest rate at -0.1% and tweaked the asset purchase program, focusing on yield curve. But investors felt that the move was underwhelming without a significant addition of monetary accommodation. Such view helped the yen to maintain […]

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