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Day: September 28, 2016
September 282016
Dollar Flat vs. Rivals, Down vs. Commodity Currencies
The US dollar was mostly flat against its most-traded rivals with the exception of commodity currencies which got a boost from the surprise news from the Organization of Petroleum Exporting Countries. The New Zealand dollar failed to join the rally of other commodity-related currencies, maintaining its weakness. Dollar bulls were hoping to hear some hints from Federal Reserve members about timing of the next interest rate cut, but so […]
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September 282016
EUR/USD Goes Down as Traders Wait for Signs from Fed & NFP
EUR/USD went down today, though losses were limited. Several Federal Reserve members are going to speak today, and traders hope to hear something that might reveal Fed’s plans for the future of monetary policy. The most important speaker, Fed Chairperson Janet Yellen, already spoke today but did not give any clues. Therefore, perhaps market participants are going to focus more on the next week’s nonfarm […]
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September 282016
NZ Dollar Dips amid Quiet Trading
The New Zealand dollar dipped today against its major trading peers even though there were no apparent reasons for such poor performance of the currency. Yesterday, commodity currencies were supported by the outcome of the US presidential debates. Today, the currencies’ strength waned, and some analysts speculated that skepticism about possibility of a deal among major crude producers oil to limit output (which should buoy prices) is what […]
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September 282016
Pound Slides as BoE Deputy Governor Talks About Stimulus
The Great Britain pound slipped against the US dollar and the euro today as Bank of England Deputy Governor Minouche Shafik was talking about possibility of additional stimulus as soon as November. Shafik was speaking today. After the speech, she responded to the question about the possibility of monetary easing in November: If we have data prior to that which signals that stimulus is needed, we will obviously act on that. She […]
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September 282016
Canadian Dollar Struggles to Keep Gains
The Canadian dollar was attempting to move lower on Wednesday after showing a decent performance on Tuesday despite the drop of crude oil prices. Usually, the loonie moves in tandem with crude oil — the major export of Canada. Yet it was not doing so on Tuesday, the same as on Monday. Unlike on Monday though, the currency was moving up while the commodity was moving lower. The reason for the currency’s strength was the victory of Hillary Clinton […]
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September 282016
US Dollar Mixed amid Barrage of News
The US dollar rose against the euro and the Swiss franc on Tuesday but was flat versus the Japanese yen and fell against other most-traded currencies. There were plenty of different factors contributing to the performance of the US currency. US economic data was beneficial to the greenback, supporting the currency against its rivals. The dollar’s strength against the euro can be also explained by concerns about Deutsche Bank — Germany’s biggest bank that […]
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