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Day: October 5, 2016
October 52016
Dollar Trades Flat During Wednesday
The US dollar was little changed against the basket of major currencies during Wednesday’s trading as clashing economic reports did not allow the currency to establish a clear trend. The employment report from Automatic Data Processing disappointed dollar bulls, showing growth by just 154,000 in September while market participants were counting on an increase by at least 166,000. The data led to concerns that Friday’s non-farm payrolls may disappoint as well. Yet […]
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October 52016
EUR/USD Flat After ADP Employment Disappoints
EUR/USD was flat today after the release of economic reports from the United States. Of a particular note was employment data from Automatic Data Processing, which missed expectations. That was not a good sign ahead of Friday’s nonfarm payrolls. Yet the dollar hardly paid heed to the data, continuing to draw strength from expectations of an interest rate hike in December. ADP employment rose 154k in September. The actual increase was […]
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October 52016
New Zealand Dollar Drops with Dairy Prices
The New Zealand dollar dropped today as the drop of dairy prices added to speculations that the Reserve Bank of New Zealand is going to cut interest rates soon. The ANZ Commodity Price Index rose 5.1% month-on-month in September, logging the fifth consecutive monthly increase and reaching the highest level in 17 months. Meanwhile, the GlobalDairyTrade Price Index dropped 3% at yesterday’s auction to the lowest level in two months. Milk and related products are […]
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October 52016
Australian Dollar Doesn’t Get Help from Economic Data
The Australian dollar fell against its major rivals today (with the exception of the Japanese yen against which it traded almost flat) despite positive macroeconomic reports released from Australia over the current trading session. Australian retail sales grew 0.4% in August from July while analysts had predicted an increase by just 0.2%. The Australian Industry Group Australian Performance of Services Index rose from 45.0 to 48.9 […]
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