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Day: October 13, 2016
October 132016
EUR/USD Bounces After Three Days of Losses
EUR/USD rose today even though economic data released from the United States over the trading session was good and should have supported the dollar. It looks like markets thought that three consecutive days of gains were too much for the greenback and the currency should pause before deciding whether it can go higher. The long-term sentiment remains in favor of the US currency, especially after yesterday’s policy minutes […]
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October 132016
Australian Dollar Trims Losses After Intraday Drop
The Australian dollar was down today but managed to trim its losses by now and to erase them almost completely against the US dollar. The Australian dollar was hurt by the same factors as other currencies of emerging markets — the relatively hawkish Federal Reserve minutes and the drop of China’s imports and exports. Yet the Aussie had support from domestic fundamentals. The Melbourne Institute inflation expectations increased from 3.3% in September to 3.7% in October, supporting […]
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October 132016
Australian Dollar Trims Losses After Intraday Drop
The Australian dollar was down today but managed to trim its losses by now and to erase them almost completely against the US dollar. The Australian dollar was hurt by the same factors as other currencies of emerging markets — the relatively hawkish Federal Reserve minutes and the drop of China’s imports and exports. Yet the Aussie had support from domestic fundamentals. The Melbourne Institute inflation expectations increased from 3.3% in September to 3.7% in October, supporting […]
Read more
October 132016
Turkish Lira at Record Low
The Turkish lira fell to the record low, being under pressure from fundamentals both domestic and from abroad. The lira was hurt by Wednesday’s data that showed an increase of the current account deficit and slowdown of nation’s economic growth. As for news overseas, the drop of China’s exports and imports as well as minutes of the latest policy meeting released by the Federal Reserve yesterday were cited by experts as reasons for the lira’s drop. The Turkish currency was the weakest among […]
Read more
October 132016
Turkish Lira at Record Low
The Turkish lira fell to the record low, being under pressure from fundamentals both domestic and from abroad. The lira was hurt by Wednesday’s data that showed an increase of the current account deficit and slowdown of nation’s economic growth. As for news overseas, the drop of China’s exports and imports as well as minutes of the latest policy meeting released by the Federal Reserve yesterday were cited by experts as reasons for the lira’s drop. The Turkish currency was the weakest among […]
Read more