Day: October 14, 2016

October 14
2016

EUR/USD Drops on US Data, Fails to Rebound

EUR/USD dropped today after a bunch of positive economic reports from the United States reinforced investors’ belief that the Federal Reserve is going to hike its interest rates in December. The currency pair made an attempt to rebound after the consumer confidence report showed an unexpected drop, but the bounce was very short-lived, and now the dollar continues to gain on the euro. PPI rose 0.3% in September, more than analysts had predicted — […]

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October 14
2016

Dollar Rallies as Data Feeds Outlook for Interest Rate Hike

The US dollar rallied today as economic data release from the United States over the trading session was good so far, improving chances for an interest rate hike from the Federal Reserve in December. Retail sales increased 0.6% in September, in line with expectations. The Producer Price Index rose 0.3%, a bit more than analysts had promised — 0.2%. Later during the session, reports about the consumer sentiment and business inventories […]

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October 14
2016

Dollar Rallies as Data Feeds Outlook for Interest Rate Hike

The US dollar rallied today as economic data release from the United States over the trading session was good so far, improving chances for an interest rate hike from the Federal Reserve in December. Retail sales increased 0.6% in September, in line with expectations. The Producer Price Index rose 0.3%, a bit more than analysts had promised — 0.2%. Later during the session, reports about the consumer sentiment and business inventories […]

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October 14
2016

Australian Dollar Jumps After China’s Data Surprises

The Australian dollar jumped today as China released unexpectedly strong prices data, helping the currency of its trading partner. China’s Consumer Price Index rose 1.9% in September from a year ago compared to the forecast increase of 1.6%. The Producer Price Index edged up 0.1% while forecasters had predicted a drop by 0.4%. China is the biggest trading partner of Australia, therefore its economic reports tend to have a big impact […]

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October 14
2016

Australian Dollar Jumps After China’s Data Surprises

The Australian dollar jumped today as China released unexpectedly strong prices data, helping the currency of its trading partner. China’s Consumer Price Index rose 1.9% in September from a year ago compared to the forecast increase of 1.6%. The Producer Price Index edged up 0.1% while forecasters had predicted a drop by 0.4%. China is the biggest trading partner of Australia, therefore its economic reports tend to have a big impact […]

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