Day: December 8, 2016

December 8
2016

Euro Sharply Drops Against US Dollar as ECB Lengthens Its Bond Purchases

The euro experienced volatile movements against the US dollar on Thursday as investor read into the European Central Bank’s policy announcement earlier today. During its latest policy meeting, the central bank decided to extend the period for which its bond purchase program will last. The European Central Bank said in a press release that its Governing Council decided to keep its interest rates unchanged, in line with expectations. The council […]

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December 8
2016

Euro Sharply Drops Against US Dollar as ECB Lengthens Its Bond Purchases

The euro experienced volatile movements against the US dollar on Thursday as investor read into the European Central Bank’s policy announcement earlier today. During its latest policy meeting, the central bank decided to extend the period for which its bond purchase program will last. The European Central Bank said in a press release that its Governing Council decided to keep its interest rates unchanged, in line with expectations. The council […]

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December 8
2016

New Zealand Dollar Firm After Wheeler’s Speech

The New Zealand dollar rallied today (though it has backed off from daily highs by now) following the speech of the central bank’s chief that was considered by markets to be rather hawkish. Graeme Wheeler, Governor of the Reserve Bank of New Zealand, delivered a speech close to the end of the previous trading session. In it, he said that the trend for lower interest rates and a stronger currency “may finally be turning.” Markets […]

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December 8
2016

New Zealand Dollar Firm After Wheeler’s Speech

The New Zealand dollar rallied today (though it has backed off from daily highs by now) following the speech of the central bank’s chief that was considered by markets to be rather hawkish. Graeme Wheeler, Governor of the Reserve Bank of New Zealand, delivered a speech close to the end of the previous trading session. In it, he said that the trend for lower interest rates and a stronger currency “may finally be turning.” Markets […]

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December 8
2016

Yen Jitters After Final GDP Disappoints

The Japanese yen rose against the US dollar but fell against such currencies as the euro and the Great Britain pound today as Japan’s economic growth failed to meet economists’ expectations. Gross domestic product was finalized at 0.3% growth in the September quarter of this year, just half of the 0.6% growth rate predicted by experts. The GDP Deflator fell 0.2%, also two times worse than forecasts, which had promised a decrease […]

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December 8
2016

Yen Jitters After Final GDP Disappoints

The Japanese yen rose against the US dollar but fell against such currencies as the euro and the Great Britain pound today as Japan’s economic growth failed to meet economists’ expectations. Gross domestic product was finalized at 0.3% growth in the September quarter of this year, just half of the 0.6% growth rate predicted by experts. The GDP Deflator fell 0.2%, also two times worse than forecasts, which had promised a decrease […]

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