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Day: December 14, 2016
December 142016
Swiss Franc Gains After Favorable Economic Data
The Swiss franc gained against most of its major rivals today after the Producer Price Index demonstrated an unexpected increase and economic sentiment for Switzerland improved. The PPI rose 0.1% in November instead of falling at the same rate as economists had predicted. The ZEW-CS-Indicator for the economic sentiment in Switzerland rose from 8.9 to 12.9 in December, gaining for the fourth time in a row. The report also said that economic expectations for the eurozone were roughly balanced between […]
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December 142016
Yen Gains on Dollar After Release of Japan’s Economic Reports
The Japanese yen traded higher against the US dollar following today’s economic releases from Japan even though the data was not particularly good, failing to reach analysts’ expectations. The Tankan Manufacturing Index rose from 6 in the September quarter to 10 in the December quarter of 2016, matching forecasts. But the Non-Manufacturing Index was unchanged at 18 whereas experts had promised a small increase to 19. The Index of Industrial Production was […]
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December 142016
Yen Gains on Dollar After Release of Japan’s Economic Reports
The Japanese yen traded higher against the US dollar following today’s economic releases from Japan even though the data was not particularly good, failing to reach analysts’ expectations. The Tankan Manufacturing Index rose from 6 in the September quarter to 10 in the December quarter of 2016, matching forecasts. But the Non-Manufacturing Index was unchanged at 18 whereas experts had promised a small increase to 19. The Index of Industrial Production was […]
Read more