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Day: December 16, 2016
December 162016
Australian Dollar Declines Against Major Peers After US Fed Decision
The Australian dollar declined against most of its major peers on Friday as investors weighed the effect of the higher interest rates in the United States following an update to monetary policy from the Federal Reserve on Wednesday. The US Federal Reserve took a widely expected move to raise its benchmark interest rate by 0.25% to 0.50% to 0.75%. The central bank also pointed to a possibility of accelerating its pace of raising interest rates in 2017 to three hikes, instead […]
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December 162016
Australian Dollar Declines Against Major Peers After US Fed Decision
The Australian dollar declined against most of its major peers on Friday as investors weighed the effect of the higher interest rates in the United States following an update to monetary policy from the Federal Reserve on Wednesday. The US Federal Reserve took a widely expected move to raise its benchmark interest rate by 0.25% to 0.50% to 0.75%. The central bank also pointed to a possibility of accelerating its pace of raising interest rates in 2017 to three hikes, instead […]
Read more
December 162016
US Dollar Remains Bullish Against Major Currencies Despite Weak Housing Data
The US dollar extended its bullish trend against major currencies despite weak housing data released today. The housing stats released today indicated an 18.7% decline from the 24.7% gain that was witnessed in October. The housing starts released by the Census Bureau in collaboration with the Department of Housing and Urban Development showed a significant decrease in new housing starts for November. The data released indicated that housing starts had fallen […]
Read more
December 162016
US Dollar Remains Bullish Against Major Currencies Despite Weak Housing Data
The US dollar extended its bullish trend against major currencies despite weak housing data released today. The housing stats released today indicated an 18.7% decline from the 24.7% gain that was witnessed in October. The housing starts released by the Census Bureau in collaboration with the Department of Housing and Urban Development showed a significant decrease in new housing starts for November. The data released indicated that housing starts had fallen […]
Read more