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Day: February 15, 2017
February 152017
EUR/USD Bounces as US Data Turns from Positive to Negative
EUR/USD dipped intraday on Wednesday but bounced to trade above the opening level later. Moves of the currency pair had a correlation with US economic data. Initially, reports were rather good, boosting the dollar, but the ones released later failed to meet expectations, sending the greenback lower. CPI demonstrated exactly the same performance as yesterday’s PPI, rising 0.6% in January, two times the forecast gain and the previous month’s increase of 0.3%. […]
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February 152017
Canadian Dollar Erases Earlier Losses Against US Peer Following Manufacturing Data
The Canadian dollar moved slightly lower on Wednesday against the US dollar and the euro. The Canadian currency erased most of its earlier losses following strong manufacturing sales data in Canada. Statistics Canada released its report for manufacturing sales in December 2016, which said that sales improved more than expected for the second month in a row. Increased sales of petroleum products and transportation equipment led sector gains. Canadaâs manufacturing sales […]
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February 152017
Canadian Dollar Erases Earlier Losses Against US Peer Following Manufacturing Data
The Canadian dollar moved slightly lower on Wednesday against the US dollar and the euro. The Canadian currency erased most of its earlier losses following strong manufacturing sales data in Canada. Statistics Canada released its report for manufacturing sales in December 2016, which said that sales improved more than expected for the second month in a row. Increased sales of petroleum products and transportation equipment led sector gains. Canadaâs manufacturing sales […]
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February 152017
US Dollar Rallies Briefly Boosted by Higher CPI and Retail Sales, Later Retraces Gains
The US dollar rallied briefly against its main forex counterparts as CPI and retail sales data released today beat expectations. Data released by the US Bureau of Labor Statistics indicated that the consumer price index for January was higher than expected by 0.1%. The US dollar briefly gained ground against its main competitors such as the euro and the Japanese yen before retracing most of its gains later. The US dollar […]
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February 152017
US Dollar Rallies Briefly Boosted by Higher CPI and Retail Sales, Later Retraces Gains
The US dollar rallied briefly against its main forex counterparts as CPI and retail sales data released today beat expectations. Data released by the US Bureau of Labor Statistics indicated that the consumer price index for January was higher than expected by 0.1%. The US dollar briefly gained ground against its main competitors such as the euro and the Japanese yen before retracing most of its gains later. The US dollar […]
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February 152017
Australian Dollar Gains, Lifted by Positive Data
The Australian dollar gained today, reaching new multi-year highs against a number of currencies, as economic reports released from Australia during the current trading session were relatively good. The Westpac Melbourne Institute Index of Consumer Sentiment logged a solid gain of 2.3% in February from the preceding month. The report was not entirely positive, though, as Westpac’s Senior Economist, Matthew Hassan, commented: Despite another modest lift this month […]
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February 152017
Australian Dollar Gains, Lifted by Positive Data
The Australian dollar gained today, reaching new multi-year highs against a number of currencies, as economic reports released from Australia during the current trading session were relatively good. The Westpac Melbourne Institute Index of Consumer Sentiment logged a solid gain of 2.3% in February from the preceding month. The report was not entirely positive, though, as Westpac’s Senior Economist, Matthew Hassan, commented: Despite another modest lift this month […]
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February 152017
Great Britain Pound Posts Losses as Wage Growth Misses Expectations
The Great Britain pound fell today, dropping for the second consecutive day against the US dollar and the euro, as wage growth disappointed economists. Other parts of the employment report were not bad though. According to the report from the Office for National Statistics, average weekly earnings rose 2.6% in the period from October from December compared to the same period a year ago. The consensus forecasts had promised the same 2.8% rate of growth as in the previous […]
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February 152017
Great Britain Pound Posts Losses as Wage Growth Misses Expectations
The Great Britain pound fell today, dropping for the second consecutive day against the US dollar and the euro, as wage growth disappointed economists. Other parts of the employment report were not bad though. According to the report from the Office for National Statistics, average weekly earnings rose 2.6% in the period from October from December compared to the same period a year ago. The consensus forecasts had promised the same 2.8% rate of growth as in the previous […]
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