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Day: February 16, 2017
February 162017
Employment Data Drives Australian Dollar Down
The Australian dollar dropped today after two consecutive sessions of gains, driven down by employment data. While the report might look good at the first glance, unwrapping it revealed that the situation on the Australian labor market was not that stellar. Australian employers added 13,500 jobs in January, according to the data from the Australian Bureau of Statistics, a figure that exceeded the average forecast of an increase by 9,700. The problem was that was […]
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February 162017
US Dollar Loses Wednesday’s Gains as Economic Data Turns to Worse
The US dollar rallied intraday on Wednesday thanks to positive economic reports released from the United States but lost its gains after US data turned to worse. The currency is trading flat against some rivals and lower against others as of now. The dollar had been trading strong on Wednesday initially due to positive inflation and retail sales data, as well as the amazing Empire State Manufacturing Survey. Ye the currency weakened […]
Read more
February 162017
US Dollar Loses Wednesday’s Gains as Economic Data Turns to Worse
The US dollar rallied intraday on Wednesday thanks to positive economic reports released from the United States but lost its gains after US data turned to worse. The currency is trading flat against some rivals and lower against others as of now. The dollar had been trading strong on Wednesday initially due to positive inflation and retail sales data, as well as the amazing Empire State Manufacturing Survey. Ye the currency weakened […]
Read more