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Day: February 28, 2017
February 282017
NZD Flat vs. USD, Lower vs. EUR & JPY amid Unfavorable Fundamentals
The New Zealand dollar was almost flat against its US counterpart but fell against such currencies as the euro and the Japanese yen amid underwhelming domestic macroeconomic data and the unfavorable general market sentiment. The New Zealand trade balance logged a deficit of NZ$285 million in January — a sharp increase from the previous month’s gap of NZ$36 million. The ANZ Business Confidence slid from 21.7 in January to 16.6 in February. The main contributor […]
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February 282017
Yen Goes Higher in Risk-Averse Environment
The Japanese yen gained on its most-traded peer’s during the Tuesday’s trading session as the risk-averse trading environment made more desirable currencies associated with safety. Traders were growing increasingly nervous ahead of the speech of US President Donald Trump that he is going to deliver before the Congress later today. Concerns about the political climate in Europe, while eased a bit, also remained a negative factor for the market sentiment, bolstering […]
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February 282017
Yen Goes Higher in Risk-Averse Environment
The Japanese yen gained on its most-traded peer’s during the Tuesday’s trading session as the risk-averse trading environment made more desirable currencies associated with safety. Traders were growing increasingly nervous ahead of the speech of US President Donald Trump that he is going to deliver before the Congress later today. Concerns about the political climate in Europe, while eased a bit, also remained a negative factor for the market sentiment, bolstering […]
Read more