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Day: May 31, 2017
May 312017
US Dollar Drops Against Euro Despite Steady Interest Rates Outlook
The US Dollar dropped against the euro and other major currencies on Wednesday even as traders remained optimistic about an interest rate hike from the Federal Reserve in June. The Federal Open Market Committee will begin a meeting that will last two days on June 13 to review the US economic conditions and possibly raise interest rates. A slew of economic reports yesterday painted a lackluster picture of the health of the economy. Despite a small gain […]
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May 312017
New Zealand Dollar Gains on Improving Outlook for Economy
The New Zealand dollar gained today, reaching the highest level since March 2 against its US counterpart, as the New Zealand central bank was relatively upbeat about domestic economic developments. Businesses felt the same way as the business confidence improved. The Reserve Bank of New Zealand was modestly optimistic in its semi-annual Financial Stability Report, saying: New Zealandâs financial system remains sound and is operating effectively. […]
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May 312017
New Zealand Dollar Gains on Improving Outlook for Economy
The New Zealand dollar gained today, reaching the highest level since March 2 against its US counterpart, as the New Zealand central bank was relatively upbeat about domestic economic developments. Businesses felt the same way as the business confidence improved. The Reserve Bank of New Zealand was modestly optimistic in its semi-annual Financial Stability Report, saying: New Zealandâs financial system remains sound and is operating effectively. […]
Read more
May 312017
Yuan Climbs as China’s Macroeconomic Indicators Stabilize
The Chinese yuan gained today after macroeconomic indicators released in China during the current trading session showed stabilization, halting slowdown of growth. That made the currency more attractive to investors. China’s manufacturing Purchasing Mangers’ Index stayed at 51.2 in May, unchanged from April, whereas experts had predicted a drop to 51.0. Furthermore, the services PMI rose from 54.0 to 54.5. Analysts are divided over whether this means […]
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May 312017
Yuan Climbs as China’s Macroeconomic Indicators Stabilize
The Chinese yuan gained today after macroeconomic indicators released in China during the current trading session showed stabilization, halting slowdown of growth. That made the currency more attractive to investors. China’s manufacturing Purchasing Mangers’ Index stayed at 51.2 in May, unchanged from April, whereas experts had predicted a drop to 51.0. Furthermore, the services PMI rose from 54.0 to 54.5. Analysts are divided over whether this means […]
Read more