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Day: June 8, 2017
June 82017
Swiss Franc Falls vs. Dollar & Yen, Gains on Euro & Pound
The Swiss franc fell against the US dollar and the Japanese yen but gained versus the Great Britain pound and the euro by the end of the Thursday’s session. Economic reports released during the trading session in Switzerland were favorable to the currency. The State Secretariat for Economic Affairs reported that the unemployment rate stayed at 3.2% in May, while experts were counting on an increase to 3.3%. The Federal Statistical Office reported that the Consumer Price Index rose by 0.2% […]
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June 82017
Swiss Franc Falls vs. Dollar & Yen, Gains on Euro & Pound
The Swiss franc fell against the US dollar and the Japanese yen but gained versus the Great Britain pound and the euro by the end of the Thursday’s session. Economic reports released during the trading session in Switzerland were favorable to the currency. The State Secretariat for Economic Affairs reported that the unemployment rate stayed at 3.2% in May, while experts were counting on an increase to 3.3%. The Federal Statistical Office reported that the Consumer Price Index rose by 0.2% […]
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June 82017
US Dollar Higher After James Comey Concludes Testimony
The US dollar rose today after the testimony of former FBI chief James Comey concluded without major revelations that can lead to an impeachment of US President Donald Trump. Today’s testimony of Comey to the US Senate was considered a major event that could change the US political landscape significantly. Yet those who were counting on some shocking revelations were sorely disappointed. Comey basically repeated what was […]
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June 82017
US Dollar Higher After James Comey Concludes Testimony
The US dollar rose today after the testimony of former FBI chief James Comey concluded without major revelations that can lead to an impeachment of US President Donald Trump. Today’s testimony of Comey to the US Senate was considered a major event that could change the US political landscape significantly. Yet those who were counting on some shocking revelations were sorely disappointed. Comey basically repeated what was […]
Read more
June 82017
Euro Loses Ground Against US Dollar as ECB Maintains Interest Rates Unchanged
The euro lost ground against the US dollar on Thursday after the European Central Bank decided to keep interest rates unchanged after concluding its Juneâs monetary policy meeting. The shared currency remained stable against the British pound as the market awaited the outcome of a vote that decides Members of Parliament in the United Kingdom. Following a meeting that was held in Tallinn, the Governing Council of the European Central Bank decided to maintain the euro zoneâs […]
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June 82017
Euro Loses Ground Against US Dollar as ECB Maintains Interest Rates Unchanged
The euro lost ground against the US dollar on Thursday after the European Central Bank decided to keep interest rates unchanged after concluding its Juneâs monetary policy meeting. The shared currency remained stable against the British pound as the market awaited the outcome of a vote that decides Members of Parliament in the United Kingdom. Following a meeting that was held in Tallinn, the Governing Council of the European Central Bank decided to maintain the euro zoneâs […]
Read more
June 82017
Yen Goes Lower vs. Rivals as Economic Data & Market Sentiment Don’t Support
The Japanese yen dropped today, hurt by domestic macroeconomic data and the general market sentiment. Japan’s gross domestic product growth in the first quarter of 2017 was finalized at 0.3% — the same as in the previous two quarters. The final reading was below the preliminary estimate of 0.5% and the predicted increase by 0.6%. Meanwhile, markets disregarded the written testimony of former FBI director James Comey unexpectedly released on Wednesday, thinking it did not reveal anything […]
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June 82017
Yen Goes Lower vs. Rivals as Economic Data & Market Sentiment Don’t Support
The Japanese yen dropped today, hurt by domestic macroeconomic data and the general market sentiment. Japan’s gross domestic product growth in the first quarter of 2017 was finalized at 0.3% — the same as in the previous two quarters. The final reading was below the preliminary estimate of 0.5% and the predicted increase by 0.6%. Meanwhile, markets disregarded the written testimony of former FBI director James Comey unexpectedly released on Wednesday, thinking it did not reveal anything […]
Read more
June 82017
Australian Dollar Steady Despite Macroeconomic Data
The Australian dollar was steady against its US counterpart and rose versus other most-traded rivals even though macroeconomic data, both domestic and from abroad, was not particularly good. Australia’s trade balance surplus narrowed sharply from A$3.17 billion in March to A$0.56 billion in April, far below the predicted value of A$1.91 billion. China’s trade surplus rose from $38.1 billion in April to $40.8 billion in May […]
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June 82017
Australian Dollar Steady Despite Macroeconomic Data
The Australian dollar was steady against its US counterpart and rose versus other most-traded rivals even though macroeconomic data, both domestic and from abroad, was not particularly good. Australia’s trade balance surplus narrowed sharply from A$3.17 billion in March to A$0.56 billion in April, far below the predicted value of A$1.91 billion. China’s trade surplus rose from $38.1 billion in April to $40.8 billion in May […]
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