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Day: June 15, 2017
June 152017
Loonie Drops vs. Greenback, Gains on Other Rivals
The Canadian dollar fell against its US counterpart today due to the hawkish stance of the Federal Reserve and positive US macroeconomic data. The loonie fared far better against other most-traded currencies. The greenback got a huge boost from yesterday’s policy announcement from the Federal Reserve. Today’s economic reports released in the United States were mixed, but the market paid attention to the positive ones, driving the US currency even higher. […]
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June 152017
Loonie Drops vs. Greenback, Gains on Other Rivals
The Canadian dollar fell against its US counterpart today due to the hawkish stance of the Federal Reserve and positive US macroeconomic data. The loonie fared far better against other most-traded currencies. The greenback got a huge boost from yesterday’s policy announcement from the Federal Reserve. Today’s economic reports released in the United States were mixed, but the market paid attention to the positive ones, driving the US currency even higher. […]
Read more
June 152017
EUR/USD Drops on US Data, Fed Interest Rate Hike
EUR/USD dropped today following yesterday’s interest rate hike from the Federal Reserve. Today’s economic reports released in the United States were mixed, but those that were good were sufficient to drive the dollar higher. Initial jobless claims slipped from 245k to 237k last week. That is compared to the forecast value of 241k. (Event A on the chart.) NY Empire State Index surged from -1.0 to 19.8 in June — […]
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June 152017
Swiss Franc Mixed After SNB & PPI
The Swiss franc was mixed after today’s policy announcement from the Swiss National Bank and the release of the Producer Price Index. The currency gained on the euro and the Japanese yen but fell versus the US dollar and the Great Britain pound. The SNB maintained interest rates unchanged, announcing: Interest on sight deposits at the SNB is to remain at â0.75% and the target range for the three-month Libor is unchanged at between â1.25% and â0.25% The central bank maintained […]
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June 152017
Swiss Franc Mixed After SNB & PPI
The Swiss franc was mixed after today’s policy announcement from the Swiss National Bank and the release of the Producer Price Index. The currency gained on the euro and the Japanese yen but fell versus the US dollar and the Great Britain pound. The SNB maintained interest rates unchanged, announcing: Interest on sight deposits at the SNB is to remain at â0.75% and the target range for the three-month Libor is unchanged at between â1.25% and â0.25% The central bank maintained […]
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June 152017
US Dollar Advances on Positive Manufacturing Data and Hawkish Interest Rates Outlook
The US dollar climbed versus the euro and the Japanese yen on Thursday, as sentiments toward the near future outlook for US interest rates improved following hawkish signals from the Federal Reserve yesterday. Positive manufacturing data in the United States eased concerns about the health of the economy, which further supported the greenback today. The Federal Open Market Committee released a statement yesterday after ending a monetary policy meeting that lasted two days. […]
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June 152017
US Dollar Advances on Positive Manufacturing Data and Hawkish Interest Rates Outlook
The US dollar climbed versus the euro and the Japanese yen on Thursday, as sentiments toward the near future outlook for US interest rates improved following hawkish signals from the Federal Reserve yesterday. Positive manufacturing data in the United States eased concerns about the health of the economy, which further supported the greenback today. The Federal Open Market Committee released a statement yesterday after ending a monetary policy meeting that lasted two days. […]
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June 152017
British Pound Reverses Decline Against US Dollar After BoE Rate Decision
The GBP/USD currency pair was on a downward trend due to the stronger US dollar, but rallied higher after the Bank of England announced its rate decision. The US dollar later gained slightly against the British pound after the release of positive US data such as the initial jobless claims. The currency pair gained about 100 points after the BoE rate announcement, but has since retraced some of its gains. The release […]
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June 152017
British Pound Reverses Decline Against US Dollar After BoE Rate Decision
The GBP/USD currency pair was on a downward trend due to the stronger US dollar, but rallied higher after the Bank of England announced its rate decision. The US dollar later gained slightly against the British pound after the release of positive US data such as the initial jobless claims. The currency pair gained about 100 points after the BoE rate announcement, but has since retraced some of its gains. The release […]
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June 152017
New Zealand Dollar Driven Down by GDP
The New Zealand dollar fell today, driven down by disappointing economic growth of the New Zealand economy. The kiwi started its decline after the US Federal Reserve announced an interest rate hike. The currency continued to fall after the release of New Zealand gross domestic product, which showed a growth by 0.5% in the March quarter. While it was a bigger increase that 0.4% in the previous three months, the gain was smaller than […]
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