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Day: June 15, 2017
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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June 152017
Australian Dollar Lifted by Employment Data
The Australian dollar rose sharply after today’s release of domestic employment data. While the Aussie has lost gains versus its US counterpart by now, the Australian currency maintained the rally against other most-traded rivals. Australian employment grew by 42,000 in May on a seasonally adjusted basis, beating the forecast growth of 9,700 by a huge margin. What is more, the previous month’s massive increase of 37,400 got a revision to even a bigger number — […]
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June 152017
Australian Dollar Lifted by Employment Data
The Australian dollar rose sharply after today’s release of domestic employment data. While the Aussie has lost gains versus its US counterpart by now, the Australian currency maintained the rally against other most-traded rivals. Australian employment grew by 42,000 in May on a seasonally adjusted basis, beating the forecast growth of 9,700 by a huge margin. What is more, the previous month’s massive increase of 37,400 got a revision to even a bigger number — […]
Read more