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Day: September 6, 2017
September 62017
EUR/USD Little Changed as Traders Assess Chances of Rate Hike
EUR/USD was little changed today but was heading to weekly gains as US policy makers talked down chances for another interest rate hike by the end of the year. US economic data was mixed today, giving the currency pair no direction. Trade balance deficit was at $43.7 billion in July, almost unchanged from $43.5 billion in June, revised. Forecasters had predicted an increase to $44.6 billion. (Event A on the chart.) […]
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September 62017
Japanese Cash Earnings Drop Unexpectedly, Yen Fails to Hold Ground
The Japanese yen was attempting to hold ground after the report that showed a drop of wages in Japan. The attempt was succeeding for some time but ultimately failed, and the currency is now trading below the opening level. Average cash earnings fell 0.3% in July instead of rising 0.5% as analysts had predicted. On a bright side, the previous month’s reading got a revision from a drop by 0.4% to an increase by the same rate. There is […]
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September 62017
Japanese Cash Earnings Drop Unexpectedly, Yen Fails to Hold Ground
The Japanese yen was attempting to hold ground after the report that showed a drop of wages in Japan. The attempt was succeeding for some time but ultimately failed, and the currency is now trading below the opening level. Average cash earnings fell 0.3% in July instead of rising 0.5% as analysts had predicted. On a bright side, the previous month’s reading got a revision from a drop by 0.4% to an increase by the same rate. There is […]
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September 62017
Aussie Goes Down Even as Economic Growth Accelerates
The Australian dollar fell today even as Australia’s economic growth accelerated last quarter. Australian gross domestic product rose 0.8% on the seasonally adjusted basis in the June quarter of this year from the previous three months. The economy grew 0.3% in the March quarter. Meanwhile, fears of North Korea, which seemed to abate yesterday, returned today. AUD/USD fell from 0.7995 to 0.7976 as of 11:59 GMT today after rising to the high of 0.8020 […]
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September 62017
Aussie Goes Down Even as Economic Growth Accelerates
The Australian dollar fell today even as Australia’s economic growth accelerated last quarter. Australian gross domestic product rose 0.8% on the seasonally adjusted basis in the June quarter of this year from the previous three months. The economy grew 0.3% in the March quarter. Meanwhile, fears of North Korea, which seemed to abate yesterday, returned today. AUD/USD fell from 0.7995 to 0.7976 as of 11:59 GMT today after rising to the high of 0.8020 […]
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