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Day: September 7, 2017
September 72017
Aussie Gains on Greenback, Dragged Down vs. Other Rivals by Economic Data
The Australian dollar joined the broad based rally against its US rival. Against other currencies, the Aussie declined as basically all domestic macroeconomic reports released over the Thursday’s session were poor. The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index registered a reading of 55.3 in August, down from 60.5 in the previous month. Australia’s seasonally adjusted retail sales showed no change in July, […]
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September 72017
Aussie Gains on Greenback, Dragged Down vs. Other Rivals by Economic Data
The Australian dollar joined the broad based rally against its US rival. Against other currencies, the Aussie declined as basically all domestic macroeconomic reports released over the Thursday’s session were poor. The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index registered a reading of 55.3 in August, down from 60.5 in the previous month. Australia’s seasonally adjusted retail sales showed no change in July, […]
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September 72017
Pound Gains on Vulnerable Dollar, Falls Against Other Rivals
The GBP/USD currency pair (also know as the Cable) rallied today on the back of the US dollar’s weakness. The Great Britain pound fell against other currencies, though. In fact, there were speculations that the sterling may reach parity with the euro. Today’s comments from European Central Bank President Mario Draghi sent the US dollar lower against other currencies, helping the Cable to gain. Yet the situation does not look […]
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September 72017
Pound Gains on Vulnerable Dollar, Falls Against Other Rivals
The GBP/USD currency pair (also know as the Cable) rallied today on the back of the US dollar’s weakness. The Great Britain pound fell against other currencies, though. In fact, there were speculations that the sterling may reach parity with the euro. Today’s comments from European Central Bank President Mario Draghi sent the US dollar lower against other currencies, helping the Cable to gain. Yet the situation does not look […]
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September 72017
EUR/USD Jumps on ECB, US Jobless Claims
EUR/USD rallied today after Mario Draghi, President of the European Central Bank, signaled at the press conference after the monetary policy meeting that quantitative easing tapering will be discussed in October. (Event A on the chart.) Meanwhile, jobless claims in the United States jumped to the highest level since March 2015 as a result of Hurricane Harvey. Initial jobless claims jumped from 236k to 298k last week, far above the predicted level of 245k. […]
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September 72017
Canadian Dollar Consolidates Gains Made Against US Dollar
The Canadian dollar today consolidated gains made against its US counterpart yesterday after the BoC rate hike decision. The USD/CAD pair tested new lows after the release of disappointing US jobless claims data and weak Canadian building permits data early in the North American session. The USD/CAD pair lost over 110 points at the height of its decline as the loonie gained steadily against the greenback throughout today’s session. The Canadian […]
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September 72017
Canadian Dollar Consolidates Gains Made Against US Dollar
The Canadian dollar today consolidated gains made against its US counterpart yesterday after the BoC rate hike decision. The USD/CAD pair tested new lows after the release of disappointing US jobless claims data and weak Canadian building permits data early in the North American session. The USD/CAD pair lost over 110 points at the height of its decline as the loonie gained steadily against the greenback throughout today’s session. The Canadian […]
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September 72017
US Dollar Loses Ground Against Euro Following ECB Decision
The US dollar fell against the euro on Thursday following the latest monetary policy decision from the European Central Bank, which maintained interest rates unchanged. The greenback further weakened in the wake of lackluster economic data in the United States. Following its latest meeting, The European Central Bank said in a press release earlier today that the Governing Council decided to keep interest rates at 0% in a move that was widely expected by analysts. […]
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September 72017
US Dollar Loses Ground Against Euro Following ECB Decision
The US dollar fell against the euro on Thursday following the latest monetary policy decision from the European Central Bank, which maintained interest rates unchanged. The greenback further weakened in the wake of lackluster economic data in the United States. Following its latest meeting, The European Central Bank said in a press release earlier today that the Governing Council decided to keep interest rates at 0% in a move that was widely expected by analysts. […]
Read more