Day: September 15, 2017

September 15
2017

Euro Mixed, Prospects for QE Tapering Stay in Place

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations. Peter Praet, European Central Bank chief economist and an Executive Board member, voiced his opinion earlier this week that monetary stimulus should stay in place. He argued that the current strong economic […]

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September 15
2017

Euro Mixed, Prospects for QE Tapering Stay in Place

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations. Peter Praet, European Central Bank chief economist and an Executive Board member, voiced his opinion earlier this week that monetary stimulus should stay in place. He argued that the current strong economic […]

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September 15
2017

EUR/USD Goes Higher After Friday’s US Data

EUR/USD went higher today during the session that was busy in terms of macroeconomic data from the United States. Plenty of economic reports were released and unfortunately (at least for dollar bulls) quite a few of them were disappointing. Additionally, prospects for monetary tightening from the European Central Bank continued to support the currency pair. Retail sales fell 0.2% in August, whereas experts had predicted an increase by 0.1%. Moreover, the July increase […]

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September 15
2017

US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates

The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week. US consumers were reluctant to spend more in August, which caused a 0.2% drop in retail sales as was reported today by the US Census Bureau. Analysts forecasted […]

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September 15
2017

US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates

The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week. US consumers were reluctant to spend more in August, which caused a 0.2% drop in retail sales as was reported today by the US Census Bureau. Analysts forecasted […]

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September 15
2017

GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments

The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech on ‘real interest rates and risks‘ and published by Reuters. The currency pair rallied by over 200 points after Vlieghe’s comments to extend yesterday’s rally, which was triggered by the hawkish tone in the BoE minutes. The pair’s rally was mainly triggered […]

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September 15
2017

GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments

The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech on ‘real interest rates and risks‘ and published by Reuters. The currency pair rallied by over 200 points after Vlieghe’s comments to extend yesterday’s rally, which was triggered by the hawkish tone in the BoE minutes. The pair’s rally was mainly triggered […]

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September 15
2017

NZ Dollar Gains as Manufacturing Continues to Expand

The New Zealand dollar gained today as domestic data revealed that the New Zealand manufacturing sector continued to expand with accelerating pace last month. The seasonally adjusted BusinessNZ Performance of Manufacturing Index climbed from 55.5 to 57.9 in August. The reading above 50.0 indicates that the sector is expanding, and it was doing so since October 2012. The New Zealand dollar reacted positively to the news, while ignored, as many […]

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September 15
2017

NZ Dollar Gains as Manufacturing Continues to Expand

The New Zealand dollar gained today as domestic data revealed that the New Zealand manufacturing sector continued to expand with accelerating pace last month. The seasonally adjusted BusinessNZ Performance of Manufacturing Index climbed from 55.5 to 57.9 in August. The reading above 50.0 indicates that the sector is expanding, and it was doing so since October 2012. The New Zealand dollar reacted positively to the news, while ignored, as many […]

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September 15
2017

Swiss Franc Sees No Support from North Korean Missile Launch

The Swiss franc was stable today against some majors and continued to fall versus the very strong Great Britain pound. North Korea launched yet another missile, but that had little impact on markets, showing that market participants feel no need for safety. With that said, currently the franc is starting to move higher. North Korea launched a missile over northern Japanese island Hokkaido today. […]

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