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Day: October 31, 2017
October 312017
Russian Ruble Falls Along with Crude Oil
The Russian ruble fell today, following the drop of crude oil — Russia’s main export. December contract for Brent crude, a global benchmark for oil prices, fell by 0.39% to $60.66 per barrel on the Intercontinental Exchange today. Meanwhile, the tax payment period at the end of the month has come to an end, leaving the ruble without support from exporters converting their profits into the local currency. On top of that, it is expected that Russian […]
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October 312017
NZ Dollar Falls After Economic Data from New Zealand & China
The New Zealand dollar fell today due to negative macroeconomic data released during the current trading session in New Zealand and the country’s major trading partner, China. The official China manufacturing Purchasing Managers’ Index fell from 52.4 to 51.6 in October, below the median forecast of 52.2. The non-manufacturing PMI slid from 55.4 to 54.3. The ANZ Business Confidence dropped from 0.0 in September to -10.1 in October. New Zealand building consents […]
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October 312017
NZ Dollar Falls After Economic Data from New Zealand & China
The New Zealand dollar fell today due to negative macroeconomic data released during the current trading session in New Zealand and the country’s major trading partner, China. The official China manufacturing Purchasing Managers’ Index fell from 52.4 to 51.6 in October, below the median forecast of 52.2. The non-manufacturing PMI slid from 55.4 to 54.3. The ANZ Business Confidence dropped from 0.0 in September to -10.1 in October. New Zealand building consents […]
Read more