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Day: November 7, 2017
November 72017
Euro Hits 4-Month Lows Against US Dollar on Draghi Speech
The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session. The EUR/USD currency pair declined by about 60 points from its daily high to hit a 4-month low of 1.1554 after […]
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November 72017
Euro Hits 4-Month Lows Against US Dollar on Draghi Speech
The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session. The EUR/USD currency pair declined by about 60 points from its daily high to hit a 4-month low of 1.1554 after […]
Read more
November 72017
NZD Lower vs. USD, Stable vs. Other Majors Ahead of RBNZ
The New Zealand dollar traded lower against its US counterpart today, but was stable against other majors. Traders were waiting for tomorrow’s policy decision of the Reserve Bank of New Zealand. The RBNZ will announce its decision at 20:00 GMT on Wednesday. The general consensus is that the central bank will keep its main interest rate unchanged at 1.75%. A press conference will follow the announcement, and it may […]
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November 72017
NZD Lower vs. USD, Stable vs. Other Majors Ahead of RBNZ
The New Zealand dollar traded lower against its US counterpart today, but was stable against other majors. Traders were waiting for tomorrow’s policy decision of the Reserve Bank of New Zealand. The RBNZ will announce its decision at 20:00 GMT on Wednesday. The general consensus is that the central bank will keep its main interest rate unchanged at 1.75%. A press conference will follow the announcement, and it may […]
Read more
November 72017
Australia Dollar Falls After RBA Remains Passive
The Australian dollar fell today after Reserve Bank of Australia remained passive, showing it has no plans for raising interest rates in the foreseeable future. The RBA left its main interest rate unchanged at 1.5% as was widely expected. The policy statement did not provide anything particularly new. It mentioned, though, that the appreciation of the currency may hurt economic growth and inflation. The construction PMI reported by Australian Industry […]
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November 72017
Australia Dollar Falls After RBA Remains Passive
The Australian dollar fell today after Reserve Bank of Australia remained passive, showing it has no plans for raising interest rates in the foreseeable future. The RBA left its main interest rate unchanged at 1.5% as was widely expected. The policy statement did not provide anything particularly new. It mentioned, though, that the appreciation of the currency may hurt economic growth and inflation. The construction PMI reported by Australian Industry […]
Read more