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Day: November 14, 2017
November 142017
US Dollar Declines Against Major Peers Despite Upbeat Inflation Data
The US dollar fell against a basket of its major peers on Tuesday, despite an economic report that showed stronger inflation than expected last month. The greenback further weakened against the euro as the German economy displayed solid growth in the third quarter of 2017, which supported the shared currency. The US Bureau of Labor Statistics released a report earlier today that revealed higher prices at factories than what analysts forecasted. The producer […]
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November 142017
Yen Flat-to-Lower After Kuroda’s Speech
The Japanese yen was stable against such currencies as the US dollar and the Great Britain pound today, but fell against such European majors like the euro and the Swiss franc. Bank of Japan Governor Haruhiko Kuroda was speaking at the University of Zurich yesterday. He defended the extremely accommodative monetary policy applied by the BoJ, saying that it helped to move closer to the bank’s target of 2% inflation. Therefore, he signaled that […]
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November 142017
Australian Dollar Lifted by Domestic Data
The Australian dollar stabilized after yesterday’s sell-off, edging a little higher versus the US dollar and the Japanese yen, though continuing to fall against the euro for the fourth straight day. It looks like traders paid more attention to the positive domestic data than to the reports from China, Australia’s biggest trading partner. The Monthly Business Survey performed by National Australia Bank showed that the business conditions index improved materially from […]
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November 142017
GBP/USD Tumbles to New Lows on Soft UK CPI Data
The GBP/USD currency pair today tumbled to new lows after the release of soft UK CPI data by the Office for National Statistics early in the European session. Today’s decline extends the pound’s drop for the second consecutive session this weak after yesterday’s massive drop occasioned by news of a leadership crisis in the UK. The GBP/USD currency pair lost over 50 points from its daily highs to hit a low of 1.3073 at the height of its decline. […]
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November 142017
Euro Rallies Against US Dollar on Positive German GDP Data
The euro today rallied higher against the US dollar after the release of German GDP data by the Federal Statistical Office. Other releases from the Eurozone including the higher consumer prices in Germany served to boost the euro against the greenback. The EUR/USD currency pair rallied by over 45 points to hit a high of 1.1710 after the German releases. The release of the German GDP data for the third quarter of 2017 was the main trigger for the euro’s rally. The Q3 […]
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November 142017
Euro Rallies Against US Dollar on Positive German GDP Data
The euro today rallied higher against the US dollar after the release of German GDP data by the Federal Statistical Office. Other releases from the Eurozone including the higher consumer prices in Germany served to boost the euro against the greenback. The EUR/USD currency pair rallied by over 45 points to hit a high of 1.1710 after the German releases. The release of the German GDP data for the third quarter of 2017 was the main trigger for the euro’s rally. The Q3 […]
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