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Day: November 19, 2018
November 192018
US Dollar Dips on Wall Street Bears, Economic Data
The US dollar is declining to kick off the trading week as Wall Street bears and disappointing economic data sent the currency lower. Despite the greenback enduring its biggest decline in two weeks, the dollar is still performing quite well as the year comes to an end. Citigroup analysts published a report on Monday that forecast a weaker dollar in 2019, stemming from sluggish economic growth and rising interest rates beginning to hurt the economy. […]
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November 192018
NZ Dollar Drops Despite Better-Than-Expected PPI
The New Zealand dollar dropped today even though domestic macroeconomic data released overnight beat expectations. Statistics New Zealand reported that Producer Price Index increased in the September quarter from the previous three months. The input PPI rose 1.4% and the output PPI rose 1.5%. That is compared to the forecast of 0.8% and 0.9% respectively. NZD/USD declined from 0.6864 to 0.6847 as of 15:33 GMT today. NZD/JPY slumped from […]
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