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Day: March 19, 2019
March 192019
US Dollar Weak, Anticipating Fed Policy Decision
The US dollar was extremely weak today, waiting for the monetary policy decision of the Federal Reserve. Economic data released on Tuesday in the United States missed market expectations, giving no help to the US currency. The US Census Bureau reported that factory orders rose 0.1% in January, the same as in December. Markets were expecting a slightly bigger increase by 0.3%. The Fed started its monetary policy meeting today and will conclude it […]
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March 192019
Australian Dollar Falls with House Prices
The Australian dollar was among the weakest currencies during the Tuesday’s session, falling together with house prices. The monetary policy minutes from the central bank did not reveal anything that could help the currency. The Australian Bureau of Statistics reported that the house price index dropped 2.4% in the December quarter from the previous three months after falling 1.5% in the third quarter. Analysts had promised a smaller drop by 1.9%. […]
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March 192019
Consumer Sentiment Deteriorates, NZ Dollar Flat
The New Zealand dollar traded about flat against most of its major peers by the end of the Tuesday’s trading session. The worsening consumer sentiment did not hurt the currency much. Released by the end of the Monday’s session, the Westpac McDermott Miller Consumer Confidence Index dropped to 103.8 in March from 109.1 in February. The report commented on the result: Households have become increasingly concerned about their personal financial situation. The number of households reporting […]
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March 192019
Chinese Yuan Mixed on Stimulus, Corporate Spending
The Chinese yuan is mixed against a basket of currencies on Tuesday as investors are trading on a wide array of issues in the worldâs second-largest economy. Beijing announced new stimulus measures, corporate spending and yuan deposits slumped to multi-year lows, and analysts are hoping for a second-quarter rebound. It has been an interesting week so far for China. In order to stimulate the slowing economy, Beijing announced a tax cut for manufacturing and other sectors beginning April […]
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March 192019
Improving Economic Sentiment Fails to Boost Euro
The economic sentiment in Germany as well as in the whole eurozone improved significantly this month. But that failed to give a noticeable boost to the euro, which was moving in a range in the second half of the Tuesday’s session. The ZEW Indicator of Economic Sentiment for Germany climbed to -3.6 in March from -13.4 in February. That is compared to the average forecast of -11.0. ZEW President Professor Achim Wambach commented on the result: The significant increase in the ZEW Indicator of Economic Sentiment […]
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March 192019
British Pound Rallies on Jobs Data, Falls on Brexit Uncertainty
The Sterling pound today rallied higher against the US dollar following the release of a mostly positive UK labor market report in the early London session. The GBP/USD currency pair later retraced most of its gains as investors became worried about the Brexit process amid the UK political crisis. The GBP/USD currency pair today rallied to a high of 1.3311 before dropping to a low of 1.3239 in the American session as the greenback rallied. The currency pair traded […]
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