Forex News – Page 245

December 2
2016

Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

The Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country. S&P will announce its decision later today after markets close. The agency has already downgraded the nation’s credit rating in January, and analysts believe that it may do so again today. The key risks for the nation’s economy are prospects for higher […]

December 2
2016

Australian Retail Sales Help Aussie to Gain on Rivals

The Australian dollar rose against its most-traded rivals (with the exception of the Japanese yen) today as Australia’s retail sales beat expectations. Seasonally adjusted retail sales were up 0.5% in October from September. While the pace of growth was somewhat slower than September’s 0.6%, it was faster than the analysts’ prediction of 0.3%. The Aussie gained on the data, though it may yet retreat if US non-farm payrolls […]

December 2
2016

Australian Retail Sales Help Aussie to Gain on Rivals

The Australian dollar rose against its most-traded rivals (with the exception of the Japanese yen) today as Australia’s retail sales beat expectations. Seasonally adjusted retail sales were up 0.5% in October from September. While the pace of growth was somewhat slower than September’s 0.6%, it was faster than the analysts’ prediction of 0.3%. The Aussie gained on the data, though it may yet retreat if US non-farm payrolls […]

December 1
2016

Dollar Sinks as Traders Take Profit

The US dollar dropped against other most-traded currencies today as traders were taking profits at the start of the new month that followed November, which was a very good month for the US currency. The US dollar has started a rally in the first half of November, and the currency accelerated its move to the upside after November 9 when Donald Trump won the presidential race. Now, traders are locking in profits following the impressive rally. […]

December 1
2016

Dollar Sinks as Traders Take Profit

The US dollar dropped against other most-traded currencies today as traders were taking profits at the start of the new month that followed November, which was a very good month for the US currency. The US dollar has started a rally in the first half of November, and the currency accelerated its move to the upside after November 9 when Donald Trump won the presidential race. Now, traders are locking in profits following the impressive rally. […]

December 1
2016

Canadian Dollar Continues to Receive Support from Skyrocketing Oil Prices

The Canadian dollar continued to rally against its major rivals today, demonstrating especially big gains against the weak US dollar, as the OPEC oil production cut propelled oil prices higher. Yesterday’s deal to reduce oil output achieved by members of the Organization of Petroleum Exporting Countries led to a sharp rise of prices for crude. Many skeptics did not believe that such an accord could be achieved, yet not only […]

December 1
2016

Canadian Dollar Continues to Receive Support from Skyrocketing Oil Prices

The Canadian dollar continued to rally against its major rivals today, demonstrating especially big gains against the weak US dollar, as the OPEC oil production cut propelled oil prices higher. Yesterday’s deal to reduce oil output achieved by members of the Organization of Petroleum Exporting Countries led to a sharp rise of prices for crude. Many skeptics did not believe that such an accord could be achieved, yet not only […]

December 1
2016

British Pound Climbs Higher on Possible Single Market Access

The British pound traded at its strongest level against the euro since September 6 on Thursday. The sterling received a positive lift from news of possible budget contributions that the United Kingdom might be willing to offer the European Union to keep its access to the single market. In a statement that was made earlier today, Secretary of State David Davis said that the UK is willing to support the budget of the European Union in exchange […]

December 1
2016

British Pound Climbs Higher on Possible Single Market Access

The British pound traded at its strongest level against the euro since September 6 on Thursday. The sterling received a positive lift from news of possible budget contributions that the United Kingdom might be willing to offer the European Union to keep its access to the single market. In a statement that was made earlier today, Secretary of State David Davis said that the UK is willing to support the budget of the European Union in exchange […]

December 1
2016

Australian Dollar Unable to Maintain Upward Momentum

The Australian dollar failed to maintain its rally despite relatively supportive macroeconomic data, both domestic and overseas. The Australian currency demonstrated the performance which was rather similar to that of its New Zealand counterpart — an attempt to rally intraday, but a failure to maintain gains. As for economic reports from Australia, they were rather good, with the exception of private capital expenditure that showed a 4% drop in the third quarter of this year […]