Forex News – Page 250

November 24
2016

British Pound Appreciates on Mortgage Approvals Growth

The British pound was pushed higher against the US dollar today after data released on Thursday revealed an increase in the United Kingdomâs mortgage approvals. The British Bankersâ Association, a trade association that represents UK banking and financial services sector, said in a report earlier today that mortgage approvals for house purchases rose for the second month in a row last October. Mortgage approvals increased by 40,851 in October, surpassing an estimated increase by 39,000 […]

November 24
2016

US Dollar Retreats on Thinning Trading Ahead of Thanksgiving

The dollar lost some of its yesterdayâs gains on Thursday as trading volumes were lower ahead of the US thanksgiving holiday. The US currency jumped on Wednesday as a series of data releases in the worldâs biggest economy showed a stable and steady growth. Investorsâ confidence towards the future of the dollar grew after durable goods orders increased by 4.8% in October, which is a bigger increase than expectations. Sentiments were further lifted by positive initial jobless […]

November 24
2016

US Dollar Retreats on Thinning Trading Ahead of Thanksgiving

The dollar lost some of its yesterdayâs gains on Thursday as trading volumes were lower ahead of the US thanksgiving holiday. The US currency jumped on Wednesday as a series of data releases in the worldâs biggest economy showed a stable and steady growth. Investorsâ confidence towards the future of the dollar grew after durable goods orders increased by 4.8% in October, which is a bigger increase than expectations. Sentiments were further lifted by positive initial jobless […]

November 24
2016

Australian Dollar Follows Iron Ore to Upside

The Australian dollar traded higher against its major rivals during the Thursday’s trading session even though the general market sentiment was negative to risky currencies. Analysts explained the amazing performance of the Australian currency by the rally of iron ore prices. Iron ore climbed to the highest level in almost three years, rising as much as 8% in just two days. Considering that iron ore is Australia’s biggest export commodity, that […]

November 24
2016

Australian Dollar Follows Iron Ore to Upside

The Australian dollar traded higher against its major rivals during the Thursday’s trading session even though the general market sentiment was negative to risky currencies. Analysts explained the amazing performance of the Australian currency by the rally of iron ore prices. Iron ore climbed to the highest level in almost three years, rising as much as 8% in just two days. Considering that iron ore is Australia’s biggest export commodity, that […]

November 24
2016

Rand Lower vs. Dollar After South African Central Bank Policy Meeting

The South African rand dropped against the US dollar today following the nation’s decision to keep its repurchase rate unchanged. The South African Reserve Bank maintained its key interest rate at 7% at today’s policy meeting. The bank said in the statement that the unexpected outcome of the US presidential elections and Britain’s decision to leave the European Union create uncertainty for markets, especially emerging ones. As for the rand, according to the central bank the main factors […]

November 24
2016

Rand Lower vs. Dollar After South African Central Bank Policy Meeting

The South African rand dropped against the US dollar today following the nation’s decision to keep its repurchase rate unchanged. The South African Reserve Bank maintained its key interest rate at 7% at today’s policy meeting. The bank said in the statement that the unexpected outcome of the US presidential elections and Britain’s decision to leave the European Union create uncertainty for markets, especially emerging ones. As for the rand, according to the central bank the main factors […]

November 23
2016

US Dollar Climbs on Strong Durable Goods Data and Expected Rate Hike

The dollar appreciated on Wednesday as the US currency resumed its powerful uptrend. The greenbackâs gains followed the release of a report by the Department of Commerce, which showed an increase in durable goods orders that is bigger than estimated. The report said that orders for durable goods, such as appliances, made in the USA rose by 4.8% in October from 0.4% in September, compared to an estimated 3.3% increase. The increase was attributed in a big part to higher demand for commercial […]

November 23
2016

US Dollar Climbs on Strong Durable Goods Data and Expected Rate Hike

The dollar appreciated on Wednesday as the US currency resumed its powerful uptrend. The greenbackâs gains followed the release of a report by the Department of Commerce, which showed an increase in durable goods orders that is bigger than estimated. The report said that orders for durable goods, such as appliances, made in the USA rose by 4.8% in October from 0.4% in September, compared to an estimated 3.3% increase. The increase was attributed in a big part to higher demand for commercial […]

November 23
2016

British Pound Moves Higher on UK’s Fiscal Stimulus Plans

The British pound enjoyed a positive push on Wednesday following the UKâs Autumn Statement. Chancellor Philip Hammond gave the statement earlier today, during which he spoke about increasing productivity to create better living standards for workers. Hammond announced new spending plans that are aimed at the productivity problem in the United Kingdom. In the statement, increased spending on infrastructure and innovation was prioritized. An additional fiscal stimulus to the UKâs roads and railways will […]