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Forex News
October 272016
Swedish Krona Sinks as Riksbank Signals About Possible Easing
The Swedish krona fell today after the nation’s central bank signaled that it is ready to cut interest rates deeper into the negative territory and expand its quantitative easing program. The Riksbank kept its main interest rate at -0.5% at today’s policy meeting. While the krona initially rallied due to absence of a rate cut, the currency backed off after market participants digested the policy statement and discovered that it […]
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October 272016
Dollar Maintains Its Gains Against Yen on Interest Policy Forecasts
The US dollar strengthened against the yen as it boosted the gains it made over the past three days on bets that the Federal Reserve will raise its interest rates, increasing tradersâ appetite for the currency. The Bank of Japan is expected to keep its stimulus program unchanged during the meeting of Japanese policymakers next week, which would offer more support for the greenback. On the other hand, markets believe thereâs a 71.4 percent […]
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October 272016
Dollar Maintains Its Gains Against Yen on Interest Policy Forecasts
The US dollar strengthened against the yen as it boosted the gains it made over the past three days on bets that the Federal Reserve will raise its interest rates, increasing tradersâ appetite for the currency. The Bank of Japan is expected to keep its stimulus program unchanged during the meeting of Japanese policymakers next week, which would offer more support for the greenback. On the other hand, markets believe thereâs a 71.4 percent […]
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October 272016
New Zealand Trade Deficit Widens, NZD Down
The New Zealand dollar fell against the US dollar and the euro after Thursday’s data revealed that the New Zealand trade balance deficit widened last month unexpectedly. The New Zealand trade balance posted a deficit of NZ$1.4 billion in September. It was an increase from the August’s value of NZ$1.2 billion while experts had predicted a decrease to NZ$1.1 billion. The data hurt the New Zealand dollar, though other risky commodity […]
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October 272016
New Zealand Trade Deficit Widens, NZD Down
The New Zealand dollar fell against the US dollar and the euro after Thursday’s data revealed that the New Zealand trade balance deficit widened last month unexpectedly. The New Zealand trade balance posted a deficit of NZ$1.4 billion in September. It was an increase from the August’s value of NZ$1.2 billion while experts had predicted a decrease to NZ$1.1 billion. The data hurt the New Zealand dollar, though other risky commodity […]
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October 272016
Pound Refuses to Move Far from Opening After GDP Report
The Great Britain pound continued to move largely sideways on Thursday, refusing to move far from the opening level and extending the period of consolidation that has starter a while ago. Even the positive surprise in the form of faster-than-expected economic growth did not influence the currency much. Britain’s gross domestic product rose 0.5% in the third quarter of 2016. While it was slower than the second quarter’s growth of 0.7%, it was a bigger […]
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October 272016
Pound Refuses to Move Far from Opening After GDP Report
The Great Britain pound continued to move largely sideways on Thursday, refusing to move far from the opening level and extending the period of consolidation that has starter a while ago. Even the positive surprise in the form of faster-than-expected economic growth did not influence the currency much. Britain’s gross domestic product rose 0.5% in the third quarter of 2016. While it was slower than the second quarter’s growth of 0.7%, it was a bigger […]
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October 262016
Canadian Dollar Under Pressure During Wednesday’s Trading
The Canadian dollar was under pressure during the Wednesday’s trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive. Performance of the loonie (as Canada’s currency is often nicknamed) is usually tied to moves of prices for crude oil. So happened that the commodity logged substantial losses and dragged the currency down along the way today. Optimism about production […]
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October 262016
Canadian Dollar Under Pressure During Wednesday’s Trading
The Canadian dollar was under pressure during the Wednesday’s trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive. Performance of the loonie (as Canada’s currency is often nicknamed) is usually tied to moves of prices for crude oil. So happened that the commodity logged substantial losses and dragged the currency down along the way today. Optimism about production […]
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October 262016
US Dollar Mixed as Fed December Meeting Remains in Spotlight
The US dollar was mixed today as Forex market participants continued to speculate about whether the Federal Reserve is going to hike interest rates in December or not. For the most part, speculators continued to bet on a hike in December. The problem for the dollar is that such expectations are already reflected in the exchange rate, meaning that news supporting the idea of the December rate increase should have limited impact on the currency. On the other hand, news […]
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