Forex News – Page 265

October 21
2016

CAD Turns Lower After Data Fails to Reach Consensus Forecast

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations. The Consumer Price Index rose 0.1% in September from August (not adjusted for seasonal variations) while experts had predicted a 0.2% increase. The core CPI was up 0.2% — in line with expectations. Retail sales fell 0.1% in August from July […]

October 21
2016

Pound Moves Lower as Fear of Hard Brexit Haunts Market

The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets. It is expected that British Prime Minister Theresa May will have hard talks with European Union leaders during the summit in Brussels as they were not amused with Britain’s decision to leave the union. The United Kingdom will likely have […]

October 21
2016

Pound Moves Lower as Fear of Hard Brexit Haunts Market

The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets. It is expected that British Prime Minister Theresa May will have hard talks with European Union leaders during the summit in Brussels as they were not amused with Britain’s decision to leave the union. The United Kingdom will likely have […]

October 21
2016

Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session. The rally of crude oil has likely played at least some part in the currency good performance. While the Aussie is not as strongly tied to moves of crude as the Canadian dollar, the Australian currency is still considered to be a commodity currency and thus depends on swings of prices for raw […]

October 21
2016

Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session. The rally of crude oil has likely played at least some part in the currency good performance. While the Aussie is not as strongly tied to moves of crude as the Canadian dollar, the Australian currency is still considered to be a commodity currency and thus depends on swings of prices for raw […]

October 20
2016

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged. The Central Bank of the Republic of Turkey left its interest rates without change during today’s policy meeting, including the benchmark Marginal Funding Rate that remained at 8.25%. Almost all analysts polled by Reuters predicted another rate reduction after seven consecutive months of cuts. Additionally, Turkish […]

October 20
2016

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged. The Central Bank of the Republic of Turkey left its interest rates without change during today’s policy meeting, including the benchmark Marginal Funding Rate that remained at 8.25%. Almost all analysts polled by Reuters predicted another rate reduction after seven consecutive months of cuts. Additionally, Turkish […]

October 20
2016

Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data. Australian employment shrank by 9,800 in September, surprising analysts who were expecting a solid increase. At the same time, the unemployment rate ticked down from 5.7% to 5.6%, which […]

October 20
2016

Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data. Australian employment shrank by 9,800 in September, surprising analysts who were expecting a solid increase. At the same time, the unemployment rate ticked down from 5.7% to 5.6%, which […]

October 19
2016

US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data

The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million. Housing starts represent the annualized number of residential buildings that initiated construction work during the previous month. It has a direct impact on the overall US economy because housing construction creates demand for a number of products and services. Although […]