Forex News – Page 267

October 18
2016

Australian Dollar Rallies After RBA Minutes

The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices. Unlike the previous RBA Governor, Philip Lowe did not complain about the exchange rate, saying that “the lower exchange rate since 2013 had been helping the traded sector,” though he also mentioned that “an appreciating exchange […]

October 17
2016

Uninspiring Economic Data Causes the USD to Lose Its Footing

The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark […]

October 17
2016

Uninspiring Economic Data Causes the USD to Lose Its Footing

The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark […]

October 17
2016

Yen Flat After Kuroda Talks About Stimulus Again

The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US dollar. Kuroda said today that the central bank is ready to adjust monetary policy as needed for achieving the 2% inflation goal. The Governor was not excessively optimistic about Japan’s economic growth, saying that “Japan’s economy […]

October 17
2016

Yen Flat After Kuroda Talks About Stimulus Again

The Japanese yen was little changed today after Haruhiko Kuroda, Bank of Japan Governor, talked yet again about possibility of additional monetary easing. The currency even managed to gain on the US dollar. Kuroda said today that the central bank is ready to adjust monetary policy as needed for achieving the 2% inflation goal. The Governor was not excessively optimistic about Japan’s economic growth, saying that “Japan’s economy […]

October 16
2016

EUR/USD Closes Under Significant Level 1.10 — 2% Weekly Loss

EUR/USD closed on Friday at 1.0964, down about 2% on a weekly basis from 1.1196 at beginning of the week. There has been a downside pressure all week and a strong ZEW Economic Sentiment Index of 12.3 on Tuesday, with a 3-month continuous improvement, did not have any significant impact or short-term rally. It is important to note that a higher ZEW Economic sentiment shows positive expectations for the eurozone economy. On Friday, important […]

October 16
2016

EUR/USD Closes Under Significant Level 1.10 — 2% Weekly Loss

EUR/USD closed on Friday at 1.0964, down about 2% on a weekly basis from 1.1196 at beginning of the week. There has been a downside pressure all week and a strong ZEW Economic Sentiment Index of 12.3 on Tuesday, with a 3-month continuous improvement, did not have any significant impact or short-term rally. It is important to note that a higher ZEW Economic sentiment shows positive expectations for the eurozone economy. On Friday, important […]

October 15
2016

Dollar Logs Big Weekly Gains as Fed Suggests Tightening Soon

The US dollar demonstrated an impressive rally during the past trading week. The currency continued to get support from the outlook for monetary tightening from the Federal Reserve and positive macroeconomic data. The Fed released minutes of its September policy meeting on Wednesday, showing that hawks were becoming more courageous while doves had become more open to an idea of an interest rate hike in the near future. This increased investors’ confidence that […]

October 15
2016

Dollar Logs Big Weekly Gains as Fed Suggests Tightening Soon

The US dollar demonstrated an impressive rally during the past trading week. The currency continued to get support from the outlook for monetary tightening from the Federal Reserve and positive macroeconomic data. The Fed released minutes of its September policy meeting on Wednesday, showing that hawks were becoming more courageous while doves had become more open to an idea of an interest rate hike in the near future. This increased investors’ confidence that […]

October 14
2016

Dollar Rallies as Data Feeds Outlook for Interest Rate Hike

The US dollar rallied today as economic data release from the United States over the trading session was good so far, improving chances for an interest rate hike from the Federal Reserve in December. Retail sales increased 0.6% in September, in line with expectations. The Producer Price Index rose 0.3%, a bit more than analysts had promised — 0.2%. Later during the session, reports about the consumer sentiment and business inventories […]