Forex News – Page 268

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 […]

October 14
2016

Australian Dollar Jumps After China’s Data Surprises

The Australian dollar jumped today as China released unexpectedly strong prices data, helping the currency of its trading partner. China’s Consumer Price Index rose 1.9% in September from a year ago compared to the forecast increase of 1.6%. The Producer Price Index edged up 0.1% while forecasters had predicted a drop by 0.4%. China is the biggest trading partner of Australia, therefore its economic reports tend to have a big impact […]

October 14
2016

Australian Dollar Jumps After China’s Data Surprises

The Australian dollar jumped today as China released unexpectedly strong prices data, helping the currency of its trading partner. China’s Consumer Price Index rose 1.9% in September from a year ago compared to the forecast increase of 1.6%. The Producer Price Index edged up 0.1% while forecasters had predicted a drop by 0.4%. China is the biggest trading partner of Australia, therefore its economic reports tend to have a big impact […]

October 13
2016

Australian Dollar Trims Losses After Intraday Drop

The Australian dollar was down today but managed to trim its losses by now and to erase them almost completely against the US dollar. The Australian dollar was hurt by the same factors as other currencies of emerging markets — the relatively hawkish Federal Reserve minutes and the drop of China’s imports and exports. Yet the Aussie had support from domestic fundamentals. The Melbourne Institute inflation expectations increased from 3.3% in September to 3.7% in October, supporting […]

October 13
2016

Australian Dollar Trims Losses After Intraday Drop

The Australian dollar was down today but managed to trim its losses by now and to erase them almost completely against the US dollar. The Australian dollar was hurt by the same factors as other currencies of emerging markets — the relatively hawkish Federal Reserve minutes and the drop of China’s imports and exports. Yet the Aussie had support from domestic fundamentals. The Melbourne Institute inflation expectations increased from 3.3% in September to 3.7% in October, supporting […]

October 13
2016

Turkish Lira at Record Low

The Turkish lira fell to the record low, being under pressure from fundamentals both domestic and from abroad. The lira was hurt by Wednesday’s data that showed an increase of the current account deficit and slowdown of nation’s economic growth. As for news overseas, the drop of China’s exports and imports as well as minutes of the latest policy meeting released by the Federal Reserve yesterday were cited by experts as reasons for the lira’s drop. The Turkish currency was the weakest among […]

October 13
2016

Turkish Lira at Record Low

The Turkish lira fell to the record low, being under pressure from fundamentals both domestic and from abroad. The lira was hurt by Wednesday’s data that showed an increase of the current account deficit and slowdown of nation’s economic growth. As for news overseas, the drop of China’s exports and imports as well as minutes of the latest policy meeting released by the Federal Reserve yesterday were cited by experts as reasons for the lira’s drop. The Turkish currency was the weakest among […]