Posts published in October 2013

ECB Rate Cut May Come After All

The latest economic data out of the eurozone is somewhat disappointing — and indicative of continued economic malaise in the 17-nation currency region. Concerns are rising about what’s next for the euro, and there is speculation…

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AUD/USD Rises as Building Permits Surge

The Australian dollar rose against its US counterpart today, supported by very good housing data. The Aussie was flat against the Japanese yen. Australian building approvals surged 14.4 percent…

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NZD Retreats After Rally

The New Zealand dollar slipped today after yesterday’s advance. The Reserve Bank of New Zealand kept monetary policy unchanged, but maintained its hawkish bias, signaling about possible interest…

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