The New Zealand dollar extended its rally today, reaching the highest rate since September 2011 against its US peer, as retail sales grew last quarter more than was…
NZ Dollar Extends Rally, Propped Up by Retail Sales
February 15, 2013
Posts published in February 2013
Euro Drops as Recession Fears Re-Emerge
February 14, 2013
Recession fears are back for the eurozone, and that is weighing on the euro today. Worries about recession, as well as speculation that a rate cut could be coming from the European Central Bank,…
Czech Economy Stays in Recession, Keeps Koruna Weak
February 14, 2013
The Czech koruna declined today as the nation’s economy remained in recession. Combination of the domestic weakness and the problems of the eurozone, which hurt prospects for Czech exports, suggests that the economy will not return to growth…
Forint Hurt by Hungary’s GDP & CPI
February 14, 2013
The Hungarian forint fell today as worsening recession of the country’s economy and slowing inflation made traders speculate about an interest rate cut in the near future. Hungarian gross domestic product fell 2.7…
Yen Higher Today, But is More Weakness Coming?
February 14, 2013
Japanese yen is higher today, gaining due to its status as a safe haven as concerns about the global economy once again take center stage. However, the latest economic data from…
NZ Dollar Jumps with Manufacturing & Consumer Confidence
February 14, 2013
The New Zealand dollar rose as the expanding manufacturing sector and improving consumer confidence lead to speculations that the nation’s central bank will keep interest rates stable. The BNZ-BusinessNZ seasonally adjusted PMI…
Pound Drops After Inflation Report
February 14, 2013
The Great Britain pound fell after the Inflation Report of the Bank of England. Additionally, the BoE Governor Mervyn King suggested that the economy will likely remain weak and will face “big challenges”.…
Euro Holds Its Own after Industrial Production Numbers
February 13, 2013
Indications that the worst really is over for the eurozone continue to roll in, despite worries about Spain and Italy. The latest industrial production data supports the idea that the eurozone economy is…
Swedish Krona Rises as Riksbank Does Not Join Currency War
February 13, 2013
The Swedish krona climbed today as the central bank left interest rates unchanged, refraining from easing the monetary policy to subdue the currency’s strength. The krona appreciated after the bank did not give…
US Dollar Index Falls as Greenback Performs Mixed
February 13, 2013
US dollar index is dropping today, but the greenback performance overall is mixed as Forex traders look for direction, and try to figure out what, exactly, the G-7 countries feel about…