The euro slumped on Wednesday and retained its losses during the early Thursday’s trading session, staying near the lowest level since April versus the US dollar. The currency suffered from the outlook for monetary…
Posts published in November 2015
Dollar Mixed During Wednesday’s Quiet Trading
The US dollar gained on the euro and the Japanese yen during Wednesday’s trading but fell against the Great Britain pound. The session was rather quiet as US markets were preparing for the holiday. Economic…
Australian Dollar Attempts to Rally on Steven’s Comments & China
The Australian dollar attempted to rally today on the relatively hawkish remarks from the central bank’s chief and on the news from China. The Aussie pared its initial gains versus the greenback but managed to hold…
Yen Mixed After BoJ Minutes
The Japanese yen rallied against the euro but fell against some other majors, including the US dollar, today. The currency received some support from risk aversion caused by tensions between…
UK Sterling Down on Diminishing Prospects for Rate Hike
The Great Britain pound fell today due to concerns that the struggling economy will not allow the nation’s central bank to raise interest rates as soon as was expected. Mark Carney, Governor…
Turkish Lira Weakens on Monetary Policy & Risk Aversion
The Turkish lira fell against the US dollar today after the nation’s central bank kept interest rates unchanged, refraining from monetary tightening. The crash of the Russian warplane, shot by Turkish military…
Euro Off Daily Lows, Remains Subdued
The euro bounced from its daily lows with the help of positive economic data. Still, the currency was on a defensive due to the outlook for stimulus from the European Central Bank. Markit economics released…
Dollar Strong During Monday’s Trading
The US dollar was strong during the Monday’s session despite some worse-than-expected reports released from the United States. The greenback trimmed its gains but was trading above the opening level.…
Dollar Logs Weekly Gains Despite Some Obstacles
The US dollar managed to log gains during the past trading week even though the currency has started trading from correction and had a confusing reaction to the Federal Reserve minutes. The dollar was…
US Dollar Mixed During Friday’s Session
The US dollar was mixed today as no economic data from the United States was scheduled for the current trading session. This means that the greenback was reacting to moves of other currencies…