Posts published in November 2015

NZ Dollar Flat as Traders Wait for Fed Minutes

The New Zealand dollar was trading flat during the current trading session as traders wait for monetary policy minutes from the Federal Reserve. The New Zealand currency has been in a downtrend since…

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EUR/USD Drops Below 1.07 on Paris, Policy Divergence

Euro continues to fall against its major counterparts as more analysts and traders expect to see additional easing from the ECB. Also weighing on the 19-nation currency is the aftermath of the attacks in Paris. EUR/USD…

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Australian Dollar Gains as Risk Aversion Subsides

The Australian dollar rose today, erasing yesterday’s losses against the US dollar and gaining for the fifth straight session versus the Japanese yen. It looks like risk aversion caused by the events in France…

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Pound Bounces After UK Inflation Data

The Great Britain pound was falling at the start of today’s trading session but bounced after the release of inflation data, rising above the opening level. Britain’s Consumer Price Index fell 0.1…

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Yen Retreats After Opening Sharply Higher

The Japanese yen opened sharply higher due to risk aversion caused by terrorist attacks in France. Yet the currency pared back gains after data released on Monday showed that Japan’s economy…

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Turning Point for Aussie, RBA?

Before the terror attacks in Paris, the Aussie was turning in a strong performance following better than expected economic data. As a result, some feel that the Reserve Bank of Australia will soon reduce…

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Canadian Dollar Mixed Close to End of Trading

The Canadian dollar was mixed today, falling against the US dollar, rising versus the euro and staying flat against the Japanese yen. The Canadian dollar showed no clear trend during Friday’s…

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