Aussie Declines as the RBA Expects GDP to Shrink Sharply in Q3
The AUDUSD currency pair fell 0.0023, or 0.31%, to 0.7345 on Tuesday, September 14, from 0.7367 the preceding trading period, as the Reserve Bank of Australia (RBA) maintained the cash rate largely untouched at a historic low of 0.1% during
Read MorePound Weakens as Global Financial Market Sentiment Deteriorates
A sharp downturn in global market mood prior to the weekend fueled demand for safe-haven assets at the cost of the British pound. The Pound had been rising versus the Euro and the Dollar, but reports that the US will
Read MoreRussian Ruble Likely to Hit 75.76 Against Greenback as Rate Hike Misses Expectations
The Central Bank of Russia increased its benchmark interest rate by 25 basis points to 6.75%, despite market expectations for a larger 50 basis point increase, stating that the balance of threats for inflation is sloped to the plus side
Read MoreEurodollar Declines to $1.18 as Investors Await ECB Policy Meeting
The euro dollar fell to $1.18 after climbing over $1.19 for the foremost time after June 30th. ingnvestors are waiting for the European Central Bank’s policy meeting tomorrow to see if the bank will start reducing its bond-buying initiative after
Read MoreEuro Hits 2-Month High on Calls for Tapering Bond Purchases by ECB Governing Council Member
Friday’s lackluster US employment data helped the euro rise over $1.19 for the foremost time since June 30th. In addition, there are indications that the European Central Bank may begin discussing reducing its extraordinary bond-buying program. Inflation in the eurozone
Read MoreCanadian Dollar Under Selling Pressure as Economy Continues to Slide
The Canadian Dollar fell to the bottom of the main currency performance chart on Tuesday, boosting GBP/CAD and USD/CAD in the way, as Statistics Canada indicated that the economy disappointed growth forecasts in the previous quarter and also at the
Read MoreNew Zealand Dollar Rebounds as Market Shifts to Risk-On Sentiment
The Kiwi dollar gained ground Friday to hit $0.70, from $0.68 in early August as investors swirled away from the greenback after the Fed Chair Powell asserted that a decline in bond purchases will not result in a simultaneous rise
Read MoreRussian Ruble Strengthens On Crude Recovery & Rate Hike
The Russian ruble strengthened over the 74 mark versus the US dollar, aided by a rebound in crude prices and a significant rise in the central bank’s benchmark rate in July. After a 7.7% drop last week, reflecting the worst
Read MoreSwedish Krona Hits 11/2-yr Low Despite Manufacturers’ Confidence Hitting Record High
The Swedish krona hit a one-and-a-half-year low despite the release of a series of upbeat data for July. Specifically, the country’s industry confidence has hit a record high in July as manufacturer’s sentiment made a new historical high. The second-quarter
Read MoreUS Dollar Strengthens on Hints of Policy Tightening by FOMC Minutes
The US dollar index was changing hands at about 93.43 against a bouquet of currencies on Thursday, up from 93.1 in the previous session and floating near its peak point since the final week of March, after minutes from the
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