Economy News - FX Trading

Sat 23 Sep 2017
FX Trading

Economy News

Latest 10 news items tagged Economy

Dollar down ahead of Fed meeting31 Jul at 9 AM 2013

The dollar has dropped against the euro as investors and analysts expect the Federal Reserve to continue its loose monetary policy. Recently the greenback rallied because Fed chairman Ben Bernanke suggested that quantitative easing could be reined in on the back of positive growth in the US economy. However, second quarter gross domestic product figures are expected to be softer than first quarter data. If this proves to be the case then the US central bank is likely to keep interest rates down. This will make the greenback less...

US dollar in the doldrums24 Jul at 9 AM 2013

A basket of major currencies has been given a boost as the US dollar remains weak. However, just how weak the greenback remains will depend of Chinese data due to be published today. If the second biggest economy on the planet shows disappointing growth, investors are likely to return to the dollar for comfort. The euro has been given some reprieve and has managed to rise as high as $1.3239, its highest level since 21 June. The dollar continues to struggle to climb above the 100 yen barrier, but the single currency is performing well...

Dollar remains strong as pound flounders10 Jul at 10 AM 2013

The US dollar is performing well against a basket of other leading currencies. The strength of the greenback has been aided by a drop in the value of the euro and sterling as the Bank of England and the European Central Bank look like keeping a loose money policy in place for some time to come. Although the ECB has said his comments were not meant to be taken as a forecast, Joerg Asmussen’s statement that interest rates are likely to remain at a low for at least another year sent jitters through the markets. The single currency...

Dollar expected to strengthen against positive jobs data3 Jul at 9 AM 2013

The release of jobs statistics on Friday will be closely watched by analysts as positive figures will support the Federal Reserve’s decision to look at wrapping up its stimulus programme. Anticipation that the figures will be encouraging has helped boost the strength of the dollar. The greenback was most recently up against the yen by 0.1 per cent at 100.72 yen. The dollar also strengthened by 0.98per cent against its Australian rival to 0.916. The Aussie dollar has lost around 10 per cent since April as the Reserve Bank of Australia...

Dollar strengthens against yen and euro26 Jun at 9 AM 2013

The US dollar has rallied against both the yen and the euro after earlier losses. The greenback has benefitted from economic data that supports the Federal Reserve’s decision to look at pulling in its policy of money printing as early as this year. The central bank has been buying bonds in an attempt to boost the economy but Fed chief Ben Bernanke said if the figures remain firm this could be slowed before the end of this year. The Commerce Department said durable goods orders were up by a better than anticipated 3.6 per cent...

Yen drops against US dollar19 Jun at 9 AM 2013

The yen fell against the US dollar for the second session in a row as some investors expect the Federal Reserve to announce that it intends to bring its economy boosting policy of bond buying to an early close. The euro has also been helped to its highest level in nearly four months after investor and analyst sentiment in Germany rose in June indicating modest recovery. The Fed has been holding a two-day policy meeting and Chairman Ben Bernanke is due to make an announcement later today. Although some believe asset purchases will be...

US dollar recovers against the yen12 Jun at 9 AM 2013

The US dollar has managed to regain some ground against the yen after tumbling to its lowest level against the Japanese currency in three years. The fall came after the Bank of Japan revealed it was not currently planning to introduce any new monetary stimulus measures. Having previously sunk as low as 95.60 the dollar clawed itself back to 96.77, a bounce of 0.8 per cent. The euro also managed to regain some ground by rising 0.7 per cent to end at 128.76 yen. Many investors had expected the BoJ to announce an extension of its easy...

New Zealand dollar down against the greenback8 May at 9 AM 2013

The New Zealand dollar has dropped against its US counterpart ahead of an announcement due to be made by the Reserve Bank of New Zealand later. Although nobody expects the central bank to declare an interest rate cut, concerns have already been voiced about the current strength of the Kiwi dollar. The currency is currently trading at 0.8379, a fall of 0.95 per cent. Although the RBNZ has so far avoided entering into quantitative easing to push down the value of the Kiwi, the strength of the dollar is having an impact on the country’s...

Euro dips slightly against the dollar1 May at 9 AM 2013

A meeting this week at the European Central Bank could result in a cut in interest rates in order to boost the economy. The International Monetary Fund is asking the central bank to drop the rate from its current level of 0.75 per cent as many countries in the bloc continue to struggle. The euro has dipped slightly against the US dollar as a result and is presently trading down 0.2 per cent at $1.3164. However, the greenback is also suffering because of a raft of negative economic data coming out of the US. Although productivity...

Aussie dollar takes a tumble24 Apr at 9 AM 2013

The value of the Australian dollar has been hit by news that factory output in China shrank in April because of fewer export orders. As well as being an indication that the global economy is suffering, China is Australia’s largest trading partner. The Aussie has dropped to a six-month low of $1.0221. The Australian currency has also dipped to 100.98, a slide of 0.9 per cent. The yen has managed a slight rally against most other major currencies. The dollar fell 0.6 per cent to 98.71 yen. However, most analysts believe that a strict...