A downbeat assessment by the European Central Bank is presumed to continue weakening the Euro today opposite the US dollar. In its final monetary policy meeting this year, the ECB admitted that it considered an interest rate...
The disappointing Spanish auction and economic figures led to the decline of the Euro versus the Great British pound in yesterday’s European trading exchanges.
The New Zealand dollar is foreseen to weaken opposite the US dollar today as a deteriorating outlook for Australia, its largest trading partner, is likewise seen to dampen prospects for the domestic economy.
Capital Spending in Japan plunged to 2.2 percent in Q3 from the 3.7 percent forecast and the 7.7 percent reading in Q2. The fall of the nation’s Core CPIs for a sixth straight month in the year...
The Euro is foreseen to gain opposite the US dollar today on views that efforts to resolve the lingering debt turmoil are gaining ground.
In the previous European trading session, the Euro won versus the Great British pound as hopes over a Greek debt deal turned to doubts, prompting investors to sell the former in favor of the latter.
With market elation over a Greek debt agreement, risk sentiment is anticipated to push the Canadian dollar to further gains opposite its currency neighbor, US dollar.
More expansionary wording of the bank’s price outlook released at its Oct. 30 meeting was voted by two new members of the Bank of Japan’s nine-member Policy Board.
The New Zealand dollar is seen to benefit from risk-on trades today as optimism over holiday sales in the US and a Greek aid package is deemed to buoy market sentiment.
The Japanese yen came under pressure in the previous Asian trading exchanges on growing speculations that a potential change in the Japanese administration would force the Bank of Japan (BOJ) to implement more aggressive economic measures to...
