Euro is finding some support today, and the financial markets are finding a little bit of risk appetite, as eurozone politics take center stage. The unlikely support comes as Irish officials try to sway voters to accept the European Union‘s fiscal treaty, and as Germany continues to insist on austerity measures for embattled eurozone countries. Many had expected some of this upheaval to weigh on the euro. April was the euro’s worst month against the US … “Euro Finds Support from Political Efforts”
Month: May 2012
Aussie Edges Down as RBA Cuts Main Rate More Than Expected
The Australian dollar dipped today as the Reserve Bank of Australia cut its key cash rate more than analysts anticipated. The decrease of the rate was expected and perhaps priced in, but the scope of the cut took traders by surprise. The RBA slashed its main interest rate by 50 basis points to 3.75 percent today. Most experts interest rate. Bank’s Governor Glenn Stevens said in the statement after the decision: Since it … “Aussie Edges Down as RBA Cuts Main Rate More Than Expected”
USD/CHF: Trading Swiss Retail Sales May 2012
Swiss Retail Sales is considered one of the most important indicator of consumer spending. The indicator’s release early this month provides analysts and traders with an early look at consumer spending. A reading that is higher than the market forecast is bearish for the US dollar. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Wednesday … “USD/CHF: Trading Swiss Retail Sales May 2012”
NZ Dollar Down as Trade Surplus Shrinks
The New Zealand dollar fell yesterday and extended its decline today. New Zealand’s traded surplus unexpectedly shrank in March, adding to the negative market sentiment that sent the nation’s currency down. New Zealand exports declined NZ$400 million in March compared to the same period a year ago, while import rose NZ$48 million, resulting in a trade surplus of NZ$134 million. That is compared to the February surplus of NZ$202 million and the expected … “NZ Dollar Down as Trade Surplus Shrinks”