The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback. The Federal Open Market Committee will begin a meeting that will last two days tomorrow. Policymakers will decide whether adjustments to the monetary policy are required to maintain the health of the US … “US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting”
Author: admin_mm
Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum
The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend. The eurozone consumer inflation in August was finalized at 1.5%, up from 1.3% in July. It was the same as in the preliminary estimate and the median forecast. The euro continued to rise after the data, but the currency may yet be … “Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum”
Pound Starts Week Mixed as Traders Wait for Carney
The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen. The Bank of England surprised market participants last week, signaling that an interest rate hike may be near. Now, traders wait for the speech of BoE Governor Mark Carney in Washington scheduled for 15:00 GMT today, hoping to hear additional information about … “Pound Starts Week Mixed as Traders Wait for Carney”
Top 4 Most Evolutionary ICO Campaigns
Initial Coin Offerings (ICO’s), the cryptocurrency version of an IPO, are increasingly becoming a popular way for new cryptocurrency projects to raise funds. With cryptocurrencies disrupting something as entrenched and fundamental as currency use, the interest is even more fevered. Add to that, the current proliferation of new cryptocurrencies for every conceivable market segment, and … “Top 4 Most Evolutionary ICO Campaigns”
Top 4 Most Evolutionary ICO Campaigns
Initial Coin Offerings (ICO’s), the cryptocurrency version of an IPO, are increasingly becoming a popular way for new cryptocurrency projects to raise funds. With cryptocurrencies disrupting something as entrenched and fundamental as currency use, the interest is even more fevered. Add to that, the current proliferation of new cryptocurrencies for every conceivable market segment, and … “Top 4 Most Evolutionary ICO Campaigns”
Amazing Performance of Pound Caused by Interest Hike Speculations
The Great Britain pound surged during the past trading week, propelled by interest rate hike speculations. Meanwhile, safe currencies found little demand as risk appetite came to the market. The Bank of England kept its monetary policy unchanged at this week’s policy meeting as was expected. Yet the central bank still managed to surprise market participants, signaling that an interest rate hike may happen sooner than most speculators … “Amazing Performance of Pound Caused by Interest Hike Speculations”
Euro Mixed, Prospects for QE Tapering Stay in Place
The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations. Peter Praet, European Central Bank chief economist and an Executive Board member, voiced his opinion earlier this week that monetary stimulus should stay in place. He argued that the current strong economic … “Euro Mixed, Prospects for QE Tapering Stay in Place”
US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates
The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week. US consumers were reluctant to spend more in August, which caused a 0.2% drop in retail sales as was reported today by the US Census Bureau. Analysts forecasted … “US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates”
GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments
The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech on ‘real interest rates and risks‘ and published by Reuters. The currency pair rallied by over 200 points after Vlieghe’s comments to extend yesterday’s rally, which was triggered by the hawkish tone in the BoE minutes. The pair’s rally was mainly triggered … “GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments”
NZ Dollar Gains as Manufacturing Continues to Expand
The New Zealand dollar gained today as domestic data revealed that the New Zealand manufacturing sector continued to expand with accelerating pace last month. The seasonally adjusted BusinessNZ Performance of Manufacturing Index climbed from 55.5 to 57.9 in August. The reading above 50.0 indicates that the sector is expanding, and it was doing so since October 2012. The New Zealand dollar reacted positively to the news, while ignored, as many … “NZ Dollar Gains as Manufacturing Continues to Expand”