Tuesday, October 20, 2015

Greenback making a come back - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the recent activity across the market and noted that the American dollar ended the day with some tepid gains across the board.

Key Quotes:

"In a quiet Monday, low volumes were the theme of the day across the forex board."

"Asian stocks closed in the red, as Chinese data, which resulted mixed, failed to spook the ghost of a steady economic slowdown.

Read GDP in China grew 6.9% from a year earlier in QE, whilst the industrial sector continued to weaken, as October Industrial Production in October came out at 5.7% yearly basis, below the 6.0% expected and the previous 6.1%. There were no fundamental releases in Europe, although ECB's Nowotny once again hit the wires, saying that the EU may need to become more expansive, to secure economic growth."
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