Day: November 26, 2013

November 26
2013

Canadian Dollar Struggles on Oil Fluctuations

Canadian dollar is lower today, struggling as oil fluctuations cause difficulty. Oil is slightly higher right now, but earlier there were losses and a certain amount of see-sawing after the nuclear deal was reached with Iran. For now, the loonie is just mostly lower against its major counterparts. Oil, Canada’s biggest natural resource, was fluctuating earlier today, after heading lower. The deal reached […]

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November 26
2013

Euro Logs Gains Against Major Counterparts

Euro is heading higher today, logging gains against its major counterparts. Forex traders are waiting for speeches from ECB Executive Board members, and there is also anticipation for inflation numbers set to be released on Friday. Clues about where the euro could be headed next are likely coming. Right now, there is a lot interest in consolidating for the end of the month, as well as trying to figure out […]

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November 26
2013

Indonesian Rupiah Drops After Failed Debt Auction

The Indonesian rupiah dropped today after the nation’s debt auction failed and as investors were selling Indonesian assets. Indonesia sold $190 million of bonds yesterday, trailing the $450 million target. It is not a good sign for the country’s economy. The rupiah was also under pressure from anticipation of stimulus tampering by the US Federal Reserve. USD/IDR went up from 11,745 to 11,765 as of 11:02 GMT today. If you have any […]

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November 26
2013

Rally of Australian Dollar Fails

The Australian dollar was rising at the start of today’s trading session, but the rally failed and the currency is trading below the opening level right now. Reserve Bank of Australia Deputy Governor Philip Lowe said today: We don’t rule intervention in or out, that’s been a long-standing practice. In the past, we have been prepared to intervene in the currency market when it’s clear the currency was misaligned or the market wasn’t working well. […]

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November 26
2013

EUR/USD Reverses Losses on Poor US Consumer Confidence

EUR/USD was falling today, dragged down by positive housing reports from the United States, but rebounded after data showed that US consumer confidence continued to worsen. Building permits were at the seasonally adjusted annual rate of 1,034k in October, rising from the 974k September level. A drop to 940k was expected by analysts. The September data was released just today because of the government shutdown in October. Moreover, the housing starts […]

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