Day: July 4, 2014

July 4
2014

Australian Dollar Halts Drop, Struggles to Rally

The Australian dollar halted its two-day drop today but has hard time carving out gains as domestic fundamentals are still dragging the currency down. The Aussie was heading to a weekly loss versus its US counterpart. The Australian dollar was not able to join the rally of other higher-yielding currencies as domestic factors remained negative for the currency. The Aussie’s attractiveness was hurt by poor Australia’s economic indicators and comments from […]

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July 4
2014

Malaysian Ringgit Profits from Signs of Growth in USA & China

The Malaysian ringgit rallied together with other Asian currencies today as signs of economic growth in the United States and China, two biggest world economies, increased risk appetite among Forex market participants. It turned out that good employment data from the USA had an unexpectedly positive impact not only on the currency of one of the US major trading partners but on other risky currencies as well. The ringgit was one […]

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July 4
2014

Euro Lower Pretty Much Across the Board

Euro is lower pretty much across the board today, heading down as Forex traders consider policy divergence and whether or not the periphery countries will be able to sustainably move out debt. Even though trading is relatively light today, thanks to the Independence Day holiday in the United States, there is still some movement. Right now, most of the euro’s movement is lower. Many Forex traders are […]

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July 4
2014

Economic Data Helps Pound Against Euro

The pound may be retreating a bit against some of its counterparts, but sterling is seeing solid support against the euro today. Thanks to the latest round of economic data, pound is gaining against the euro, even though it is down against currencies like the yen and the dollar. A round of positive data gave the pound a bit of a boost yesterday, and today the sterling is still seeing some help from that […]

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July 4
2014

Positive US Employment Data Leads to Massive Gains for CAD

Very good employment data from the United States fueled the strength of the US currency but it also led to massive gains of the Canadian dollar yesterday, which the loonie managed to maintain today. Recently, it was usual for positive data from the USA to boost greenback and drive riskier commodity currencies down. Yet the loonie is in a different position that most other currencies as the United States are the major trading partner […]

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