Japanese yen is mostly lower again, following a brief surge earlier. Thanks to a temporary demand for safe haven assets, as well as stop-loss order executions earlier, the yen saw a brief surge. Now, though, the yen is settling down, and is mostly lower. Earlier, the yen saw some rather dramatic gains. Part of it was due to safe haven demand. It appears that matters are spiraling out […]
Read moreCanadian dollar is heading a little higher this week, gaining ground against European counterparts, thanks in large part to the latest trade surplus data. With the Canadian dollar looking for gains related to its economic recovery, and with Europe suffering from economic difficulties and geopolitical uncertainty, it’s no surprise the loonie is gaining. The latest trade data from Canada showed a surplus of C$1.86 billion in the month of June. Canada […]
Read moreEUR/USD declined somewhat today and also demonstrated a short-lived burst of volatility following a weekly release on the situation with the US unemployment. The currency pair managed to recover some of its losses after that. Initial jobless claims fell from 302k to 289k during the last week, while a growth to 304k was expected. (Event A on the chart.) US consumer credit dropped from $19.6 billion in May to $17.3 billion in June. It was […]
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