Day: September 26, 2014

September 26
2014

Yen Drops After Inflation Data

Japanese yen is lower against its major counterparts following the release of the latest inflation data. The Japanese economy continues to struggle, and that means that policymakers are likely to continue to pursue a course that includes keeping the yen weak. Prior to the release of Japanese inflation figures, the yen had been making some headway against its major counterparts. Yen had gained a little bit, but the release of the inflation figures […]

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September 26
2014

Loonie Tries to Make Up Lost Ground

Canadian dollar tumbled yesterday, falling all the way below the 90 cent level against the US dollar, due to expectations for the global economy and to policy divergence with the greenback. Today, the loonie is trying to eke out gains against its major counterparts. Loonie is expected to see some degree of weakness against the US dollar and other major counterparts in coming weeks. Thanks to the fact that global stock markets are […]

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September 26
2014

Dollar Is Gaining on Strong GDP Numbers

The US dollar returned to its rally versus the single eurozone currency today following the third estimate report on Q2 GDP in the United States. A minor update on the consumer sentiment index did not bother the EUR/USD pair much — it continued to move down. US GDP rose at an annualized rate of 4.6% in the second quarter of 2014 according to the third estimate report. The value from the second estimate report has been upwardly revised […]

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