Day: June 30, 2015

June 30
2015

GBP Lower vs. USD & JPY, Higher vs. EUR After Mixed Data

The Great Britain pound edged a little lower against the US dollar and the Japanese yen but gained on the euro today after the release of macroeconomic data from the United Kingdom. The reports were mixed, providing no clear direction for the currency. Britain’s gross domestic product rose 0.4 percent in the first quarter of this year according to the final revision, up 0.1 percent from the previous estimate. Most analysts were counting on exactly […]

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June 30
2015

EUR/USD Remains Under Pressure from Greek Problems

EUR/USD declined today as Greece requested a new bailout from the European Stability Mechanism. The currency pair attempted to rebound after the disappointing US economic reports but retreated following the release of the better-than-expected consumer confidence index. S&P/Case-Shiller home price index rose 2.0% in April from a month ago and 4.9% on a year-over-year basis. The annual growth was smaller than the predicted 5.3% and the March’s increase of 5.0%. (Event A on the chart.) Chicago PMI […]

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June 30
2015

Canadian Dollar Sinks with Oil Prices

The Canadian dollar sank yesterday and retained its losses today due to the drop of crude oil prices. Crude declined as the complicated situation with Greece deterred traders from buying commodities. West Texas Intermediate grade of crude oil (US benchmark grade) continues to trade below the $60 level. Prices were under pressure from the risk-averse sentiment on the market caused by Greece. Oversupply is also a concern, especially considering the possibility […]

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