- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: July 3, 2015
July 32015
Canadian Dollar Follows Crude Oil in Slump
The Canadian dollar dropped against other major currencies during Friday’s trading. Unlike in the case of the Great Britain pound, the reason for the drop was rather obvious — the big slump of crude oil prices. Both West Texas Intermediate and Brent grades of crude sank more than 2 percent on Friday. The reason for the drop was concerns about oversupply on the market. The unexpected growth of the US crude oil inventories last week, the first […]
Read more
July 32015
Pound Ends Friday with Losses, Erasing Earlier Rally
The Great Britain pound dropped by the end of Friday’s trading following the rally earlier during the session. The rally was caused by the better-than-expected data about the UK services sector. The Markit/CIPS UK Services PMI climbed to 58.5 in June after hitting the five-month low of 56.5 in May. The actual reading was above the median analysts’ forecast of 57.4. The sterling had gained on the data initially but has lost its gains afterwards. It was […]
Read more
July 32015
Aussie Sinks to Lowest Since 2009
The Australian dollar sank today, reaching the weakest rate since May 2009 against its US counterpart. The drop followed disappointing Australian retail sales and bad news from China — Australia’s biggest trading partner. Australian retail sales grew 0.3 percent in May from April but failed to meet the market expectations of 0.5 percent growth. Meanwhile, the HSBC China Services Business Activity Index dipped to 51.8 […]
Read more
July 32015
Swedish Krona Bounces After Thursday’ s Drop
The Swedish krona bounced today following yesterday’s drop by 1 percent. The decline followed the surprise decision of the nation’s central bank to cut its repo rate even deeper into negative territory. The Riksbank reduced its main interest rate by 10 basis points to -0.35 percent and extended bond purchases by a further SEK 45 billion. The central bank stated that the extremely loose monetary policy had its effects on the economy, […]
Read more