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Day: July 17, 2015
July 172015
Canada’s CPI Supportive for Loonie
The Canadian dollar fell a bit against the US dollar and the Japanese yen but rallied versus the euro during the Friday’s trading session. Macroeconomic data released from Canada today was largely positive for the currency. Canada’s Consumer Price Index rose 0.2 percent in June (not seasonally adjusted), matching forecasts exactly. What was even better, the core component of the index was unchanged versus the small drop by 0.1 percent […]
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July 172015
Dollar Heads to Biggest Weekly Rally Since May vs. Euro
The US dollar gained on the euro today but was flat versus the Great Britain pound and the Japanese yen. Still, the currency was at the highest level in more than a month against the basket of other major currencies and was heading to the biggest weekly gains against the euro since May. Today’s economic reports from the United States were mostly supportive for the dollar, particularly the housing data, which showed that both housing starts […]
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July 172015
EUR/USD Heads to Biggest Weekly Loss Since May
EUR/USD attempted to rally today but failed to keep gains after upbeat US economic data. The unexpectedly poor consumer sentiment index did not help the currency pair much. In fact, the dollar was heading to the biggest weekly gains against the euro since May. Housing starts and building permits rose in June. Housing starts increased to the seasonally adjusted annual rate of 1.17 million from the revised 1.07 million in May. […]
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