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Day: August 26, 2015
August 262015
Canadian Dollar Struggles to Regain Some Lost Ground
Canadian dollar is heading a little higher today, struggling to regain some lost ground after hitting lows not seen since 2004. Loonie is a little higher today against most of its major counterparts, and hoping to eke out more gains. However, with global uncertainty weighing on high beta currencies, and with oil prices remaining low, there isn’t a lot of support for the Canadian dollar. Yesterday, for the first […]
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August 262015
EUR/USD Extends Reversal Move
EUR/USD extended its Tuesday’s move down that followed the big surge on Monday. Markets calmed down a bit after China took measures to support its slowing economy and to mitigate the negative impact of sinking Chinese shares. Durable goods orders rose 2.0% in July. That is compared to the June’s revised growth of 4.1%. Forecasters have totally missed the mark, promising a drop by 0.4%. (Event A on the chart.) Crude oil inventories […]
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