Day: October 13, 2015

October 13
2015

Short-Term Outlook for US Dollar

The holiday period in the United States has ended, and economic data from the USA will be released to the markets again. Let us see what factors will be affecting the US dollar over the next few days and what can be expected by traders from the US currency. There will be several important reports released during this trading week. Among them retail sales data, jobless claims […]

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October 13
2015

Canadian Dollar Follows Crude Oil in Decline Yet Again

The Canadian dollar yet again followed crude oil price in decline. Yet the currency’s losses were not big as the decline of oil was limited itself. Crude oil extended yesterday’s decline today due to persisting concerns about oversupply on the market. Bad economic data from China was not helping the commodity either. It is not surprising that under such circumstances crude dropped, dragging the loonie down […]

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October 13
2015

Dollar Mixed in Tuesday’s Trading

The US dollar demonstrated a mixed performance during Tuesday’s trading. The currency slid against some majors, like the euro and the Japanese yen, but gained on the Great Britain and was firm versus commodity currencies. The dollar got limited support from risk aversion caused by poor Chinese trading data, allowing the currency to gain against its growth-related counterparts. Meanwhile, falling consumer prices in Britain drove the sterling down against the greenback. […]

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October 13
2015

Euro Gains Ground Despite Draghi’s Willingness to Ease

After some struggles yesterday, the euro is gaining ground again, rising against most of its major counterparts. Even though ECB President Mario Draghi continues to say he’s willing to ease monetary policy further, the euro is currently heading higher — and it’s 1.8 per cent higher against the dollar. Even though the euro has periods of struggle against its major counterparts, particularly the US dollar, the 19-nation […]

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October 13
2015

Britain’s Pound Hit Hard by Deflation

The Great Britain pound was hit hard by today’s inflation data. Britain’s consumer prices went into deflation territory last month even though analysts had promised them to stay almost unchanged. Office for National Statistic reported today that UK consumer prices fell 0.1 percent in September from a year ago after showing no change in August. Most other indicators released from the United Kingdom […]

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October 13
2015

China’s Trade Data Weighs on Aussie

The Australian dollar halted its impressive rally today, falling 1 percent against the Japanese yen, after the release of China’s trade data. Positive domestic data was unable to aid the Australian currency. China’s imports sank 17.7 percent in September from a year ago, worse than market participants had anticipated. The Asian nation is the biggest trading partner of Australia, making its economic performance have a big impact […]

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