Day: November 17, 2015

November 17
2015

EUR/USD Drops Below 1.07 on Paris, Policy Divergence

Euro continues to fall against its major counterparts as more analysts and traders expect to see additional easing from the ECB. Also weighing on the 19-nation currency is the aftermath of the attacks in Paris. EUR/USD is heading lower today, dropping below the 1.07 level. There is speculation that parity might not be too far off for the euro and the dollar. The 19-nation currency is also struggling against its other major […]

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November 17
2015

Australian Dollar Gains as Risk Aversion Subsides

The Australian dollar rose today, erasing yesterday’s losses against the US dollar and gaining for the fifth straight session versus the Japanese yen. It looks like risk aversion caused by the events in France has subsided, making high-beta currencies attractive yet again. Today, the Reserve Bank of Australia released minutes of its latest policy meeting. While the notes said that “the forecast for the Australian economy remained for growth to strengthen gradually over […]

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November 17
2015

Pound Bounces After UK Inflation Data

The Great Britain pound was falling at the start of today’s trading session but bounced after the release of inflation data, rising above the opening level. Britain’s Consumer Price Index fell 0.1 percent in October from a year ago, the same as in September and in line with expectations. Yet the core components of the indicator actually climbed 1.1 percent. It is important to note that the Bank of England pays more attention to the main number, […]

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