Day: January 20, 2016

January 20
2016

EUR/USD Misses Opportunity to Rally

EUR/USD was attempting to rally today as economic data released from the United States over the current trading session was not particularly great. Yet the currency pair has backed off and trades close to the opening level as of now. Housing starts slipped to the seasonally adjusted annual rate of 1.15 million in December from November’s 1.18 million while experts have predicted them to stay little changed. Building permits were […]

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January 20
2016

NZ Dollar Bounces from Daily Lows

The New Zealand was down earlier during the Wednesday’s trading session but rebounded against its major rivals. Currently, the kiwi trades above the opening level against the US dollar and the euro. Yesterday’s New Zealand data was detrimental to the currency as GDT Price Index dropped 1.4 percent while the nation’s Consumer Price Index dropped 0.5 percent in the fourth quarter of 2015. Today’s data was more favorable as the Business […]

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January 20
2016

Canadian Dollar Bounces from 12-Year Low vs. US Dollar

The Canadian dollar rallied today after the Bank of Canada made a surprise decision to keep interest rates unchanged instead of cutting them as the majority of analysts had predicted. Earlier, the currency reached the lowest level in 12 years against the US dollar before bouncing higher. The BoC kept interest rates on hold, announcing: All things considered, therefore, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge […]

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January 20
2016

Euro Turns Lower Ahead of Next ECB Meeting

Euro has turned lower today, ahead of the next ECB meeting taking place tomorrow. Even though eurozone inflation is higher, it isn’t meeting expectations, and there is some speculation that policymakers will have to make up for the disappointing showing in December. Eurozone inflation figures are in, with a year over year rise of 0.2 per cent for the month of December. The news was greeted with mixed results, […]

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January 20
2016

Yuan Lower vs. Dollar as Fears Return to Forex Market

The Chinese yuan fell against the US dollar today as China’s stock markets resumed their decline, reigniting fears about economic slowdown in the world’s second biggest economy that can hurt the global economy as well. The Shanghai Stock Exchange Composite Index resumed its decline, falling 1 percent today. Yesterday’s economic data from China was largely in line with expectations but some reports were a bit […]

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January 20
2016

Pound Mixed After UK Employment Data

The Great Britain pound was flat versus the US dollar and the euro while falling versus the Japanese yen today following the release of mixed employment data from the United Kingdom. The number of claims for unemployment benefits fell by 4,300 in December to the lowest level since March 2008. The unemployment rate unexpectedly slipped by 0.1 percentage point to 5.1 percent in the period from September to November — the lowest since January 2006. A somewhat negative […]

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