Day: March 31, 2016

March 31
2016

EUR/USD Touches Highest Level Since October

EUR/USD extended its rally to the fourth consecutive day, rising to the highest level since October 15. The unexpected increase of jobless claims makes it even harder for the dollar to halt its decline versus the euro. The US currency firmed a bit after the big jump of the Chicago Business Barometer but the greenback still remains very vulnerable. Seasonally adjusted initial jobless claims climbed to 276k last week from 265k the week […]

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March 31
2016

Euro Gains on Major Rivals, Falls vs. Swiss Franc

The euro gained on the US dollar as well as against other most-liquid currencies during the Thursday’s trading session. The notable exception was the Swiss franc, against which the shared 19-nation currency declined. The eurozone inflation ticked to -0.1% in March (year-on-year) up from -0.2% in February. What is even better, core annual inflation was at 1.0%, exceeding analysts’ expectations. Other economic data released from the eurozone over the session was […]

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March 31
2016

Canadian Dollar Fails to Maintain Rally vs. US Dollar

The Canadian dollar attempted to rally against its US rival during the current trading session but has failed and is trading near the opening level right now. The currency was also flat against the Japanese yen but fell versus the euro. Canada’s gross domestic product demonstrated growth by 0.6% in January, two times the rate of growth that had been forecast by analysts. GDP expanded by just 0.2% in the previous […]

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March 31
2016

NZ Dollar Bounces After Drop, Struggles to Rise Above Opening Rate

The New Zealand dollar bounced after falling against the US dollar and the Japanese yen earlier today but was unable to rally so far. The business confidence report released on Thursday was not helpful to the currency. The ANZ Business Confidence dropped from 7.1 in February to 3.2 in March. The report said that “business confidence continues to wane” but “firms are more optimistic about prospects for their own business and this […]

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March 31
2016

Pound Stable After Mixed Data

The Great Britain pound was little changed today as Thursday’s economic data released from the United Kingdom was mixed, allowing the currency to stabilize after the earlier drop but not providing enough support to initiate a rally. On the positive side, growth of UK gross domestic product in the fourth quarter of 2015 was finalized at 0.6%, a bit higher than the preliminary reading of 0.5%. On the negative side, the current account deficit widened to £32.7 […]

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