Day: April 18, 2016

April 18
2016

Euro Finds Support in Forex Trading

Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism. It’s been some time since many people thought about Greece, but the embattled country is back in the news. This time, it’s due to the fact that Greece might be close to reaching […]

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April 18
2016

Russian Ruble Sinks After Doha Meeting Failure

The Russian ruble dropped today as the meeting of major oil-producing countries in Doha failed to bring an agreement on freezing oil production. Major oil producers were meeting in Doha, Qatar, to discuss an output cap as a measure to support oil prices. Many experts were skeptical about the possibility of a deal, and as it turned out they were right. The lack of freeze hurt commodity-related currencies (though some of them were lucky enough to escape losses), […]

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April 18
2016

UK Pound Loses Ground After Recent Gains

UK pound is losing ground again after recent gains. Sterling is heading mostly lower against its major counterparts as excitement over recent inflation data fades and as the EU referendum once again dominates the spotlight. Earlier, the sterling was doing well in currency trading on the FX market, making some gains. The recent inflation report, while not providing a huge amount of support, at least offered a boost. Most […]

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April 18
2016

NZ Dollar Rises as Inflation Surprises Positively

The New Zealand dollar rose today as nation’s inflation surprised economists positively, rising above market expectations. The New Zealand Consumer Price Index rose 0.2% in the March quarter of this year. This is compared to the predicted increase by 0.1% and the drop by 0.5% registered in the December quarter of the last year. The positive data led to speculations that the Reserve Bank of New Zealand will not slash interest rates again after the surprise […]

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