Day: June 29, 2016

June 29
2016

EUR/USD Rises for Third Day in Row

EUR/USD rose for the third consecutive day during the current trading session, though the rally was nowhere near being enough to erase the Friday’s huge drop. Markets continue to calm down as they digest the result of Britain’s referendum. While market participants feel less anxious, the future remains uncertain, and that may cause traders to stick to safe currencies. The problem for the dollar is that it has lost its appeal due […]

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June 29
2016

Gains of Turkish Lira Limited by Terrorist Attack

The Turkish lira rose against the US dollar together with other currencies but the gains were limited due to the terrorist attack in Istanbul. Most riskier currencies were rising against the dollar today. While the lira was among them, it was hurt by the attack on Istanbul’s Ataturk airport that has left at least 41 people dead. The most likely culprit was the Islamic State, though it did not […]

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June 29
2016

Aussie Moves Higher for Second Day

The Australian dollar continued to move higher, rising for the second consecutive session today, as markets were calming down after Britain’s referendum. Global stocks and crude oil were rising during Wednesday’s session as Brexit fears were waning. This led to the rally of growth-linked currencies. Experts said that one of the reasons for the improving sentiment was the outlook for a delayed interest rate hike from the Federal Reserve (and some analysts even talk […]

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