Day: August 30, 2016

August 30
2016

EUR/USD Down as Dollar Retains Strength

EUR/USD fell today as the dollar continued to be firm after hawkish comments from Federal Reserve officials. Economic data released from the United States at the start of the week was solid, supporting the view that the Fed will act soon, raising interest rates. S&P/Case-Shiller home price index rose 5.1% in June (year-over-year), matching specialists’ expectations. The index climbed 1.7% month-on-month. (Event A on the chart.) Consumer confidence climbed from […]

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August 30
2016

Falling Oil Prices Continue to Weigh on Canadian Dollar

Falling oil prices are weighing on the Canadian dollar again. With economic data still a little lackluster for Canada, and a housing bubble still threatening, there isn’t a lot to support the loonie right now. As a result, the Canadian dollar is lower against many of its major counterparts. Oil prices are putting a squeeze on the Canadian economy. With oil prices falling again, and with oil prices down over the long term, […]

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August 30
2016

Euro Mostly Stuck in Forex Trading

Euro is mostly stuck today, trading rangebound. Euro is mainly lower against its counterparts in Forex trading, although there are some small gains against some of the euro’s trading partners. For the most part, euro’s performance is in wait and see mode as traders await the next round of US data and the ECB interest rate decision next week. Euro is trading mostly rangebound today, logging small […]

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