Day: September 27, 2016

September 27
2016

EUR/USD Ends Four-Day Rally

EUR/USD fell today, declining for the first day in five. One of the major reason for this was the general consensus that Hillary Clinton won the Monday’s presidential debate with Donald Trump, and that was considered a positive outcome for the dollar. Tuesday’s economic data from the United States also benefited the US currency, being strong for the most part (with the exception of the manufacturing index). S&P/Case-Shiller home price index rose 5.0% in July […]

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September 27
2016

Brazilian Real Gains vs. US Dollar During Tuesday’s Trading

The Brazilian real rose against the US dollar today even though experts are expecting that the Central Bank of Brazil is going to cut interest rates in October. The central bank predicted in its inflation report that inflation will fall below the target 4.5% in 2017 and drop even more in 2018. The forecast made analysts speculate that an interest rate cut is almost guaranteed. Yet the real gained nevertheless […]

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September 27
2016

Yen Recovers After Intraday Drop

The Japanese yen fell intraday due to the surge of risk appetite but regained its strength as of now and is trading near the opening level. Commodity currencies were rising while the yen was falling during the Tuesday’s session. The reason for that was the general consensus that Hilary Clinton won the Monday’s presidential debates with Donald Trump. That led to a rally of riskier assets as markets prefer to see Clinton as a president. Consequently, […]

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September 27
2016

Canadian Dollar Falls on Monday, Rally of Crude Oil Doesn’t Help

The Canadian dollar fell against its major peers on Monday despite the rally of Canada’s most important export commodity — crude oil. Prices for crude oil rallied more than 3% during Monday’s session, but that did not reflect on the Canadian currency. Usually, the loonie moves in tandem with the commodity, but this time it broke away, falling even as crude was rising. Concerns about the outcome of the US […]

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