Day: October 18, 2016

October 18
2016

GBP/USD Rallies as Inflation Data Is Released

The British pound rose to new highs today rallying against other currencies such as the US dollar for the second day in a row. The British pound gained against other major currencies such as the US dollar and the euro after the release of UK inflation data for the month of September. The rally was triggered by the release of inflation figures today, which were higher than what analysts had forecasted. The inflation data showed that consumer prices […]

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October 18
2016

GBP/USD Rallies as Inflation Data Is Released

The British pound rose to new highs today rallying against other currencies such as the US dollar for the second day in a row. The British pound gained against other major currencies such as the US dollar and the euro after the release of UK inflation data for the month of September. The rally was triggered by the release of inflation figures today, which were higher than what analysts had forecasted. The inflation data showed that consumer prices […]

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October 18
2016

EUR/USD Fails to Keep Gains, Falls Below Opening Level

EUR/USD attempted to rally after data showed that core inflation was below expectations (0.1% actual versus 0.2% forecast) but failed to maintain upward momentum and slipped below the opening level. Speculators continue to bet on an interest rate hike from the Federal Reserve in December, and that is likely to support the dollar until then. CPI rose 0.3% in September, matching forecasts exactly. The index was up 0.2% in August. […]

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October 18
2016

New Zealand Dollar Rallies as Inflation Beats Expectations

The New Zealand dollar rose against its major peers today, including the euro, against witch the kiwi rallied for the fifth straight trading session. The reason for the rally was the better-than-expected inflation report. The Consumer Price Index rose 0.2% in the September quarter from the previous three months. While it was slower growth than in the June quarter (0.4%), the actual data was still better than analysts’ forecasts that promised […]

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October 18
2016

New Zealand Dollar Rallies as Inflation Beats Expectations

The New Zealand dollar rose against its major peers today, including the euro, against witch the kiwi rallied for the fifth straight trading session. The reason for the rally was the better-than-expected inflation report. The Consumer Price Index rose 0.2% in the September quarter from the previous three months. While it was slower growth than in the June quarter (0.4%), the actual data was still better than analysts’ forecasts that promised […]

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October 18
2016

Australian Dollar Rallies After RBA Minutes

The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices. Unlike the previous RBA Governor, Philip Lowe did not complain about the exchange rate, saying that “the lower exchange rate since 2013 had been helping the traded sector,” though he also mentioned that “an appreciating exchange […]

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October 18
2016

Australian Dollar Rallies After RBA Minutes

The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices. Unlike the previous RBA Governor, Philip Lowe did not complain about the exchange rate, saying that “the lower exchange rate since 2013 had been helping the traded sector,” though he also mentioned that “an appreciating exchange […]

Read more