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Day: November 1, 2016
November 12016
EUR/USD Climbs as Outcome of US Elections Clouded
EUR/USD rallied as the victory of Hillary Clinton in the US presidential elections looked less certain after the Federal Bureau of Investigation reopened the probe into Clinton’s emails. While on Monday it seemed like the impact of the news faded, today market analysts use the investigation as an explanation for the dollar’s weakness. As for US economic data, the manufacturing sector looked strong while construction spending showed an unexpected decline. Markit manufacturing PMI climbed from 51.5 […]
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November 12016
Australian Dollar Records Limited Gains Despite Supportive Data
Australiaâs dollar started November off with gains against the US dollar as markets speculate that the Reverse Bank of Australia could be moving away from reducing its interest rates any time soon. The nationâs central bank took a decision earlier today to maintain its interest rates without any changes at 1.50%, stating strong conditions in the labor market, improved commodity prices and the stable economic situation in China as the main […]
Read more
November 12016
Australian Dollar Records Limited Gains Despite Supportive Data
Australiaâs dollar started November off with gains against the US dollar as markets speculate that the Reverse Bank of Australia could be moving away from reducing its interest rates any time soon. The nationâs central bank took a decision earlier today to maintain its interest rates without any changes at 1.50%, stating strong conditions in the labor market, improved commodity prices and the stable economic situation in China as the main […]
Read more
November 12016
Dollar Falls as Political Uncertainty Shadows Recent Gains
The US dollar took a negative turn today after an increase in tradersâ demand for gold as a safe haven prior to the presidential elections in the USA, which is due to happen on November 8. Political uncertainty increased in the worldâs biggest economy after the FBI said itâs investigating new emails related to Hillary Clintonâs use of a private server when she was the secretary of state. The statement decreased Hillaryâs lead over Donald Trump to be as small […]
Read more
November 12016
Dollar Falls as Political Uncertainty Shadows Recent Gains
The US dollar took a negative turn today after an increase in tradersâ demand for gold as a safe haven prior to the presidential elections in the USA, which is due to happen on November 8. Political uncertainty increased in the worldâs biggest economy after the FBI said itâs investigating new emails related to Hillary Clintonâs use of a private server when she was the secretary of state. The statement decreased Hillaryâs lead over Donald Trump to be as small […]
Read more