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Day: November 2, 2016
November 22016
Canadian Dollar Falls as Oil Prices Sharply Decline
The Canadian dollar lost its gains against the US dollar earlier today as a drop in oil prices overshadowed uncertainty about the presidential election in the USA. The weekly report for the official US crude stockpile figures from the Energy Information Administration revealed that crude inventories rose by 14.4 million barrels for the week ended October 28, which is more than the increase in stockpiles reported by the American Petroleum Institute yesterday at 9.3 million barrels. […]
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November 22016
Canadian Dollar Falls as Oil Prices Sharply Decline
The Canadian dollar lost its gains against the US dollar earlier today as a drop in oil prices overshadowed uncertainty about the presidential election in the USA. The weekly report for the official US crude stockpile figures from the Energy Information Administration revealed that crude inventories rose by 14.4 million barrels for the week ended October 28, which is more than the increase in stockpiles reported by the American Petroleum Institute yesterday at 9.3 million barrels. […]
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November 22016
EUR/USD Continues to Rise, FOMC Doesn’t Change Trend
EUR/USD was rising today for the most part of the trading session, though it has started a retreat as of 15:00 GMT. Currently, the currency pair is trying to bounce. The Federal Open Market Committee did not influence moves of the pair much, leaving monetary policy unchanged. The employment report from Automatic Data Processing was unexpectedly bad, allowing EUR/USD to reach the highest level since October 11. ADP employment rose […]
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November 22016
US Dollar Hits Its Lowest in 3 Weeks Less Than a Week Before Election
The US dollar fell on Wednesday against most of the major currencies, including the euro, yen, and sterling ahead of the US presidential election that runs on November 8. The political tension in the USA is reducing tradersâ appetite for the nationâs currency as Republican presidential candidate Donald Trump moves closer in polls to Democrat Hillary Clinton after the FBI said last Friday that itâs opening an investigation into more emails related to Hillary Clintonâs […]
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November 22016
US Dollar Hits Its Lowest in 3 Weeks Less Than a Week Before Election
The US dollar fell on Wednesday against most of the major currencies, including the euro, yen, and sterling ahead of the US presidential election that runs on November 8. The political tension in the USA is reducing tradersâ appetite for the nationâs currency as Republican presidential candidate Donald Trump moves closer in polls to Democrat Hillary Clinton after the FBI said last Friday that itâs opening an investigation into more emails related to Hillary Clintonâs […]
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November 22016
NZ Dollar Gets Help from Surprisingly Good Economic Data
The New Zealand dollar rallied today, getting help from surprisingly positive domestic macroeconomic reports. Basically all economic data was good and even better than expected. Inflation expectations for the next two years were at 1.7% in the December quarter, virtually unchanged from the September quarter. The number of jobs rose by 1.4% in the September quarter from the previous three months, more than two times the forecast increase by 0.6%, as employment […]
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November 22016
NZ Dollar Gets Help from Surprisingly Good Economic Data
The New Zealand dollar rallied today, getting help from surprisingly positive domestic macroeconomic reports. Basically all economic data was good and even better than expected. Inflation expectations for the next two years were at 1.7% in the December quarter, virtually unchanged from the September quarter. The number of jobs rose by 1.4% in the September quarter from the previous three months, more than two times the forecast increase by 0.6%, as employment […]
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November 22016
Unexpectedly Steep Drop of Building Approvals Makes Aussie Soft
The Australian dollar was vulnerable today due to unexpectedly soft macroeconomic data. The currency logged a decline, though has trimmed it against some of rivals by now. Australian building approvals fell 8.7% in September from August after declining 1.8% in the previous reporting period. The drop was far bigger than the forecast 2.8%. Yesterday, the Aussie rallied as the Reserve Bank of Australia showed no intention to cut interest rates further, […]
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November 22016
Unexpectedly Steep Drop of Building Approvals Makes Aussie Soft
The Australian dollar was vulnerable today due to unexpectedly soft macroeconomic data. The currency logged a decline, though has trimmed it against some of rivals by now. Australian building approvals fell 8.7% in September from August after declining 1.8% in the previous reporting period. The drop was far bigger than the forecast 2.8%. Yesterday, the Aussie rallied as the Reserve Bank of Australia showed no intention to cut interest rates further, […]
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