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Day: November 4, 2016
November 42016
New Zealand Dollar Seeks Direction amid Clashing Fundamentals
The New Zealand dollar fell today but managed to rebound against some of its peers (including the Japanese yen) as positive macroeconomic data (both domestic and from abroad) clashed with the pessimistic monetary policy outlook. Economic reports released from New Zealand over the week were surprisingly good, increasing the attractiveness of the nation’s currency to investors. Reports from China, the second biggest trading partner of New Zealand, were good […]
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November 42016
New Zealand Dollar Seeks Direction amid Clashing Fundamentals
The New Zealand dollar fell today but managed to rebound against some of its peers (including the Japanese yen) as positive macroeconomic data (both domestic and from abroad) clashed with the pessimistic monetary policy outlook. Economic reports released from New Zealand over the week were surprisingly good, increasing the attractiveness of the nation’s currency to investors. Reports from China, the second biggest trading partner of New Zealand, were good […]
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November 42016
EUR/USD Below Opening After NFP
EUR/USD traded below the opening level today after the release of nonfarm payrolls. The data was mixed yet again as the headline number demonstrated slower-than-expected employment growth, but other parts of the report were good. Additionally, the trade deficit fell more than was anticipated. The currency pair sank after the report, attempted to bounce immediately afterwards, and was struggling to find a direction since then. Nonfarm payrolls demonstrated growth by 161k […]
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November 42016
Canadian Dollar Little Changed due to Economic Data & Oil Prices
The Canadian dollar was little changed-to-lower against most of its major rivals despite economic data from Canada released over the trading session that was good. The problem for the currency was a steep drop of crude oil prices. Canada’s employment rose by 43,900 in October from September — the result which was nowhere near the drop by 10,000 promised by analysts. The unemployment rate was steady at 7.0%. The Ivey Purchasing Managers Index […]
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November 42016
Canadian Dollar Little Changed due to Economic Data & Oil Prices
The Canadian dollar was little changed-to-lower against most of its major rivals despite economic data from Canada released over the trading session that was good. The problem for the currency was a steep drop of crude oil prices. Canada’s employment rose by 43,900 in October from September — the result which was nowhere near the drop by 10,000 promised by analysts. The unemployment rate was steady at 7.0%. The Ivey Purchasing Managers Index […]
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November 42016
British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling
Great Britainâs pound rose on Friday to its best level in four weeks after the high court in the UK ruled that the government cannot move ahead with Britainâs exit from the European Union without a parliamentary approval. Thursdayâs court ruling raised investorsâ speculation that the hard Brexit scenario, in which the UK would fully leave the European Union and its single market to have complete control over its borders […]
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November 42016
British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling
Great Britainâs pound rose on Friday to its best level in four weeks after the high court in the UK ruled that the government cannot move ahead with Britainâs exit from the European Union without a parliamentary approval. Thursdayâs court ruling raised investorsâ speculation that the hard Brexit scenario, in which the UK would fully leave the European Union and its single market to have complete control over its borders […]
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November 42016
Dollar Stops Its Losses After a Labor Market Report
The US dollar is fluctuating around a consistent level against the euro today as the US currency halted its weekly slide following the release of labor market data. The US Bureau of Labor Statistics published its report for October, which showed an increase in nonfarm payroll employment by 161,000 while unemployment rate remained unchanged at 4.9%. The dollar initially rose following the report before it gave up its gains and remained little […]
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November 42016
Dollar Stops Its Losses After a Labor Market Report
The US dollar is fluctuating around a consistent level against the euro today as the US currency halted its weekly slide following the release of labor market data. The US Bureau of Labor Statistics published its report for October, which showed an increase in nonfarm payroll employment by 161,000 while unemployment rate remained unchanged at 4.9%. The dollar initially rose following the report before it gave up its gains and remained little […]
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November 42016
Bad News Makes Turkish Lira Unappealing for Investors
The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors. Turkey arrested the leaders of the pro-Kurdish opposition People’s Democracy party. This news is likely to increase tensions among Kurds and lead to more violence. And indeed, hours after the detention a car bomb exploded, killing eight people and injuring more than hundred, though at the present time it is hard to tell whether […]
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