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Day: November 7, 2016
November 72016
Canadian Dollar Advances on Improved Appetite for Risk
The Canadian dollar moved higher against Great Britainâs pound on Monday as tradersâ desire to take risks increased due to a stronger US dollar, which supported the Canadian currency. An announcement made by FBI Director James Comey to Congress earlier today declared the closure of the agencyâs investigation into private emails related to US Democratic candidate Hillary Clinton when she was secretary of state. The end of the investigation came after no evidence […]
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November 72016
Canadian Dollar Advances on Improved Appetite for Risk
The Canadian dollar moved higher against Great Britainâs pound on Monday as tradersâ desire to take risks increased due to a stronger US dollar, which supported the Canadian currency. An announcement made by FBI Director James Comey to Congress earlier today declared the closure of the agencyâs investigation into private emails related to US Democratic candidate Hillary Clinton when she was secretary of state. The end of the investigation came after no evidence […]
Read more
November 72016
Who Wins US Presidential Elections 2016? How Will Currencies React?
We have already covered the US presidential elections and their possible effect on the US dollar in a blog post on February 19. Back then, the elections were still in their primaries stage, but the apparent leaders (Clinton and Trump) have already emerged as the two most likely persons to sit next in the White House. The implications of their presidency for the FX market have also been quite clear, though now they can be […]
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November 72016
Canadian Dollar Opens Sharply Higher as Week Starts with Shock
The Canadian dollar opened sharply higher against its major rivals as the news from the United States shocked markets. The currency struggles to establish a clear trend, though, rising against some peers but falling below the opening against others. Markets were in turmoil at the start of the trading week due to the news that the Federal Bureau of Investigation found no signs of crime in Hillary Clinton’s emails. It changed the outlook for the outcome of the US […]
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November 72016
Canadian Dollar Opens Sharply Higher as Week Starts with Shock
The Canadian dollar opened sharply higher against its major rivals as the news from the United States shocked markets. The currency struggles to establish a clear trend, though, rising against some peers but falling below the opening against others. Markets were in turmoil at the start of the trading week due to the news that the Federal Bureau of Investigation found no signs of crime in Hillary Clinton’s emails. It changed the outlook for the outcome of the US […]
Read more
November 72016
Mexican Peso Surges as FBI Finds No Crime in Hillary’s Emails
The Mexican peso climbed today after the Federal Bureau of Investigation said that it found no evidence of crime in Hillary Clinton’s emails, boosting her chances for victory in the US presidential elections. While the news was beneficial to the dollar, the peso managed to gain even on the US currency. The Mexican currency depends on reports from the United States strongly as the USA is the biggest trading partner of Mexico. In particular, the currency was demonstrating noticeable […]
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November 72016
Mexican Peso Surges as FBI Finds No Crime in Hillary’s Emails
The Mexican peso climbed today after the Federal Bureau of Investigation said that it found no evidence of crime in Hillary Clinton’s emails, boosting her chances for victory in the US presidential elections. While the news was beneficial to the dollar, the peso managed to gain even on the US currency. The Mexican currency depends on reports from the United States strongly as the USA is the biggest trading partner of Mexico. In particular, the currency was demonstrating noticeable […]
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November 72016
Dollar Rises as FBI Finds No Evidence Against Clinton
The US dollar gained on Monday after the currency declined for most of the previous week. The dollarâs rise comes after FBI Director James Comey told Congress that no evidence of criminal activity was found in the agencyâs investigation against Democrat Hillary Clinton. Traders speculate that Clinton has a better chance of winning the race for the White House following FBIâs announcement on Monday, which lifted pressure off the US currency that […]
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November 72016
Dollar Rises as FBI Finds No Evidence Against Clinton
The US dollar gained on Monday after the currency declined for most of the previous week. The dollarâs rise comes after FBI Director James Comey told Congress that no evidence of criminal activity was found in the agencyâs investigation against Democrat Hillary Clinton. Traders speculate that Clinton has a better chance of winning the race for the White House following FBIâs announcement on Monday, which lifted pressure off the US currency that […]
Read more