Day: November 14, 2016

November 14
2016

British Pound Struggles to Find Direction, Drops Against US Dollar

The British pound declined on Monday as the currency retreated from its recent highs due to the rapid gains that the US dollar achieved. The British pound traded near its last week’s opening level today after losing all of the gains accomplished on Friday, which had brought the currency to its highest level since its sudden crash on October 7. Traders speculate that Donald Trump’s presidency could produce higher […]

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November 14
2016

US Dollar Continues to Rise as December’s Rate Hike Appears More Likely

The US dollar continued its advance against its main rival currencies on expectations of increased fiscal spending and lower taxes under Donald Trump’s administration. The greenback was further supported by the rising likelihood of an interest rates hike by the Federal Reserve is December. Bond yields and inflation rate in the USA will probably climb as the Republican president-elect takes up office and starts bringing his promises into reality. Investors are speculating […]

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November 14
2016

NZ Dollar Lower vs. US Dollar, Bounce vs. Other Rivals

The New Zealand dollar traded lower versus its US peer but managed to rebound against such major rivals as the euro and the Japanese yen. The US dollar continued to receive support from optimism caused by the victory of Donald Trump in the US presidential elections. Meanwhile, the accommodative monetary policy of the Reserve Bank of New Zealand made the kiwi rather vulnerable. Yet the New Zealand currency managed to rise above the opening level against […]

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November 14
2016

Yen Falls, Ignoring Positive GDP Report

Today’s data showed that Japan’s economy grew faster than was expected, but the Japanese yen hardly paid any attention to the positive report. The currency was down against all of its major counterparts, falling to the lowest level since June versus the US dollar. Japan’s gross domestic product expanded 0.5% in the third quarter of this year according to the preliminary report, exceeding the analysts’ average forecast of 0.2% growth. […]

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