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Day: November 15, 2016
November 152016
EUR/USD Retreats After Unsuccessful Attempt to Rally
EUR/USD was rising at the start of today’s trading session but failed to maintain the rally and is trading below the opening level right now. It was not a surprise, considering that US economic data was very good as basically all reports beat expectations. Data from Europe was fairly decent as well, but it was not enough to support the euro. Retail sales rose 0.8% in October, above […]
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November 152016
US Dollar Maintains Gains Against Euro on Positive Retail Sales Data
The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the worldâs biggest economy. New comments from Federal Reserve officials, which backed a rate hike in December, also boosted the greenback. A report published by the Department of Commerce on Tuesday showed that US retail sales growth, which is the main driver of the economic growth in the country, was at 0.8% in October. […]
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November 152016
US Dollar Maintains Gains Against Euro on Positive Retail Sales Data
The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the worldâs biggest economy. New comments from Federal Reserve officials, which backed a rate hike in December, also boosted the greenback. A report published by the Department of Commerce on Tuesday showed that US retail sales growth, which is the main driver of the economic growth in the country, was at 0.8% in October. […]
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November 152016
AUD Rises vs. USD, Flat vs. Other Majors
The Australian dollar fell against its US counterpart after the release of monetary policy minutes from the Reserve Bank of Australia, but the managed to rebound as of now. At the same time, the currency was mostly flat versus its other most-traded rivals. The RBA released minutes of its November 1 policy meeting today. The notes were fairly neutral, making several remarks about balanced risks to inflation, like: The overall assessment was […]
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November 152016
AUD Rises vs. USD, Flat vs. Other Majors
The Australian dollar fell against its US counterpart after the release of monetary policy minutes from the Reserve Bank of Australia, but the managed to rebound as of now. At the same time, the currency was mostly flat versus its other most-traded rivals. The RBA released minutes of its November 1 policy meeting today. The notes were fairly neutral, making several remarks about balanced risks to inflation, like: The overall assessment was […]
Read more
November 152016
Loonie Falls vs. Greenback, Avoids Losses vs. Other Rivals
The Canadian dollar fell against its US peer on Monday as the shock of the surprise victory of Donald Trump in the US presidential elections continued to weigh on the currency. The loonie managed to gain on other most-traded rivals, like the euro and the Japanese yen. Trump’s victory led to concerns that trading ties between Canada and the United States may weaken. That is a very bad prospect of the Canada’s economy and the USA are the nation’s biggest trading partner. […]
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November 152016
Loonie Falls vs. Greenback, Avoids Losses vs. Other Rivals
The Canadian dollar fell against its US peer on Monday as the shock of the surprise victory of Donald Trump in the US presidential elections continued to weigh on the currency. The loonie managed to gain on other most-traded rivals, like the euro and the Japanese yen. Trump’s victory led to concerns that trading ties between Canada and the United States may weaken. That is a very bad prospect of the Canada’s economy and the USA are the nation’s biggest trading partner. […]
Read more