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Day: December 14, 2016
December 142016
Dollar Jumps After Fed Hikes Rates & Updates Economic Projections
The US dollar shot to the upside after the Federal Reserve announced an interest rate hike and updated the forecast path for the federal funds rate. The Fed made an unanimous decision to hike its target range for the federal funds rate from 0.5% to 0.75%. Ahead of the meeting, markets were considering such a move almost guaranteed, so the Fed did not surprise anyone by its decision. The economic projections, on the other hand, did provide an important […]
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December 142016
Dollar Jumps After Fed Hikes Rates & Updates Economic Projections
The US dollar shot to the upside after the Federal Reserve announced an interest rate hike and updated the forecast path for the federal funds rate. The Fed made an unanimous decision to hike its target range for the federal funds rate from 0.5% to 0.75%. Ahead of the meeting, markets were considering such a move almost guaranteed, so the Fed did not surprise anyone by its decision. The economic projections, on the other hand, did provide an important […]
Read more
December 142016
Canadian Dollar Surges to Highest Level in Eight Weeks Ahead of Fed Rate Decision
The Canadian dollar gained more strength against its US counterpart on Wednesday, as investors stayed off the US dollar until a monetary policy decision that comes out from the Federal Reserve is released today. A number of data releases on Wednesday painted a mixed picture for the Canadian economy. Statistics Canada, the nationâs agency for census data, published its report for Canadian household debt in the third quarter earlier today. The report said […]
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December 142016
Canadian Dollar Surges to Highest Level in Eight Weeks Ahead of Fed Rate Decision
The Canadian dollar gained more strength against its US counterpart on Wednesday, as investors stayed off the US dollar until a monetary policy decision that comes out from the Federal Reserve is released today. A number of data releases on Wednesday painted a mixed picture for the Canadian economy. Statistics Canada, the nationâs agency for census data, published its report for Canadian household debt in the third quarter earlier today. The report said […]
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December 142016
EUR/USD Tanks After Fed Raises Interest Rates
EUR/USD sank today, erasing intraday gains, after the Federal Open Market Committee hiked interest rates. Such move was widely expected by markets, so no surprise here. What was surprising is the upward revision of the projected path for the federal funds rate, meaning that US policy makers now plan three rate hikes next year instead of two expected previously. As for today’s economic data from […]
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December 142016
British Pound Climbs Against US Dollar on Positive UK Jobs Data
The British pound moved higher against the US dollar on Wednesday as fresh employment numbers in the United Kingdom appeared positive. However, the British currencyâs gains were limited as traders braced for a monetary policy decision from the US Federal Reserve. The UK Office for National Statistics published its earnings and working hours report earlier today, which said that the average weekly earnings growth rate reached 2.5% in October, from 2.4% […]
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December 142016
British Pound Climbs Against US Dollar on Positive UK Jobs Data
The British pound moved higher against the US dollar on Wednesday as fresh employment numbers in the United Kingdom appeared positive. However, the British currencyâs gains were limited as traders braced for a monetary policy decision from the US Federal Reserve. The UK Office for National Statistics published its earnings and working hours report earlier today, which said that the average weekly earnings growth rate reached 2.5% in October, from 2.4% […]
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December 142016
EUR/USD Remains Bullish Ahead of The Federal Reserve Bank Interest Rate Announcement
The EUR/USD has risen slightly during today’s trading session as investors wait for the Federal Reserve Bank announcement regarding interest rates. It is widely anticipated that the Fed shall announce an interest rate hike, the first such hike this year. The currency pair also seemed unaffected by other financial data released today. The greenback retreated slightly based on retail data released today, which was below industry projections. […]
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December 142016
EUR/USD Remains Bullish Ahead of The Federal Reserve Bank Interest Rate Announcement
The EUR/USD has risen slightly during today’s trading session as investors wait for the Federal Reserve Bank announcement regarding interest rates. It is widely anticipated that the Fed shall announce an interest rate hike, the first such hike this year. The currency pair also seemed unaffected by other financial data released today. The greenback retreated slightly based on retail data released today, which was below industry projections. […]
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December 142016
Swiss Franc Gains After Favorable Economic Data
The Swiss franc gained against most of its major rivals today after the Producer Price Index demonstrated an unexpected increase and economic sentiment for Switzerland improved. The PPI rose 0.1% in November instead of falling at the same rate as economists had predicted. The ZEW-CS-Indicator for the economic sentiment in Switzerland rose from 8.9 to 12.9 in December, gaining for the fourth time in a row. The report also said that economic expectations for the eurozone were roughly balanced between […]
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