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Day: January 20, 2017
January 202017
Canadian Dollar Shows Mixed Results After Release of CPI Data for December 2016
The Canadian dollar today weakened against its major peers such as the US dollar following the release of retail data for the month of December that was below expectations. Statistics Canada reported that the Consumer Price Index for December rose by 1.5% year-over-year, which was below the widely expected figure of 1.7%. The Canadian dollar gained briefly against its main trading partners including the US dollar, the Australian dollar and the Japanese yen before […]
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January 202017
Canadian Dollar Shows Mixed Results After Release of CPI Data for December 2016
The Canadian dollar today weakened against its major peers such as the US dollar following the release of retail data for the month of December that was below expectations. Statistics Canada reported that the Consumer Price Index for December rose by 1.5% year-over-year, which was below the widely expected figure of 1.7%. The Canadian dollar gained briefly against its main trading partners including the US dollar, the Australian dollar and the Japanese yen before […]
Read more
January 202017
US Dollar Heads Higher as Donald Trump Takes Office
The US dollar climbed against its major rivals on Friday to erase some of its losses earlier in the day, as investors anticipated Donald Trumpâs presidential inauguration. The president-elect will give a speech during his inauguration, which could contain hints of his plans for the US economy. Even though traders avoided taking any major risks ahead of the inauguration ceremony, the greenback still managed to rise as it continued to be supported by comments […]
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January 202017
US Dollar Heads Higher as Donald Trump Takes Office
The US dollar climbed against its major rivals on Friday to erase some of its losses earlier in the day, as investors anticipated Donald Trumpâs presidential inauguration. The president-elect will give a speech during his inauguration, which could contain hints of his plans for the US economy. Even though traders avoided taking any major risks ahead of the inauguration ceremony, the greenback still managed to rise as it continued to be supported by comments […]
Read more
January 202017
South Korean Won Avoids Losses
Mixed economic data from China hurt some of Asian currencies, but many of them managed to rise above the opening level by now, and the South Korean won was among them. While some currencies reacted negatively to the news from China, the won managed to avoid losses. Yet the currency remains in danger as traders are nervous ahead of the speech of US President reacted negatively. They are not sure what Trump’s […]
Read more
January 202017
South Korean Won Avoids Losses
Mixed economic data from China hurt some of Asian currencies, but many of them managed to rise above the opening level by now, and the South Korean won was among them. While some currencies reacted negatively to the news from China, the won managed to avoid losses. Yet the currency remains in danger as traders are nervous ahead of the speech of US President reacted negatively. They are not sure what Trump’s […]
Read more
January 202017
Australian Dollar Falls, China’s Data Fails to Support
The Australian dollar fell against its most traded peers today even though relatively decent economic data released from China should have been supportive for Australia’s currency. The National Bureau of Statistics of China released a report today, summarizing 2016. While some indicators for the fourth quarter were worse than expected (industrial production) and some were better (gross domestic product), basically all figures were close […]
Read more
January 202017
Australian Dollar Falls, China’s Data Fails to Support
The Australian dollar fell against its most traded peers today even though relatively decent economic data released from China should have been supportive for Australia’s currency. The National Bureau of Statistics of China released a report today, summarizing 2016. While some indicators for the fourth quarter were worse than expected (industrial production) and some were better (gross domestic product), basically all figures were close […]
Read more