Day: January 23, 2017

January 23
2017

NZD/Dairy Correlation — Not That Simple

In early 2008, when the global financial crisis started crippling the world economy, the New Zealand economy entered into recession. Correspondingly, for the most part of 2008, the Kiwi dollar remained on a declining note against the greenback.  The New Zealand dollar is categorized as a commodity currency, along with its Australian and Canadian counterparts. While Australia is rich in raw materials, such as iron ore and coking coal, Canada owns the world’s third-largest […]

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January 23
2017

US Dollar Falls on Concerns Towards Trump’s Administration

The US dollar dropped against its major peers on Monday, the first trading day since Donald Trump’s inauguration last Friday, as traders remained uncertain towards the president’s economic plans. The greenback’s drop opened a window for the British pound to reach its strongest level in a month. Uncertainty loomed over the US markets as investors digested the protectionist emphasis that Donald Trump used during his inauguration speech. Worries of political obscurity […]

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January 23
2017

US Dollar Falls on Concerns Towards Trump’s Administration

The US dollar dropped against its major peers on Monday, the first trading day since Donald Trump’s inauguration last Friday, as traders remained uncertain towards the president’s economic plans. The greenback’s drop opened a window for the British pound to reach its strongest level in a month. Uncertainty loomed over the US markets as investors digested the protectionist emphasis that Donald Trump used during his inauguration speech. Worries of political obscurity […]

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January 23
2017

GBP/USD Rallies Ahead of UK Supreme Court Ruling on Article 50

The GBP/USD opened the week on a major rally boosted by positive market sentiment towards the British pound as markets await tomorrow’s ruling by the UK Supreme Court on whether Theresa May needs the approval of parliament to trigger article 50. The strong rally in the currency pair was also triggered by negative sentiment towards the US dollar after Donald Trump assumed office on Friday. The pound sterling gained about 100 points or one cent as at the time of writing. The US dollar […]

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January 23
2017

GBP/USD Rallies Ahead of UK Supreme Court Ruling on Article 50

The GBP/USD opened the week on a major rally boosted by positive market sentiment towards the British pound as markets await tomorrow’s ruling by the UK Supreme Court on whether Theresa May needs the approval of parliament to trigger article 50. The strong rally in the currency pair was also triggered by negative sentiment towards the US dollar after Donald Trump assumed office on Friday. The pound sterling gained about 100 points or one cent as at the time of writing. The US dollar […]

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