Day: January 25, 2017

January 25
2017

Australian Dollar Weakens After Inflation Data

The Australian dollar fell against its major peers today after worse-than-expected inflation data released from Australia today. The currency was trading in a range during the past couple weeks following the strong rally that has started at the end of the last year and continued into the beginning of the current year. The seasonally adjusted Consumer Price Index rose 0.5% in the December quarter from the previous three months versus the forecast value of 0.7%. […]

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January 25
2017

Australian Dollar Weakens After Inflation Data

The Australian dollar fell against its major peers today after worse-than-expected inflation data released from Australia today. The currency was trading in a range during the past couple weeks following the strong rally that has started at the end of the last year and continued into the beginning of the current year. The seasonally adjusted Consumer Price Index rose 0.5% in the December quarter from the previous three months versus the forecast value of 0.7%. […]

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January 25
2017

Mexican Peso Climbs vs. Dollar amid US Uncertainty

The Mexican peso climbed against the US dollar even though the same uncertainties about US international relations that plague the greenback should have been detrimental for Mexico’s currency as well. New US President Donald Trump seeks changes in US international relationships, and Mexico is an important part of his plans as the country was featured prominently in Trump’s election campaign. In particular, he promised to build a wall between the United States […]

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January 25
2017

Mexican Peso Climbs vs. Dollar amid US Uncertainty

The Mexican peso climbed against the US dollar even though the same uncertainties about US international relations that plague the greenback should have been detrimental for Mexico’s currency as well. New US President Donald Trump seeks changes in US international relationships, and Mexico is an important part of his plans as the country was featured prominently in Trump’s election campaign. In particular, he promised to build a wall between the United States […]

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January 25
2017

Euro Recovers from Losses Despite Soft German Business Climate

The euro was soft intraday due to the unexpectedly weak German business climate but has managed to recover and is trading close to its opening level as of now. The Ifo Business Climate Index fell to 109.8 in January from 111.0 points in December. Analysts had expected a small increase to 111.3. The data hurt the euro initially, but the currency has recovered by now, perhaps thanks to the dollar’s weakness (though the euro actually lost […]

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January 25
2017

Euro Recovers from Losses Despite Soft German Business Climate

The euro was soft intraday due to the unexpectedly weak German business climate but has managed to recover and is trading close to its opening level as of now. The Ifo Business Climate Index fell to 109.8 in January from 111.0 points in December. Analysts had expected a small increase to 111.3. The data hurt the euro initially, but the currency has recovered by now, perhaps thanks to the dollar’s weakness (though the euro actually lost […]

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January 25
2017

British Pound Rallies Boosted by Theresa May’s Announcement on Triggering Article 50

The British pound rallied against its major peers today after the UK government announced it would submit legislation on the triggering of Article 50 to parliament later this week. The British government announced through PM Theresa May‘s office that it would table the legislation before parliament on Thursday. The British pound gained significantly against the US dollar, the euro and the Japanese yen after Reuters published the announcement made by Theresa […]

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January 25
2017

British Pound Rallies Boosted by Theresa May’s Announcement on Triggering Article 50

The British pound rallied against its major peers today after the UK government announced it would submit legislation on the triggering of Article 50 to parliament later this week. The British government announced through PM Theresa May‘s office that it would table the legislation before parliament on Thursday. The British pound gained significantly against the US dollar, the euro and the Japanese yen after Reuters published the announcement made by Theresa […]

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January 25
2017

US Dollar Edges Lower Against Euro as Traders Remain Reluctant

The US dollar edged slightly lower against the euro on Wednesday, as a sentiment of reluctance remained dominant between currency traders. Continued uncertainty towards the economic plans of US President Donald Trump prevented the nation’s currency from maintaining its recent rally. The uncertainty stemmed from Trump’s protectionist scheme for the US economy, which could harm US trade and might have its negative effect on economic growth. The US president started […]

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January 25
2017

US Dollar Edges Lower Against Euro as Traders Remain Reluctant

The US dollar edged slightly lower against the euro on Wednesday, as a sentiment of reluctance remained dominant between currency traders. Continued uncertainty towards the economic plans of US President Donald Trump prevented the nation’s currency from maintaining its recent rally. The uncertainty stemmed from Trump’s protectionist scheme for the US economy, which could harm US trade and might have its negative effect on economic growth. The US president started […]

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