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Day: January 27, 2017
January 272017
Yen Trades Broadly Lower as Inflation Doesn’t Impress
The Japanese yen traded broadly lower on Friday due to unimpressive inflation data released from Japan during the trading session and the outlook for monetary policy of the Bank of Japan. The BoJ increased its JGB purchases, and analysts interpreted that as a sign that the central bank does not intend to taper its asset-purchase program. Meanwhile, Japan’s core Consumer Price Index fell 0.2% in December from a year ago, and Tokyo core CPI […]
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January 272017
Yen Trades Broadly Lower as Inflation Doesn’t Impress
The Japanese yen traded broadly lower on Friday due to unimpressive inflation data released from Japan during the trading session and the outlook for monetary policy of the Bank of Japan. The BoJ increased its JGB purchases, and analysts interpreted that as a sign that the central bank does not intend to taper its asset-purchase program. Meanwhile, Japan’s core Consumer Price Index fell 0.2% in December from a year ago, and Tokyo core CPI […]
Read more
January 272017
Economic Data Leads US Dollar During Friday’s Trading
The US dollar bounced after the intraday decline, trimming its losses versus the euro and gaining on the Great Britain pound and the Japanese yen. Friday’s economic data played at least some part in the currency’s moves. The dollar declined initially as US economic growth slowed from 3.5% in the third quarter of 2016 to 1.9% in the fourth quarter, falling below the consensus forecast. Durable goods orders were not helpful either, declining unexpectedly by 0.4% […]
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January 272017
Economic Data Leads US Dollar During Friday’s Trading
The US dollar bounced after the intraday decline, trimming its losses versus the euro and gaining on the Great Britain pound and the Japanese yen. Friday’s economic data played at least some part in the currency’s moves. The dollar declined initially as US economic growth slowed from 3.5% in the third quarter of 2016 to 1.9% in the fourth quarter, falling below the consensus forecast. Durable goods orders were not helpful either, declining unexpectedly by 0.4% […]
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January 272017
EUR/USD Up After Disappointing Set of Data from USA
EUR/USD rose a little today after US reports about gross domestic product and durable goods orders disappointed traders (at least those who want to be bullish on the dollar). The US currency was attempting to regain its footing, getting help from the better-than-expected consumer sentiment, but still trades below the opening level against the euro by now. US GDP demonstrated growth of 1.9% in Q4 2016 according to the advance report, […]
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January 272017
GBP/USD Pair Loses Momentum for the Second Consecutive Day
The GBP/USD currency pair is headed to close the markets much lower than its opening price after the British pound lost significant ground against the US dollar throughout the day. The GBP/USD currency pair has retraced much of the gains it had made earlier in the week, ahead of the first meeting between British PM, Theresa May, and US President, Donald Trump. The GBP/USD currency pair closes the week on a high having gained close to 150 […]
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January 272017
GBP/USD Pair Loses Momentum for the Second Consecutive Day
The GBP/USD currency pair is headed to close the markets much lower than its opening price after the British pound lost significant ground against the US dollar throughout the day. The GBP/USD currency pair has retraced much of the gains it had made earlier in the week, ahead of the first meeting between British PM, Theresa May, and US President, Donald Trump. The GBP/USD currency pair closes the week on a high having gained close to 150 […]
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January 272017
Polish Zloty Gains on Friday
The Polish zloty gained during the Friday’s trading session thanks to relatively good performance of the nation’s stock market. Prices for Polish assets fell last year due to the government’s policies that were not particularly business-friendly. But while Polish stocks fell a bit today, they have demonstrated strong gains last week and outperformed other Eastern European equities during the current trading session despite the losses. That supported […]
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January 272017
Polish Zloty Gains on Friday
The Polish zloty gained during the Friday’s trading session thanks to relatively good performance of the nation’s stock market. Prices for Polish assets fell last year due to the government’s policies that were not particularly business-friendly. But while Polish stocks fell a bit today, they have demonstrated strong gains last week and outperformed other Eastern European equities during the current trading session despite the losses. That supported […]
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January 272017
Turkish Lira Drops amid Credit Rating Worries
The Turkish lira dropped today ahead of the credit rating decision by Fitch Ratings that may lead to Turkey losing its investment grade. Fitch was the only big rating agency that preserved an investment grade for Turkey up until now as Standard & Poor’s and Moody’s Investors Service have already lowered the nation’s credit rating to “junk”. Now, investors are concerned that Fitch may follow suit. That […]
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