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Day: January 31, 2017
January 312017
British Pound Drops Ahead of Parliament’s Debate of Article 50
The British pound declined against the euro, US dollar, and other major peers on Tuesday, as Parliament prepared to begin discussing the governmentâs triggering of Article 50. The debate, which decides the future of the United Kingdom departure of the European Union, is keeping investors away from the British currency. The UK government is pushing for its Article 50 bill to be approved by Parliament as soon as possible, as Prime Minister Theresa May attempts to start the Brexit […]
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January 312017
USD/JPY Set to Record Its First Monthly Decline Since September
The USD/JPY currency pair is positioned to record its first monthly decline since September 2016 if the US dollar does not recover by the end of today. The US dollar is on a major downslide following controversial policies implemented by President Donald Trump barely ten days after he assumed office. The currency pair has lost almost 100 pips earlier today causing the US Dollar Index, which tracks […]
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January 312017
USD/JPY Set to Record Its First Monthly Decline Since September
The USD/JPY currency pair is positioned to record its first monthly decline since September 2016 if the US dollar does not recover by the end of today. The US dollar is on a major downslide following controversial policies implemented by President Donald Trump barely ten days after he assumed office. The currency pair has lost almost 100 pips earlier today causing the US Dollar Index, which tracks […]
Read more
January 312017
CAD Rallies vs. EUR & USD, Falls vs. CHF & JPY
The Canadian dollar rose a bit against its US counterpart on Monday and accelerated the rally on Tuesday as the US immigration ban hurt the greenback. The Canadian currency also rose versus the euro but fell against the safe haven currencies — the Swiss franc and the Japanese yen. The decision of US President Donald Trump to halt immigration from seven countries with Muslim majority and to stop accepting refugees caused a huge amount of confusion and turmoil on markets, […]
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January 312017
CAD Rallies vs. EUR & USD, Falls vs. CHF & JPY
The Canadian dollar rose a bit against its US counterpart on Monday and accelerated the rally on Tuesday as the US immigration ban hurt the greenback. The Canadian currency also rose versus the euro but fell against the safe haven currencies — the Swiss franc and the Japanese yen. The decision of US President Donald Trump to halt immigration from seven countries with Muslim majority and to stop accepting refugees caused a huge amount of confusion and turmoil on markets, […]
Read more