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Day: February 7, 2017
February 72017
European Assets Look Too Risky, Euro Suffers
The euro fell against the majority of its most-traded counterparts as looming elections in several European countries and concerns about Greece’s debt made investors think that it is too risky to invest into European assets. France’s presidential elections drew the most attention due to the anti-eurozone stance of one of the candidates, Marine Le Pen, who is getting bigger and bigger support from voters according to polls. Elections in such countries […]
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February 72017
European Assets Look Too Risky, Euro Suffers
The euro fell against the majority of its most-traded counterparts as looming elections in several European countries and concerns about Greece’s debt made investors think that it is too risky to invest into European assets. France’s presidential elections drew the most attention due to the anti-eurozone stance of one of the candidates, Marine Le Pen, who is getting bigger and bigger support from voters according to polls. Elections in such countries […]
Read more
February 72017
Canadian Dollar Touches Lowest Level in Two Weeks as US Dollar Surges
The Canadian dollar dropped against the US counterpart on Tuesday to touch its lowest in two weeks, as oil prices moved lower and the greenback gained strength. Prices of crude oil, one of Canadaâs main exports, declined due to concerns towards rising production levels in the United States. The US dollar was stronger today following a comment made by Federal Reserve Bank of Philadelphia President Patrick Harker on Monday. Harker said that he […]
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February 72017
Canadian Dollar Touches Lowest Level in Two Weeks as US Dollar Surges
The Canadian dollar dropped against the US counterpart on Tuesday to touch its lowest in two weeks, as oil prices moved lower and the greenback gained strength. Prices of crude oil, one of Canadaâs main exports, declined due to concerns towards rising production levels in the United States. The US dollar was stronger today following a comment made by Federal Reserve Bank of Philadelphia President Patrick Harker on Monday. Harker said that he […]
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February 72017
EUR/USD Drops for Another Day, Driven Down by Multiple Factors
EUR/ USD fell today for the second consecutive day, and it was the fourth daily decline in five sessions. There were plenty of reasons for the drop, including yesterday’s dovish remarks from European Central Bank President Mario Draghi, today’s report that showed unexpected contraction of German industrial production (event A on the chart), and political uncertainty associated with this year’s elections in various European countries (France in particular as it may […]
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February 72017
US Dollar Rises Backed by Lower Trade Deficit and Positive Jobs Data
The US dollar gained significantly against its main competitors including the euro, the Canadian dollar and the Japanese yen. The greenback rose after the release of lower than expected US trade balance figures for December reported by the Bureau of Economic Analysis. The US dollar recovered most of the losses it had incurred during previous sessions against major currencies and was trading higher against most currencies at the time of writing. The US dollar index […]
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February 72017
US Dollar Rises Backed by Lower Trade Deficit and Positive Jobs Data
The US dollar gained significantly against its main competitors including the euro, the Canadian dollar and the Japanese yen. The greenback rose after the release of lower than expected US trade balance figures for December reported by the Bureau of Economic Analysis. The US dollar recovered most of the losses it had incurred during previous sessions against major currencies and was trading higher against most currencies at the time of writing. The US dollar index […]
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February 72017
Britain’s Pound Retreats, Finding No Support from Fundamentals
The Great Britain pound declined against most of its major rivals as economic data released over the trading session was not positive for the currency, while concerns about the Brexit erode investors’ interest in British assets. British Retail Consortium reported that like-for-like retails sales dropped 0.6% in January from a year ago after rising 1.0% in previous reporting period. The Halifax House Price Index fell 0.9% in January […]
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February 72017
Britain’s Pound Retreats, Finding No Support from Fundamentals
The Great Britain pound declined against most of its major rivals as economic data released over the trading session was not positive for the currency, while concerns about the Brexit erode investors’ interest in British assets. British Retail Consortium reported that like-for-like retails sales dropped 0.6% in January from a year ago after rising 1.0% in previous reporting period. The Halifax House Price Index fell 0.9% in January […]
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February 72017
New Zealand Dollar Surges on Inflation Expectations, Loses Gains Later
The New Zealand dollar surged intraday after the nation’s central bank released its inflation expectations, but the currency retreated later, trimming its gains against the euro and the Japanese yen, while losing them completely versus the US dollar. The Reserve Bank of New Zealand released its inflation expectations for the next two years. The report showed an increase of 1.9% compared to 1.7% in the previous reporting period. Now, traders wait for policy […]
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