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Day: February 23, 2017
February 232017
Canadian Dollar Rises Against US Peer Ahead of Consumer Price Index Data
The Canadian dollar rose against its US counterpart on Thursday, as traders anticipate the release of the Canadian consumer price index data tomorrow. Another release from the US Federal Reserve on Wednesday contained no strong signals for an interest rate hike in March, which left the greenback unsupported today. Statistics Canada is due to release the Canadian CPI data for January on Friday. Another data release from the statistical office showed that […]
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February 232017
Canadian Dollar Rises Against US Peer Ahead of Consumer Price Index Data
The Canadian dollar rose against its US counterpart on Thursday, as traders anticipate the release of the Canadian consumer price index data tomorrow. Another release from the US Federal Reserve on Wednesday contained no strong signals for an interest rate hike in March, which left the greenback unsupported today. Statistics Canada is due to release the Canadian CPI data for January on Friday. Another data release from the statistical office showed that […]
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February 232017
EUR/USD Rallies as Optimism for Trump’s Tax Reforms Wanes
EUR/USD rallied today for the second day in a row. The current trading session was light on economic data, therefore it was not the reason for the rally. The likely reason was the comments from US Treasury Secretary Steven Mnuchin about the planned tax cuts and other reforms. US President Donald Trump talked about “phenomenal” tax reforms earlier, but markets did not see anything phenomenal in measures described by Mnuchin, […]
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February 232017
US Dollar Plummets After Steven Mnuchin Interview and Jobless Claims Data
The US dollar today plummeted to new lows today after the US Treasury Secretary Steven Mnuchin failed to clarify the details of Donald Trump’s ‘phenomenal tax’ plan during an interview. The greenback was also affected negatively by the higher-than-expected initial jobless claims data for last week. The US dollar weakened against its main competitors such as the euro and the Japanese yen retracing most of the gains made during previous sessions. The US Dollar […]
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February 232017
US Dollar Plummets After Steven Mnuchin Interview and Jobless Claims Data
The US dollar today plummeted to new lows today after the US Treasury Secretary Steven Mnuchin failed to clarify the details of Donald Trump’s ‘phenomenal tax’ plan during an interview. The greenback was also affected negatively by the higher-than-expected initial jobless claims data for last week. The US dollar weakened against its main competitors such as the euro and the Japanese yen retracing most of the gains made during previous sessions. The US Dollar […]
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February 232017
Aussie Bounces After Intraday Drop
The Australian dollar dipped intraday, but the losses were short-lived, and the currency has climbed above the opening level by now. Other commodity currencies, like the Canadian and New Zealand dollar, demonstrated the similar performance during the Thursday’s trading session. The Australian currency dropped initially as private capital expenditure showed a drop by 2.1% in the December quarter from the previous three months (seasonally adjusted). While the drop was not as big as the one in the September […]
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February 232017
Aussie Bounces After Intraday Drop
The Australian dollar dipped intraday, but the losses were short-lived, and the currency has climbed above the opening level by now. Other commodity currencies, like the Canadian and New Zealand dollar, demonstrated the similar performance during the Thursday’s trading session. The Australian currency dropped initially as private capital expenditure showed a drop by 2.1% in the December quarter from the previous three months (seasonally adjusted). While the drop was not as big as the one in the September […]
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February 232017
Pound Gains on Dollar & Euro After Retail Sales Data
The Great Britain pound rose against the US dollar and the euro today thanks to improving retail sales, though analysts were not entirely optimistic. The Confederation of British Industry released a retail sales survey that showed a reading of +9% for February, up from -8% in January. Furthermore, the reading was above the analysts’ median estimate of +5%. Yet not the entire report was positive as Ben Jones, principal economist at the CBI, voiced […]
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February 232017
Pound Gains on Dollar & Euro After Retail Sales Data
The Great Britain pound rose against the US dollar and the euro today thanks to improving retail sales, though analysts were not entirely optimistic. The Confederation of British Industry released a retail sales survey that showed a reading of +9% for February, up from -8% in January. Furthermore, the reading was above the analysts’ median estimate of +5%. Yet not the entire report was positive as Ben Jones, principal economist at the CBI, voiced […]
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February 232017
Canadian Dollar Falls, Trims Losses After Fed Minutes
The Canadian dollar fell on Wednesday due to the drop of crude oil prices and unfavorable domestic macroeconomic data. The currency managed to trim its losses after the release of policy minutes from the Federal Reserve. Crude oil fell during the Wednesday’s trading session and, as it often happens, the Canadian currency followed movement of the commodity. Retail sales decreased 0.5% in December following the 0.3% increase in November. That was an unpleasant surprise to economists […]
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