Day: April 11, 2017

April 11
2017

Canadian Dollar Gains Against Most Peers Ahead of BoC Interest Rate Decision

The Canadian dollar traded marginally lower against the US dollar and other major peers on Tuesday, as crude oil prices continued to head higher due to growing concerns that global supply might be disrupted. The loonie was lower today as traders anticipated a monetary policy decision from the Bank of Canada tomorrow. Prices of crude oil gained about 10% in the past two weeks, as supply disruptions drove the value of crude higher. […]

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April 11
2017

Canadian Dollar Gains Against Most Peers Ahead of BoC Interest Rate Decision

The Canadian dollar traded marginally lower against the US dollar and other major peers on Tuesday, as crude oil prices continued to head higher due to growing concerns that global supply might be disrupted. The loonie was lower today as traders anticipated a monetary policy decision from the Bank of Canada tomorrow. Prices of crude oil gained about 10% in the past two weeks, as supply disruptions drove the value of crude higher. […]

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April 11
2017

Euro Drops Despite Improving Economic Sentiment

The euro dropped against its major peers (with the exception of the US dollar) today even though the economic sentiment indicators for Germany and the whole eurozone improved. The ZEW Indicator of Economic Sentiment for Germany climbed from 12.8 to 19.5 in April, far above the consensus forecast of 13.2. The index of the current economic situation in Germany also improved. The index of economic expectations for the eurozone improved from 25.6 to 26.3 instead of falling to 25.0 as forecasters had […]

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April 11
2017

Euro Drops Despite Improving Economic Sentiment

The euro dropped against its major peers (with the exception of the US dollar) today even though the economic sentiment indicators for Germany and the whole eurozone improved. The ZEW Indicator of Economic Sentiment for Germany climbed from 12.8 to 19.5 in April, far above the consensus forecast of 13.2. The index of the current economic situation in Germany also improved. The index of economic expectations for the eurozone improved from 25.6 to 26.3 instead of falling to 25.0 as forecasters had […]

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April 11
2017

US Dollar Weakens Against Japanese Yen as Investors’ Risk Appetite Declines

The US dollar today weakened against the Japanese yen as the markets became risk averse following a decline in US treasury yields. The US dollar is experiencing its worst performance this month as the USD/JPY currency pair declined to record lows as investors sold the greenback and bought the Japanese yen. The greenback performed extremely poor during today’s session as tracked by the US Dollar Index given that the index had declined from its […]

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April 11
2017

US Dollar Weakens Against Japanese Yen as Investors’ Risk Appetite Declines

The US dollar today weakened against the Japanese yen as the markets became risk averse following a decline in US treasury yields. The US dollar is experiencing its worst performance this month as the USD/JPY currency pair declined to record lows as investors sold the greenback and bought the Japanese yen. The greenback performed extremely poor during today’s session as tracked by the US Dollar Index given that the index had declined from its […]

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April 11
2017

Great Britain Pound Little-Changed During Quiet Tuesday’s Trading

The Great Britain pound was steady on Tuesday, the same as some other currencies (like the Australian dollar). Britain’s economic reports were mixed, giving the currency no reason to go one way or the other. Retail sales reported by British Retail Consortium dropped 1.0% in March from a year ago, though the report said that data released ahead of the volatile Easter period may be unreliable. Meanwhile, consumer price annual […]

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April 11
2017

Great Britain Pound Little-Changed During Quiet Tuesday’s Trading

The Great Britain pound was steady on Tuesday, the same as some other currencies (like the Australian dollar). Britain’s economic reports were mixed, giving the currency no reason to go one way or the other. Retail sales reported by British Retail Consortium dropped 1.0% in March from a year ago, though the report said that data released ahead of the volatile Easter period may be unreliable. Meanwhile, consumer price annual […]

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April 11
2017

Australian Dollar Steady on Tuesday

The Australian dollar was little changed today even though domestic macroeconomic data released over the trading session was relatively decent and supportive to the currency. The business confidence index released by National Bank of Australia today showed a small drop from 7 in February to 6 in March. At the same time, the business conditions index edged up from 9 to 14. Overall, the report was fairly positive, saying: Results from the March […]

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April 11
2017

Australian Dollar Steady on Tuesday

The Australian dollar was little changed today even though domestic macroeconomic data released over the trading session was relatively decent and supportive to the currency. The business confidence index released by National Bank of Australia today showed a small drop from 7 in February to 6 in March. At the same time, the business conditions index edged up from 9 to 14. Overall, the report was fairly positive, saying: Results from the March […]

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