Day: April 12, 2017

April 12
2017

EUR/USD Surges After Trump Says Dollar Too Strong

EUR/USD surged during Wednesday’s late trading after US President Donald Trump said that the dollar is too strong. Today’s economic data from the United States was not particularly impressive, giving no support to the greenback. US import prices fell by 0.2% in March (close to the forecasts of a 0.3% drop) while export prices increased by the same rate. Import prices were up 0.4% in February (revised from […]

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April 12
2017

Canadian Dollar Strengthens Against US Dollar on BoC Interest Rate Announcement

The Canadian dollar today strengthened against the US dollar even as the Bank of Canada announced that its interest rates will remain unchanged. Although the bank maintained interest rates, it highlighted the fact that the Canadian economy could achieve sustainable growth into the future. The USD/CAD currency pair today hit new session lows as the currency pair lost about 100 points at the height of its decline, but had retraced […]

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April 12
2017

Canadian Dollar Strengthens Against US Dollar on BoC Interest Rate Announcement

The Canadian dollar today strengthened against the US dollar even as the Bank of Canada announced that its interest rates will remain unchanged. Although the bank maintained interest rates, it highlighted the fact that the Canadian economy could achieve sustainable growth into the future. The USD/CAD currency pair today hit new session lows as the currency pair lost about 100 points at the height of its decline, but had retraced […]

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April 12
2017

Sterling Flat as Employment Data Doesn’t Help in Establishing Trend

The Great Britain pound traded basically flat today after the release of employment data. The report was mixed, giving the currency no help in finding a direction to move. Average weekly earnings rose 2.3% in the three months to February from the same period a year ago, the same as in the previous reporting period, while forecaster had predicted slowdown of wage inflation to 2.1%. The unemployment rate was steady at 4.7% — the lowest since August 1975. […]

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April 12
2017

Sterling Flat as Employment Data Doesn’t Help in Establishing Trend

The Great Britain pound traded basically flat today after the release of employment data. The report was mixed, giving the currency no help in finding a direction to move. Average weekly earnings rose 2.3% in the three months to February from the same period a year ago, the same as in the previous reporting period, while forecaster had predicted slowdown of wage inflation to 2.1%. The unemployment rate was steady at 4.7% — the lowest since August 1975. […]

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April 12
2017

Aussie Posts Small Losses After Data from Australia & China

The Australian dollar fell after the release of economic reports from Australia and China, but the losses were rather limited despite the nervous sentiment among investors due to rising geopolitical risks. China’s official Consumer Price Index rose 0.9% in March, year-on-year, more than in the previous month (0.8%) but less than analysts had predicted (1.1%). The Producer Price Index was up 7.6% in March, year-on-year, less than […]

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April 12
2017

Aussie Posts Small Losses After Data from Australia & China

The Australian dollar fell after the release of economic reports from Australia and China, but the losses were rather limited despite the nervous sentiment among investors due to rising geopolitical risks. China’s official Consumer Price Index rose 0.9% in March, year-on-year, more than in the previous month (0.8%) but less than analysts had predicted (1.1%). The Producer Price Index was up 7.6% in March, year-on-year, less than […]

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