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Day: April 25, 2017
April 252017
EUR/USD Reaches Highest Since September Following French Elections
EUR/USD gained today, touching the highest level since November. The reason for the rally was the French Presidential election over the weekend. The voting resulted in markets-favoredpro-euro centrist candidate Emmanuel Macron going to the second round with the biggest number of votes. Today’s economic data from the United States was fairly decent, with the very strong figures coming from the housing market, but the worse-than-expected consumer confidence. S&P/Case-Shiller home price index […]
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April 252017
Canadian Dollar Declines as US Imposes New Duties on Canadian Lumber Imports
The Canadian dollar weakened against the US dollar and a number of other major peers on Tuesday after the United States decided to impose higher duties on lumber coming from Canada. Traders preferred to stay off the market ahead of a highly anticipated report on Canadian retail sales in February that is due to be released tomorrow. The US Department of Commerce had an investigation of Canadian softwood lumber imports, which concluded that these imports […]
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April 252017
Canadian Dollar Declines as US Imposes New Duties on Canadian Lumber Imports
The Canadian dollar weakened against the US dollar and a number of other major peers on Tuesday after the United States decided to impose higher duties on lumber coming from Canada. Traders preferred to stay off the market ahead of a highly anticipated report on Canadian retail sales in February that is due to be released tomorrow. The US Department of Commerce had an investigation of Canadian softwood lumber imports, which concluded that these imports […]
Read more
April 252017
US Dollar Drops to New Lows Despite Positive US Data
The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index, the new homes sales report and the S&P/Case-Shiller US home price index. The US dollar was weaker for most of today’s session as tracked by the US Dollar index, which was trading 99.05 for the better part of the day. The US consumer confidence […]
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April 252017
US Dollar Drops to New Lows Despite Positive US Data
The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index, the new homes sales report and the S&P/Case-Shiller US home price index. The US dollar was weaker for most of today’s session as tracked by the US Dollar index, which was trading 99.05 for the better part of the day. The US consumer confidence […]
Read more