Day: April 26, 2017

April 26
2017

New Zealand Dollar weakens Against US Counterpart Following Trump Tweet on Dairy Industry

The New Zealand dollar dropped on Wednesday against its US peer to continue a steep decline that began on April 24. Today’s declined followed remarks made by US President Donald Trump on Twitter regarding the US dairy industry yesterday. Trump’s tweet said that Canada increased the difficulty that US dairy farmers in Wisconsin and other border states face when competing with the prices of milk and dairy products imported […]

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April 26
2017

New Zealand Dollar weakens Against US Counterpart Following Trump Tweet on Dairy Industry

The New Zealand dollar dropped on Wednesday against its US peer to continue a steep decline that began on April 24. Today’s declined followed remarks made by US President Donald Trump on Twitter regarding the US dairy industry yesterday. Trump’s tweet said that Canada increased the difficulty that US dairy farmers in Wisconsin and other border states face when competing with the prices of milk and dairy products imported […]

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April 26
2017

USD/CAD Trades Sideways After Disappointing Canadian Retail Sales Data

The USD/CAD currency pair briefly rallied higher after the release of disappointing Canadian retail sales data for the month of February, but later declined. The currency pair performed much better today even as the retail sales data weakened the Canadian dollar, which came under intense selling pressure briefly after the release. The currency pair was trading in a choppy manner today as it declined before the release then rallied briefly, but […]

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April 26
2017

USD/CAD Trades Sideways After Disappointing Canadian Retail Sales Data

The USD/CAD currency pair briefly rallied higher after the release of disappointing Canadian retail sales data for the month of February, but later declined. The currency pair performed much better today even as the retail sales data weakened the Canadian dollar, which came under intense selling pressure briefly after the release. The currency pair was trading in a choppy manner today as it declined before the release then rallied briefly, but […]

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April 26
2017

Yen on Back Foot as Investors Have Confidence to Risk

The Japanese yen was on a defensive during the Wednesday’s trading session as the market sentiment continued to favor riskier currencies over safer ones. Fears caused by the French Presidential election continued to recede as markets welcomed the outcome of the first round of voting. Traders will watch tomorrow’s policy statement of the Bank of Japan, which may show whether Japanese policy makers plan to end extremely accommodative monetary policy in the foreseeable future. Outside of Japan, […]

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April 26
2017

Yen on Back Foot as Investors Have Confidence to Risk

The Japanese yen was on a defensive during the Wednesday’s trading session as the market sentiment continued to favor riskier currencies over safer ones. Fears caused by the French Presidential election continued to recede as markets welcomed the outcome of the first round of voting. Traders will watch tomorrow’s policy statement of the Bank of Japan, which may show whether Japanese policy makers plan to end extremely accommodative monetary policy in the foreseeable future. Outside of Japan, […]

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April 26
2017

AUD/USD Drops for Third Day as Australian CPI Misses Expectations

The Australian dollar dropped today, falling for the third straight day against its US counterpart. The reason for the decline was the inflation report that missed expectations, even though the disparity was minimal. The Australian Consumer Price Index rose 0.5% in the March quarter from the previous three months, the same as in the December quarter. Markets had expected a bit faster growth by 0.6%. While markets considered the data to be dovish, analysts do […]

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April 26
2017

AUD/USD Drops for Third Day as Australian CPI Misses Expectations

The Australian dollar dropped today, falling for the third straight day against its US counterpart. The reason for the decline was the inflation report that missed expectations, even though the disparity was minimal. The Australian Consumer Price Index rose 0.5% in the March quarter from the previous three months, the same as in the December quarter. Markets had expected a bit faster growth by 0.6%. While markets considered the data to be dovish, analysts do […]

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