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Day: May 9, 2017
May 92017
US Dollar Climbs Against Most Major Peers on Positive Interest Rates Outlook
The US dollar rose against a basket of its major peers on Tuesday as traders embraced more risk amid improved near future outlook for the US monetary policy. A number of speeches from officials of the Federal Reserve gave out strong signals for higher interest rates when the US central bank holds its next meeting on June 13. Cleveland Federal Reserve President Loretta Mester said during a speech to the Chicago Council […]
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May 92017
US Dollar Climbs Against Most Major Peers on Positive Interest Rates Outlook
The US dollar rose against a basket of its major peers on Tuesday as traders embraced more risk amid improved near future outlook for the US monetary policy. A number of speeches from officials of the Federal Reserve gave out strong signals for higher interest rates when the US central bank holds its next meeting on June 13. Cleveland Federal Reserve President Loretta Mester said during a speech to the Chicago Council […]
Read more
May 92017
USD/CAD Rallies Higher on Weak Canadian Building Permits Data
The USD/CAD currency pair today rallied higher after the release of Canada’s building permits data for the month of March released by Statistics Canada, which did not meet expectations. The Canadian dollar was largely weaker against the US dollar even as crude oil prices faced uncertainty regarding the renewal of oil supply cuts by OPEC countries. The currency pair gained over 80 points at the height of its rally even as the US dollar as tracked […]
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May 92017
USD/CAD Rallies Higher on Weak Canadian Building Permits Data
The USD/CAD currency pair today rallied higher after the release of Canada’s building permits data for the month of March released by Statistics Canada, which did not meet expectations. The Canadian dollar was largely weaker against the US dollar even as crude oil prices faced uncertainty regarding the renewal of oil supply cuts by OPEC countries. The currency pair gained over 80 points at the height of its rally even as the US dollar as tracked […]
Read more