Day: May 18, 2017

May 18
2017

EUR/USD Falls After Four Sessions of Gains

EUR/USD declined today following four consecutive sessions of gains as US economic data released over the current session was surprisingly good for the most part. It allowed the dollar to overcome the impact of US politics. Yet the troubles have not ended yet as Reuters reported that people involved in Donald Trump’s campaign had at least 18 undisclosed contacts with Russians during the Presidential election. That added to controversies surrounding […]

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May 18
2017

Brazilian Real Sinks as Political Scandal Emerges

The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe. Brazilian newspaper O Globo reported late Wednesday that Temer made an attempt to pay former House Speaker Eduardo Cunha to secure his silence in the country’s biggest-ever graft investigation. That led to speculations that the President may be […]

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May 18
2017

Brazilian Real Sinks as Political Scandal Emerges

The Brazilian real sank about 7% during the current trading session after allegations were made that the country’s President Michel Temer made an attempt to bribe a witness in a graft probe. Brazilian newspaper O Globo reported late Wednesday that Temer made an attempt to pay former House Speaker Eduardo Cunha to secure his silence in the country’s biggest-ever graft investigation. That led to speculations that the President may be […]

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May 18
2017

US Dollar Stabilizes Against Major Peers as Trump Woes Diminish

The US dollar was little changed on Thursday after maintaining most of the losses it had over the past two days amid higher uncertainty about the prospects of Donald Trump’s economic agenda. A series of political developments this week left the US president in a difficult position, which weighed on the greenback, but the currency limited its decline as positive economic data eased traders’ concerns. The latest controversy to surround Trump came in the wake […]

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May 18
2017

US Dollar Stabilizes Against Major Peers as Trump Woes Diminish

The US dollar was little changed on Thursday after maintaining most of the losses it had over the past two days amid higher uncertainty about the prospects of Donald Trump’s economic agenda. A series of political developments this week left the US president in a difficult position, which weighed on the greenback, but the currency limited its decline as positive economic data eased traders’ concerns. The latest controversy to surround Trump came in the wake […]

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May 18
2017

Japanese Yen Pauses Rally as Risk Aversion Eases Somewhat

The Japanese yen paused its rally against the US dollar and some other currencies as risk aversion caused by US politics eased a bit. Yet fears were not gone completely and may return in full force as clouds are gathering over US President Donald Trump and his future as a head of the United States. According to Reuters report, some US officials claimed that people participating in Trump’s election campaign made […]

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May 18
2017

Japanese Yen Pauses Rally as Risk Aversion Eases Somewhat

The Japanese yen paused its rally against the US dollar and some other currencies as risk aversion caused by US politics eased a bit. Yet fears were not gone completely and may return in full force as clouds are gathering over US President Donald Trump and his future as a head of the United States. According to Reuters report, some US officials claimed that people participating in Trump’s election campaign made […]

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May 18
2017

GBP/USD Breaks 1.30 Level After Retail Sales Data

The GBP/USD currency pair rallied today, breaking the psychologically important 1.30 level and trading near the highest level since September. Other sterling crosses were also trading higher, though the pound was unable to maintain its gains versus the Japanese yen. Britain’s retail sales climbed by 2.3% in April after falling by 1.4% in March. The gain was almost two times the increase predicted by analysts. Some experts speculated that […]

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May 18
2017

GBP/USD Breaks 1.30 Level After Retail Sales Data

The GBP/USD currency pair rallied today, breaking the psychologically important 1.30 level and trading near the highest level since September. Other sterling crosses were also trading higher, though the pound was unable to maintain its gains versus the Japanese yen. Britain’s retail sales climbed by 2.3% in April after falling by 1.4% in March. The gain was almost two times the increase predicted by analysts. Some experts speculated that […]

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May 18
2017

Australian Dollar Shows Muted Reaction to Good Employment Data

Australian employment data released during the current trading session looked decent, with a surprising surge of employment and an unexpected drop of the unemployment rate. Yet the Australian dollar showed muted reaction to the news, quickly giving up most of its gains it has logged after the report. Australian employment surged by 37,400 in April from March, far exceeding forecasts that were promising a modest rise by 4,500. The gain followed the previous […]

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