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Day: August 18, 2017
August 182017
Canadian Dollar Climbs Against British Pound on Improved Inflation in July
The Canadian dollar surged against the British pound and the US dollar on Friday in the wake of a fresh reading for Canadian inflation, which showed that it had improved in July from a year earlier. The Canadian currency also rose against the US dollar and other major peers as investors became more optimistic that the Bank of Canada may increase its interest rates soon. Statistics Canada said in a press release today that the consumer […]
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August 182017
Canadian Dollar Climbs Against British Pound on Improved Inflation in July
The Canadian dollar surged against the British pound and the US dollar on Friday in the wake of a fresh reading for Canadian inflation, which showed that it had improved in July from a year earlier. The Canadian currency also rose against the US dollar and other major peers as investors became more optimistic that the Bank of Canada may increase its interest rates soon. Statistics Canada said in a press release today that the consumer […]
Read more
August 182017
US Dollar Weakens Against Euro Despite Positive Consumer Confidence Data
The US dollar today weakened against its main trading partner, the euro, despite positive consumer confidence data as tracked by the University of Michigan. The US dollar was depressed against the euro largely due to the uncertainty emanating from the White House as due to President Donald Trump‘s recent comments. The US Dollar Index, which tracks the performance of the US dollar against a basket of its peers, hit new daily lows below 93.40 […]
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August 182017
US Dollar Weakens Against Euro Despite Positive Consumer Confidence Data
The US dollar today weakened against its main trading partner, the euro, despite positive consumer confidence data as tracked by the University of Michigan. The US dollar was depressed against the euro largely due to the uncertainty emanating from the White House as due to President Donald Trump‘s recent comments. The US Dollar Index, which tracks the performance of the US dollar against a basket of its peers, hit new daily lows below 93.40 […]
Read more