Day: September 26, 2017

September 26
2017

EUR/USD Falls for Second Day, Ignores US Data

EUR/USD fell today, declining for the second day, as the inconclusive outcome of the German federal election overshadowed falling US consumer confidence and home sales. S&P/Case-Shiller home price index rose 5.8% in July, year-on-year, compared to the forecast of 5.7% and the previous month’s increase if 5.6%. Month-over-month, the index was up 0.7%. (Event A on the chart.) Richmond Fed manufacturing index rose from 14 to 19 in September, whereas analysts were expecting the indicator […]

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September 26
2017

Canadian Dollar Declines Against US Dollar on Weak Oil Prices

The USD/CAD currency pair today hit new three-week highs as the US dollar rallied against its Canadian counterpart even as global oil prices retreated from 5-month tops. The US dollar rallied into the American session disregarding the release of disappointing new home sales data and weak consumer confidence data. The USD/CAD currency pair rallied by about 40 points from its opening price to hit new three-week highs […]

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September 26
2017

Canadian Dollar Declines Against US Dollar on Weak Oil Prices

The USD/CAD currency pair today hit new three-week highs as the US dollar rallied against its Canadian counterpart even as global oil prices retreated from 5-month tops. The US dollar rallied into the American session disregarding the release of disappointing new home sales data and weak consumer confidence data. The USD/CAD currency pair rallied by about 40 points from its opening price to hit new three-week highs […]

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September 26
2017

NZ Dollar Under Pressure from Election Outcome, Poor Data

The New Zealand dollar fell for the second consecutive day today, driven down by the outcome of the weekend general election as well as today’s macroeconomic data that was extremely poor. The ruling National party gained the most of the seats in the parliament after the election that took place on September 23, but failed to secure a clear majority, resulting in a hung parliament. The New Zealand trade balance turned from surplus in July to a deficit of NZ$1.2 billion […]

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September 26
2017

NZ Dollar Under Pressure from Election Outcome, Poor Data

The New Zealand dollar fell for the second consecutive day today, driven down by the outcome of the weekend general election as well as today’s macroeconomic data that was extremely poor. The ruling National party gained the most of the seats in the parliament after the election that took place on September 23, but failed to secure a clear majority, resulting in a hung parliament. The New Zealand trade balance turned from surplus in July to a deficit of NZ$1.2 billion […]

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September 26
2017

Euro Falls for Second Day After German Election

The euro fell today, retreating for the second day in a row, as the inconclusive outcome of the German federal election over the weekend led to political uncertainty in Europe. Christian Democratic Union party of German Chancellor Angela Merkel won the election, as was widely expected, but gained just a third of votes — the worst result in almost 70 years. Their main opposition Social Democratic Party was the second, but had the worst result on the record. At the same […]

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September 26
2017

Euro Falls for Second Day After German Election

The euro fell today, retreating for the second day in a row, as the inconclusive outcome of the German federal election over the weekend led to political uncertainty in Europe. Christian Democratic Union party of German Chancellor Angela Merkel won the election, as was widely expected, but gained just a third of votes — the worst result in almost 70 years. Their main opposition Social Democratic Party was the second, but had the worst result on the record. At the same […]

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