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Day: October 3, 2017
October 32017
Canadian Dollar Flat as Traders Wait for Economic Data
The Canadian dollar was flat against its major rivals (though it gained on the Japanese yen) today ahead of important reports due to release at the end of this week. The drop of crude oil hardly affected the currency. Crude oil prices fell today as traders were repositioning themselves on the market at the start of the new quarter. Usually, the loonie closely follows moves of crude, but today the commodity was not leading the currency. One […]
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October 32017
Canadian Dollar Flat as Traders Wait for Economic Data
The Canadian dollar was flat against its major rivals (though it gained on the Japanese yen) today ahead of important reports due to release at the end of this week. The drop of crude oil hardly affected the currency. Crude oil prices fell today as traders were repositioning themselves on the market at the start of the new quarter. Usually, the loonie closely follows moves of crude, but today the commodity was not leading the currency. One […]
Read more
October 32017
EUR/USD Gains Ahead of Data-Heavy Week
The euro gained against the US dollar during the Tuesday’s quiet session ahead of the rest of the week, which will be very heavy on economic data from the United States. The shared 19-nation currency also gained on its other most-traded rivals. Analysts speculated that the drop was caused by investors who were unwinding their long positions after the long rally. The dollar was rising for three weeks straight against the basket […]
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October 32017
EUR/USD Gains Ahead of Data-Heavy Week
The euro gained against the US dollar during the Tuesday’s quiet session ahead of the rest of the week, which will be very heavy on economic data from the United States. The shared 19-nation currency also gained on its other most-traded rivals. Analysts speculated that the drop was caused by investors who were unwinding their long positions after the long rally. The dollar was rising for three weeks straight against the basket […]
Read more
October 32017
Pound Drops After Britain’s Construction Contracts Unexpectedly
The Great Britain pound dropped today after Britain’s construction sector unexpectedly contracted last month, causing worries about the state of the country’s economy and speculations that the Bank of England may refrain from tightening its monetary policy in the near future. The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managersâ Index fell from 51.1 in August to 48.1 in September. A reading below 50.0 indicates contraction of the sector. It was […]
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October 32017
Pound Drops After Britain’s Construction Contracts Unexpectedly
The Great Britain pound dropped today after Britain’s construction sector unexpectedly contracted last month, causing worries about the state of the country’s economy and speculations that the Bank of England may refrain from tightening its monetary policy in the near future. The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managersâ Index fell from 51.1 in August to 48.1 in September. A reading below 50.0 indicates contraction of the sector. It was […]
Read more
October 32017
Australian Dollar Slips after RBA & Building Approvals
The Australian dollar fell today after the Reserve Bank of Australia stood pat, leaving monetary policy without change, and building approvals rose less than was expected. The RBA kept its main interest rate at 1.5% as was widely expected. The central bank predicted that “the Australian economy will gradually pick up over the coming year,” but voiced concern about piling household debt and wage inflation, which […]
Read more
October 32017
Australian Dollar Slips after RBA & Building Approvals
The Australian dollar fell today after the Reserve Bank of Australia stood pat, leaving monetary policy without change, and building approvals rose less than was expected. The RBA kept its main interest rate at 1.5% as was widely expected. The central bank predicted that “the Australian economy will gradually pick up over the coming year,” but voiced concern about piling household debt and wage inflation, which […]
Read more