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Day: October 6, 2017
October 62017
EUR/USD Drops After NFP Fall, Rebounds Later
EUR/USD was moving mostly sideways ahead of the release of nonfarm payrolls and dropped after the report came out, even though it showed the first drop of US employment in seven years. Yet markets were unfazed as the report mentioned that the result was affected by the damage done by two hurricanes, meaning that the decline does not reflect the underlying strength of the US economy. What is more, other components of the data were […]
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October 62017
USD/CAD Rallies Briefly on Mixed Employment Data from Canada
The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted the currency pair causing it to rally, then quickly decline. The USD/CAD currency pair rallied higher briefly to hit a high of 1.2598, before quickly declining to hit a low of 1.2539, then retraced some of its losses. The release of the Canadian […]
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October 62017
USD/CAD Rallies Briefly on Mixed Employment Data from Canada
The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted the currency pair causing it to rally, then quickly decline. The USD/CAD currency pair rallied higher briefly to hit a high of 1.2598, before quickly declining to hit a low of 1.2539, then retraced some of its losses. The release of the Canadian […]
Read more
October 62017
US Dollar Climbs Against Euro as Catalonian Crisis Escalates
The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data. The Catalonian fight for independence from Spain escalated as separatists in the region appeared to be moving toward direct confrontation. Protests broke out across Catalonia following an independence referendum on Sunday. […]
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October 62017
US Dollar Climbs Against Euro as Catalonian Crisis Escalates
The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data. The Catalonian fight for independence from Spain escalated as separatists in the region appeared to be moving toward direct confrontation. Protests broke out across Catalonia following an independence referendum on Sunday. […]
Read more