Day: October 11, 2017

October 11
2017

USD/CAD Dips After FOMC Minutes Show Dovish Stance

The Canadian dollar rose against its US counterpart today as the greenback was driven down by unexpectedly dovish minutes of the Federal Open Market Committee. The loonie also gained versus most other major rivals and trimmed losses versus the euro thanks to the rally of crude oil that followed the release of the FOMC minutes. While the Committee said it does not expect the hurricanes to have a long-term impact on the US economy, some of its […]

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October 11
2017

USD/CAD Dips After FOMC Minutes Show Dovish Stance

The Canadian dollar rose against its US counterpart today as the greenback was driven down by unexpectedly dovish minutes of the Federal Open Market Committee. The loonie also gained versus most other major rivals and trimmed losses versus the euro thanks to the rally of crude oil that followed the release of the FOMC minutes. While the Committee said it does not expect the hurricanes to have a long-term impact on the US economy, some of its […]

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October 11
2017

Pound Stable amid Argument About Chances of BoE Rate Hike

The Great Britain pound was mostly stable today as market analysts argued whether the outlook for monetary tightening from the Bank of England is warranted considering the Brexit uncertainties. Some analysts were encouraged by recent macroeconomic data. They claimed that the BoE will hike interest rates, perhaps as soon as the next month. Others were not so certain and thought that any gains of the pound should be considered as a good […]

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October 11
2017

Pound Stable amid Argument About Chances of BoE Rate Hike

The Great Britain pound was mostly stable today as market analysts argued whether the outlook for monetary tightening from the Bank of England is warranted considering the Brexit uncertainties. Some analysts were encouraged by recent macroeconomic data. They claimed that the BoE will hike interest rates, perhaps as soon as the next month. Others were not so certain and thought that any gains of the pound should be considered as a good […]

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October 11
2017

US Dollar Retreats as Job Openings Decrease in August

The US dollar retreated against the euro on Wednesday after a fresh report revealed a weaker job market than what analysts had expected. The release also weighed on an index that tracks the greenback’s strength, pushing it to the lowest level in about two weeks. The Bureau of Labor Statistics said in a report on labor turnover for August that the month saw 6.082 million job openings, which missed estimates of 6.125 million openings. The number […]

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October 11
2017

US Dollar Retreats as Job Openings Decrease in August

The US dollar retreated against the euro on Wednesday after a fresh report revealed a weaker job market than what analysts had expected. The release also weighed on an index that tracks the greenback’s strength, pushing it to the lowest level in about two weeks. The Bureau of Labor Statistics said in a report on labor turnover for August that the month saw 6.082 million job openings, which missed estimates of 6.125 million openings. The number […]

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October 11
2017

Australian Dollar Reverses Gains Caused by Improving Consumer Sentiment

The Australian dollar jumped today after the release of positive macroeconomic data in Australia but reversed its gains shortly afterwards and is now trading near the opening level. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% in October from September. The report said:   This is the first time since November last year that optimists have outnumbered pessimists and represents the highest level of the Index since October […]

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October 11
2017

Australian Dollar Reverses Gains Caused by Improving Consumer Sentiment

The Australian dollar jumped today after the release of positive macroeconomic data in Australia but reversed its gains shortly afterwards and is now trading near the opening level. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% in October from September. The report said:   This is the first time since November last year that optimists have outnumbered pessimists and represents the highest level of the Index since October […]

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October 11
2017

Euro Stable as Catalonia’s Struggle for Independence Continues

The euro was stable today as the story of Catalonia’s fight for independence continued to unfold. Catalan President Carles Puigdemont stopped short of announcing formal independence, saying he wants to leave doors open to negotiations with the Spanish government. Instead of talks, Spanish Prime Minister Mariano Rajoy threatened to initiate the Article 155 of the constitution, which would suspend Catalan autonomy and allow Madrid to take direct control over the region. For now, markets […]

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October 11
2017

Euro Stable as Catalonia’s Struggle for Independence Continues

The euro was stable today as the story of Catalonia’s fight for independence continued to unfold. Catalan President Carles Puigdemont stopped short of announcing formal independence, saying he wants to leave doors open to negotiations with the Spanish government. Instead of talks, Spanish Prime Minister Mariano Rajoy threatened to initiate the Article 155 of the constitution, which would suspend Catalan autonomy and allow Madrid to take direct control over the region. For now, markets […]

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