The US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing activity in October disappointed expectations. The ADP Research Institute, which publishes a monthly report on employment change in the United States two days ahead of government data, said that the labor market improved in October. The US nonfarm private sector […]
Read moreThe US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing activity in October disappointed expectations. The ADP Research Institute, which publishes a monthly report on employment change in the United States two days ahead of government data, said that the labor market improved in October. The US nonfarm private sector […]
Read moreThe British pound erased earlier gains against the US dollar and other major peers on Wednesday, despite the best reading for manufacturing activity since September. A separate report on housing prices in the United Kingdom revealed a healthy increase, however, the British currency failed to maintain its gains. A fresh report from IHS Markit, a research institute that releases monthly updates on manufacturing activity within major economies, showed that manufacturing activity […]
Read moreThe British pound erased earlier gains against the US dollar and other major peers on Wednesday, despite the best reading for manufacturing activity since September. A separate report on housing prices in the United Kingdom revealed a healthy increase, however, the British currency failed to maintain its gains. A fresh report from IHS Markit, a research institute that releases monthly updates on manufacturing activity within major economies, showed that manufacturing activity […]
Read moreThe Canadian dollar was largely stronger against the US dollar for most of today’s session boosted by a rally in global oil prices as tracked by the West Texas Intermediate. The release of the US ADP employment change report boosted the USD/CAD currency pair slightly higher, but the loonie rallied again to erase most of the pair’s gains. The USD/CAD currency pair today traded within a 43-point range by hitting a daily high of 1.2910 and a low of 1.2867, as at the time […]
Read moreThe Canadian dollar was largely stronger against the US dollar for most of today’s session boosted by a rally in global oil prices as tracked by the West Texas Intermediate. The release of the US ADP employment change report boosted the USD/CAD currency pair slightly higher, but the loonie rallied again to erase most of the pair’s gains. The USD/CAD currency pair today traded within a 43-point range by hitting a daily high of 1.2910 and a low of 1.2867, as at the time […]
Read moreThe Australian dollar rose against its major rivals today. Perhaps, decent economic data from Australia’s biggest trading partner, China, helped the currency as domestic reports were far from good. China’s manufacturing sector continued to growth with marginal pace as the Caixin Purchasing Managers’ Index remained at 51.0 in October, unchanged from September. Meanwhile, the Manufacturing Index reported by Australian Industry Group fell from 54.2 in September […]
Read moreThe Australian dollar rose against its major rivals today. Perhaps, decent economic data from Australia’s biggest trading partner, China, helped the currency as domestic reports were far from good. China’s manufacturing sector continued to growth with marginal pace as the Caixin Purchasing Managers’ Index remained at 51.0 in October, unchanged from September. Meanwhile, the Manufacturing Index reported by Australian Industry Group fell from 54.2 in September […]
Read moreThe New Zealand dollar rallied against its most-traded peers today thanks to amazing jobs data. It allowed the currency to overcome negative fundamentals, which could have weighed on the kiwi otherwise. The report for September quarter showed that the number of employed people climbed by 2.2% from the previous three months, demonstrating a far bigger increase than predicted 0.8%. The unemployment rate slipped form 4.8% to 4.6%. It was not […]
Read moreThe New Zealand dollar rallied against its most-traded peers today thanks to amazing jobs data. It allowed the currency to overcome negative fundamentals, which could have weighed on the kiwi otherwise. The report for September quarter showed that the number of employed people climbed by 2.2% from the previous three months, demonstrating a far bigger increase than predicted 0.8%. The unemployment rate slipped form 4.8% to 4.6%. It was not […]
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