Day: November 1, 2017

November 1
2017

US Dollar Rises as Strong Labor Data Outweighs Low Manufacturing Activity

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 […]

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November 1
2017

US Dollar Rises as Strong Labor Data Outweighs Low Manufacturing Activity

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 […]

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November 1
2017

British Pound Erases Early Gains Despite Highest Manufacturing Activity in Two Months

The 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 […]

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November 1
2017

British Pound Erases Early Gains Despite Highest Manufacturing Activity in Two Months

The 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 […]

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November 1
2017

Canadian Dollar Gains Against US Dollar on Strong Oil Prices

The 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 […]

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November 1
2017

Canadian Dollar Gains Against US Dollar on Strong Oil Prices

The 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 […]

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November 1
2017

Australian Dollar Gains, Getting Boost from China Manufacturing PMI

The 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 […]

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November 1
2017

Australian Dollar Gains, Getting Boost from China Manufacturing PMI

The 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 […]

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November 1
2017

Amazing Jobs Data Allows NZ Dollar Overcome Negative Fundamentals

The 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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November 1
2017

Amazing Jobs Data Allows NZ Dollar Overcome Negative Fundamentals

The 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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