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Day: November 10, 2017
November 102017
EUR/USD Rallies Briefly on Weak Consumer Sentiment Data
The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains. The EUR/USD currency pair rallied by over 50 points from its daily lows to hit a high of 1.1680, but quickly retraced […]
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November 102017
EUR/USD Rallies Briefly on Weak Consumer Sentiment Data
The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains. The EUR/USD currency pair rallied by over 50 points from its daily lows to hit a high of 1.1680, but quickly retraced […]
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November 102017
US Dollar Declines Against British Pound as Concerns About Tax Reform Grow
The US dollar dropped against the British Pound on Friday as the US Senate decided to delay a key part of the Republican tax reform for one year. The delay widely disappointed investorsâ hopes for a swift release of a list of tax cuts that would have provided a boost for the economy. Republicans at the Senate unveiled a tax plan on Thursday that greatly differed from the plan that Republicans of the House were hoping to pass. The Senateâs plan will delay […]
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November 102017
US Dollar Declines Against British Pound as Concerns About Tax Reform Grow
The US dollar dropped against the British Pound on Friday as the US Senate decided to delay a key part of the Republican tax reform for one year. The delay widely disappointed investorsâ hopes for a swift release of a list of tax cuts that would have provided a boost for the economy. Republicans at the Senate unveiled a tax plan on Thursday that greatly differed from the plan that Republicans of the House were hoping to pass. The Senateâs plan will delay […]
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November 102017
GBP/USD Trades Higher on Upbeat UK Trade Balance Data
The GBP/USD currency pair today rallied slightly higher after the release of upbeat UK trade balance data by the Office for National Statistics. The pair opened the European session trading in negative territory, which was quickly reversed after the release of the positive UK manufacturing data. The GBP/USD currency pair rallied by over 50 points from daily lows hit earlier in the session to hit a high of 1.3168 after the releases. The release of the UK industrial […]
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November 102017
GBP/USD Trades Higher on Upbeat UK Trade Balance Data
The GBP/USD currency pair today rallied slightly higher after the release of upbeat UK trade balance data by the Office for National Statistics. The pair opened the European session trading in negative territory, which was quickly reversed after the release of the positive UK manufacturing data. The GBP/USD currency pair rallied by over 50 points from daily lows hit earlier in the session to hit a high of 1.3168 after the releases. The release of the UK industrial […]
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