Day: December 13, 2017

December 13
2017

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

The EUR/USD currency pair today rallied to new highs during the early American session after the release of US CPI data by the Bureau of Labor Statistics. The currency pair had earlier dropped to new daily lows after an increase in US Treasury bond yields, which increased demand for the greenback. The EUR/USD currency pair rallied from a daily low of 1.1730 to hit a daily high of 1.1771 shortly after the release of the US CPI data. […]

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December 13
2017

Pound Retreats from Daily Highs on Weak UK Labor Market Report

The British pound today retreated from daily highs set against the US dollar earlier in the European session after the release of the UK labour market report for December. The pound’s decline against the US dollar was triggered by the jobless claims count, which posted a surprising increase in November. The GBP/USD currency pair retreated from a high of 1.3368 set just before the release of the employment report to hit an intra-day low of 1.3332. The currency pair […]

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December 13
2017

Rand Gains on Dollar Despite Slowing South African Inflation

The South African rand gained on the US dollar today even though nation’s inflation slowed last month more than was expected by analysts. Statistics South Africa reported that annual inflation was at 4.6% in November, down from 4.8% in October. That was below the consensus forecast of 4.7%. Month-on-month, consumer prices rose by 0.1%. Yet the miss did not prevent the rand from joining currencies of other emerging […]

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December 13
2017

Australian Dollar Fails to Maintain Rally, Losing Gains

The Australian dollar attempted to extend its rally today, but gains were limited, and the Aussie has lost them by now. Consequently, the currency was trading either flat or lower against its major rivals. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% in December. The report commented on the reading:   This is a surprisingly strong result and confirms the lift we have seen in the Index over the last three months. […]

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