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Day: March 12, 2018
March 122018
Japanese Yen Rallies Following Poor Domestic Data
The Japanese yen rallied against its most-traded peers today even as macroeconomic data released in the Asian nation over the trading session was rather poor. The Japanese Ministry of Finance reported that the Business Survey Index for all industries fell from 6.2 in the December quarter of 2017 to 3.3 in the current quarter. The manufacturing index dropped from 9.7 to 2.9. While the data was bad, market analysts thought that it would […]
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March 122018
Australian Dollar Fails to Maintain Rally Despite Positive Fundamentals
The Australian dollar attempted to rally today but failed and has lost gains versus most of its major rivals by now. The rally was a response to the generally positive market sentiment that was caused by Friday’s good employment report in the United States. Additionally, the Aussie got support from the news that Australia will be exempt from the US tariffs. US President Donald Trump announced duties of 25% on steel and 10% […]
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