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Day: July 20, 2018
July 202018
Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data
The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic releases. The USD/CAD currency pair today dropped from a high of 1.3289 to hit a low of 1.3117 after the Canadian releases. The currency pair headed lower due […]
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July 202018
Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data
The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic releases. The USD/CAD currency pair today dropped from a high of 1.3289 to hit a low of 1.3117 after the Canadian releases. The currency pair headed lower due […]
Read more
July 202018
EUR/USD Trades Sideways on Italian Political Concerns
The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday. The EUR/USD currency pair today traded in a range between a high of 1.1673 and a low of 1.1626 up to the time of writing. The currency pair rallied slightly in the Asian session capitalizing on the US dollar […]
Read more
July 202018
EUR/USD Trades Sideways on Italian Political Concerns
The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday. The EUR/USD currency pair today traded in a range between a high of 1.1673 and a low of 1.1626 up to the time of writing. The currency pair rallied slightly in the Asian session capitalizing on the US dollar […]
Read more