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Day: September 14, 2018
September 142018
Canadian Dollar Poised for Biggest Weekly Gain Since April
The Canadian dollar weakened on Friday, but the loonie is still on track for its biggest weekly gain in about five months. The currency recorded gains on surging oil prices, but they were capped on reports that the US and Mexico might exclude Canada from a trade deal, especially with the month-end deadline on the horizon. Earlier this week, it was reported that the US and Mexico want to reach a trade deal by October […]
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September 142018
British Pound Trades Sideways Near 6-Week Highs on Carney Speech
The British pound today managed to hold on to yesterday’s gains following the disappointing US inflation figures that triggered its rally. The GBP/USD currency pair today rallied slightly higher to trade very close to its 6-week high and held on to its gains during the BoE Governor Mark Carney‘s speech today. The GBP/USD currency pair today traded in a range between a low of 1.3106 and a high of 1.3139 and was trending lower at the time of writing. […]
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September 142018
EUR/USD Retreats After US Macroeconomic Releases
EUR/USD attempted to rally today but reversed its upward movement at 8:00 GMT and accelerated decline after the release of macroeconomic reports from the United States. That was surprising considering that many of them, while not being outright negative, missed expectations. Some market analysts explained the decline by cooling hopes for US-China trade talks. Retail sales rose just 0.1% in August, missing the analysts’ average estimate of a 0.4% […]
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