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Day: September 17, 2018
September 172018
Canadian Dollar Posts Gains As Investors Brace for Tense NAFTA Talks
The Canadian dollar, which enjoyed its biggest weekly gain since April last week, is posting modest gains on Monday as investors are bracing for a week of tense North American Free Trade Agreement (NAFTA) talks. Officials are being pressed to reach a deal, especially with Mexicoâs president-elect about to take office and the US holding midterm elections in November. Traders feel that the added pressure might lead to a conclusion, […]
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September 172018
Euro Trades Higher on Positive Inflation Data Amid Weak US Data
The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations. The EUR/USD currency pair today rallied from a low of 1.1618 in the early European session to an intra-day high of 1.1681 and was on an uptrend at the time of writing. The currency pair’s initial […]
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