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Day: September 20, 2018
September 202018
NAFTA, Higher Energy Prices Push Up the Canadian Dollar
The Canadian dollar is trading higher on Thursday on higher energy prices and renewed North American Free Trade Agreement (NAFTA) negotiations between Canadian and US officials. With NAFTA talks at a standstill, the loonie has been finding support from rallying crude oil, allowing the currency to near a three-week high. This week, officials will gather in Washington to find an agreement on a new NAFTA pact. Washington says that a deal must […]
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September 202018
Pound Rallies on Upbeat UK Retail Sales and Weak US Dollar
The British pound today rallied higher against the US dollar following the release of the latest UK retail sales data in the early European session, which beat expectations. The GBP/USD currency pair hit new 2-month highs following today’s releases and the weaker US dollar, but remains susceptible to Brexit headlines. The GBP/USD currency pair today rallied from an Asian session low of 1.3138 to a 2-month high of 1.3233 in the mid-European session. The currency […]
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September 202018
EUR/USD Rallies, Keeps Gains After Positive US Macroeconomic Releases
EUR/USD was rising during the Thursday’s trading session. While the currency has halted its rise following the release of mostly positive macroeconomic data in the United States, it managed to keep most of its gains. Philly Fed manufacturing index climbed from 11.9 to 22.9 in September, above the average forecast of 17.5. (Event A on the chart.) Initial jobless claims fell from 204k to 201k last week instead of rising to 210k as analysts […]
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