Day: September 27, 2018

September 27
2018

Canadian Dollar Weakens to One-Week Low on Trump-NAFTA Spat

The Canadian dollar weakened to its lowest level in a week as traders are doubtful that Ottawa can reach a new trade deal with the US. Trade negotiations hit a roadblock midweek after President Donald Trump weighed in on the talks and revealed he rejected a meeting with Prime Minister Justin Trudeau. The escalating trade tensions could lead to Canada sitting on the sidelines of a US-Mexico bilateral agreement. Speaking at a news conference in New York […]

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September 27
2018

NZ Dollar Down After RBNZ Keeps Monetary Policy Unchanged

The New Zealand dollar was down against most major currencies today after the uneventful policy meeting of the nation’s central bank. The Reserve Bank of New Zealand kept its main interest rate at 1.75% as was widely expected. The central bank predicted that it will leave its monetary policy without change in the foreseeable future: We expect to keep the OCR at this level through 2019 and into 2020. The RBNZ […]

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September 27
2018

EUR/USD Goes Lower on Fed Statement, Italy’s Budget

EUR/USD fell today as market participants ultimately decided that yesterday’s policy statement from the Federal Reserve was hawkish, not dovish. Uncertainty about Italy’s budget put additional pressure on the currency pair as the ambitious spending plans of the Italian populist government clashed with the rules of the European Union. US GDP rose 4.2% in Q2 2018 according the final (third) estimate after increasing 2.2% in Q1. The actual value was […]

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