Day: October 17, 2018

October 17
2018

Japanese Yen Flat on EU Trade Deal, World Economic Forum Index

The Japanese yen is trading flat midweek after several mixed news reports came out pertaining to the world’s third-largest economy. While a new poll shows economists fear upcoming trade spats with the US will impact the Japanese economy, a new study discovered that Tokyo remains one of the most competitive places in the world today. The US government has warned that it could institute 25% tariffs on Japanese […]

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October 17
2018

Euro Drops Despite In-Line Inflation Data Ahead of FOMC Minutes

The euro today has traded erratically against the US dollar from the start of today’s session as both sellers and buyers pushed to gain control of the single currency. The EUR/USD currency pair traded both higher and lower as it struggled to find direction despite the release of positive eurozone inflation data, but was heading lower at the time of writing. The EUR/USD currency pair today traded in a range marked by a high of 1.1580 and a low of 1.1547, but […]

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October 17
2018

Pound Falls on Weak UK Inflation Data Amid Brexit Summit

The British pound today fell significantly against the dollar following the release of the latest UK inflation data, which missed expectations. The pound was also weighed down by the ongoing European Union Brexit summit, which is not expected to result in a deal. The GBP/USD currency pair today fell from an opening high of 1.3193 to a low of 1.3124 in the early European session. The currency pair opened today’s session on a downward trend before recovering […]

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October 17
2018

EUR/USD Dips, Extends Decline After FOMC Minutes

EUR/USD was falling throughout the Wednesday’s trading session and continued to move lower after the Federal Open Market Committee released minutes of its September meeting. The fact that all member of the Committee unanimously voted for an interest rate hike boosted bets on an additional hike in December. Housing starts were at the seasonally adjusted annual rate of 1.20 million in September, down from 1.27 million in August and close to analysts’ forecasts of 1.22 million. […]

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