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Day: November 26, 2018
November 262018
Canadian Dollar Flat Amid Bleak Economic Outlook, GM Closure
The Canadian dollar is trading relatively flat to start the trading week. Despite upward momentum in the Canadian economy, recent outlooks suggest that it is not as rosy as many think it is. Moreover, the currency was affected after General Motors announced that it was leaving Canada as the company was embarking upon an overall change to its structure. The loonie did find some momentum in higher crude prices. […]
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November 262018
Euro Rallies on Italian Budget Hopes, Declines on Weak German Data
The euro today rallied higher against the US dollar from the Asian session into the early European session on hopes that the Italian government would amend its budget plans. The EUR/USD currency pair later headed lower after the German IFO business survey data missed expectations and Mario Draghi‘s speech had no new insights. The EUR/USD currency pair today rallied from a low of 1.1325 in the Asian session to a high […]
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