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Day: January 7, 2019
January 72019
Canadian Dollar Seeks Direction Ahead of Major News This Week
The Canadian dollar is trying to find direction at the start of the trading week ahead of several major news events in the coming days. The loonie is trying to keep up the momentum from last week on the better-than-expected jobs report and rallying energy prices. On Friday, Statistics Canada reported that the economy added 9,300 jobs, beating median estimates of 5,000 jobs. This sent the unemployment lower from 5.7% in November to 5.6% last month. […]
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January 72019
Euro Rallies on Risk-On Sentiment Amid Mixed Geman Data
The euro today rallied higher against the much weaker US dollar largely driven by positive market sentiment and the upbeat German retail sales data. The improved market risk sentiment was supported by investors’ optimism regarding the 2-day high level US-China trade talks, which kicked off today. The EUR/USD currency pair today rallied from an opening low of 1.1403 to a high of 1.1448 in the mid-European session. Investor optimism towards the outcome […]
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