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Day: March 25, 2019
March 252019
British Pound Falls on Negative Brexit News Ahead of Key Vote
The Sterling pound today fell from its daily highs against the US dollar after rumors emerged that the Irish DUP was still opposed to the British PM’s Brexit deal. The GBP/USD currency pair was buffeted by new headlines relating to Brexit throughout today’s session as its gains were largely limited by the uncertainty associated with the current Brexit situation. The GBP/USD currency pair today rallied from a low of 1.3160 […]
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March 252019
Canadian Dollar Weakens on Data, Energy Prices
The Canadian dollar is weakening against several major currencies to start the trading week as the loonie is still reeling from bad data. The dollar faced additional pressure on tumbling energy prices and investors sounding the alarm about Canadaâs perpetual budget deficit problem. The loonie may get a bit of reprieve from a light-data calendar. According to Statistics Canada, national retail sales slumped for the third consecutive month in January by 0.3%, falling […]
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March 252019
Turkish Lira Bounces After Erdogan Warns Speculators
The Turkish lira rose against the US dollar, rebounding after Friday’s huge slump, today after Turkey’s President Recep Tayyip Erdogan warned investors speculating against the currency that they will be punished. The bounce was limited, though, and currently the lira is trimming its gains. Turkey’s Banking and Regulation Supervision Agency said over the weekend that they will be probing JPMorgan for advising to short the lira […]
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March 252019
Euro Rises with German Ifo Business Climate Index
The euro rallied against other most-traded currencies today after the German business climate improved unexpectedly this month. The rally was nowhere near big enough to erase Friday’s big losses, though. The Ifo Business Climate Index for Germany rose from 98.7 to 99.6 in March, seasonally adjusted. Analysts had expected the index to stay unchanged. That was the first increase following six consecutive months of decline. Looking deeper […]
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