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Day: April 16, 2019
April 162019
Euro Weakens as US Dollar Recovers During the American Session
The euro today traded in a see-saw pattern against the US dollar marked by extreme rallies and declines to culminate in a sustained drop during the American session. The EUR/USD currency pair today fell as the US dollar rallied and investor sentiment shifted in favor of safe haven assets such as the greenback even as US equity markets edged higher. The EUR/USD today fell from a high of 1.1313 to a low of 1.1279 and repeated the process twice before settling to trade […]
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April 162019
British Pound Falls on Rumors of Stalled Bi-Partisan Brexit Talks
The British pound today fell to new weekly lows against the US dollar driven by rumors of stalled talks between the UK government and the opposition party. The GBP/USD currency pair was stuck in range up to the mid-London session when the Labour Party leader stated that there was no agreement on a customs union yet. The GBP/USD currency pair today fell from an opening high of 1.3101 to a weekly low of 1.3041 and was trading […]
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April 162019
Canadian Dollar Continues Rally on Higher Auto Sales
The Canadian dollar is continuing its tear on Tuesday as the loonie was lifted against major currency rivals on strong automobile sales. The dollarâs gains were capped by disappointing manufacturing numbers, which could signal a cooling economy. Investors will now look ahead to inflation and retail receipts this week. According to Statistics Canada, new motor vehicle sales surged to 124,058 units in February, up from 111,917 units in January. […]
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