Day: December 17, 2019

December 17
2019

US Dollar Flat Amid Higher Industrial Output, Housing Starts

The US dollar is relatively flat against most major currency rivals on Tuesday, despite some positive news for the world’s largest economy. The latest data helped legitimize the bulls’ views that the US economy is strong and resilient, thanks to higher industrial production, housing starts, and manufacturing activity. With only two weeks left in the year, investors are bracing for the final gross domestic product (GDP) reading for the third quarter, […]

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December 17
2019

Pound Crashes as Johnson’s Government Pushes for Hard Brexit

The Sterling pound today crashed against the US dollar amid fears that Boris Johnson‘s government was pushing for a hard Brexit despite his parliamentary majority. The GBP/USD currency pair today fell to its pre-election lows as investors sold the pair following the release of a mixed UK jobs report ahead of Friday’s Brexit bill tabling. The GBP/USD currency pair today fell from a high of 1.3299 in the Asian session to a low of 1.3099 […]

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December 17
2019

Australian Dollar Sinks After RBA Minutes Hint at Interest Rate Cut

The Australian dollar fell against all other of its most-traded rivals, including commodity currencies, after the minutes from the Reserve Bank of Australia made market participants believe that the central bank will cut interest rates in the near future. The RBA released minutes of its December 3 monetary policy meeting today. While Australian policymakers left interest rates unchanged at the meeting, the minutes were dovish enough for analysts to speculate […]

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December 17
2019

AUD/JPY Reached 76.02. Where to from Here?

The Australian dollar versus the Japanese yen currency pair retraced sharply from the 76.00 psychological area. Is this a bearish sign or is it only that the bulls are booking the profits? Long-term perspective From the support of 71.09, the market is in an ascending movement that extended — for now — until the 76.02 level. The appreciation came after a relatively long period of stagnation, as the price oscillated around the 73.93 level from the end of November […]

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