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Day: June 30, 2020
June 302020
Canadian Dollar Strengthens on Better-Than-Expected April GDP
The Canadian dollar is strengthening on Tuesday after the economyâs April contraction was better than what the market had initially forecast. The loonie is also finding support in housing data, as well as investors exiting its American counterpart. The Canadian dollar will finish the month higher against the greenback. According to Statistics Canada, the gross domestic product (GDP) fell 11.6% in April, down from a 7.5% contraction in March. This is […]
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June 302020
GBP/USD Keeps Falling from 1.2514
The Great Britain pound versus the US dollar currency pair seems to be in bearish hands. Do the bulls still have any chances? Long-term perspective The appreciation from 1.1409 peaked at 1.2647 before making a throwback to the major support level of 1.2092. From there, another appreciation commenced, one that managed to pass the previous high and touched the intermediary level of 1.2777. However, the throwback that was supposed to validate 1.2514 as support […]
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