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Forex News
July 162018
Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales
The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session. The EUR/USD currency pair today rallied from an opening low of 1.1675 to a high of 1.1725 in the American session, but later gave up […]
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July 132018
British Pound Declines Before Trump-May Meeting, Later Rallies Higher
The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized. The GBP/USD currency pair today declined declined to a daily low of 1.3125, but later rallied to a new high of 1.3221, and was on an uptrend at the time of writing. […]
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July 132018
British Pound Declines Before Trump-May Meeting, Later Rallies Higher
The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized. The GBP/USD currency pair today declined declined to a daily low of 1.3125, but later rallied to a new high of 1.3221, and was on an uptrend at the time of writing. […]
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July 122018
Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data
Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data. The EUR/USD currency pair today dropped from a high of 1.1693 to a low of 1.1649, but later retraced most of its losses. The currency pair […]
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July 122018
Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data
Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data. The EUR/USD currency pair today dropped from a high of 1.1693 to a low of 1.1649, but later retraced most of its losses. The currency pair […]
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July 112018
Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains
The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after […]
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July 112018
Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains
The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after […]
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July 112018
British Pound Trades Lower as Rebel MPs Oppose Latest Brexit Plan
The British pound today traded lower against the US dollar even as Theresa May‘s government is buffeted by rebellions from members of her Conservative Party who have resigned from their positions. The pound’s decline was further accelerated by the risk-off sentiment among investors triggered by the imposition of more tariffs by the US government on Chinese exports. The GBP/USD currency pair today declined from a high of 1.3285 to a low of 1.3233 and was on a downtrend […]
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July 112018
British Pound Trades Lower as Rebel MPs Oppose Latest Brexit Plan
The British pound today traded lower against the US dollar even as Theresa May‘s government is buffeted by rebellions from members of her Conservative Party who have resigned from their positions. The pound’s decline was further accelerated by the risk-off sentiment among investors triggered by the imposition of more tariffs by the US government on Chinese exports. The GBP/USD currency pair today declined from a high of 1.3285 to a low of 1.3233 and was on a downtrend […]
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July 92018
Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines
The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session. The EUR/USD currency pair today rallied from a low of 1.1750 to a high of 1.1790 before heading lower and giving up most of its gains. The currency pair today headed higher […]
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