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Forex News
November 212016
New Zealand Dollar Higher During Monday’s Trading
The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session. The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from […]
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November 212016
Yen Soft Despite Improving Trade Balance
The Japanese yen fell today even though economic data showed a bigger-than-expected increase of the Japan’s trade balance surplus. The losses were limited, though, and the currency even managed to keep its ground versus the US dollar, against which the yen has fallen during the previous two sessions. Japan’s trade surplus logged ¥0.47 trillion in October, up from ¥0.36 trillion in September. The gain was the result of both falling import […]
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November 212016
Yen Soft Despite Improving Trade Balance
The Japanese yen fell today even though economic data showed a bigger-than-expected increase of the Japan’s trade balance surplus. The losses were limited, though, and the currency even managed to keep its ground versus the US dollar, against which the yen has fallen during the previous two sessions. Japan’s trade surplus logged ¥0.47 trillion in October, up from ¥0.36 trillion in September. The gain was the result of both falling import […]
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November 192016
Dollar Continues to Dominate Forex Market
The US dollar continued to dominate the Forex market during the past trading week as post-elections optimism and the outlook for Federal Reserve’s monetary policy were extremely supportive to the currency. It is surprising to see how positive the dollar’s reaction to Donald Trump’s victory was, considering that ahead of the voting his potential win was considered dollar-negative. Yet now, economists speculate that his policies are going to be inflationary, encouraging […]
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November 192016
Dollar Continues to Dominate Forex Market
The US dollar continued to dominate the Forex market during the past trading week as post-elections optimism and the outlook for Federal Reserve’s monetary policy were extremely supportive to the currency. It is surprising to see how positive the dollar’s reaction to Donald Trump’s victory was, considering that ahead of the voting his potential win was considered dollar-negative. Yet now, economists speculate that his policies are going to be inflationary, encouraging […]
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November 182016
US Dollar Extends Its Weekly Rally on Fiscal Stimulus Forecasts
The US dollar climbed higher on Friday near its best level since 2003 as the greenback maintained its powerful surge against other major currencies for the second week in a row. The US currency is receiving its strength from expectations of an increased fiscal spending under Donald Trumpâs administration. Investors expect that the US President-elect will introduce economic policies that will include cuts to corporate taxes, increased government spending, […]
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November 182016
US Dollar Extends Its Weekly Rally on Fiscal Stimulus Forecasts
The US dollar climbed higher on Friday near its best level since 2003 as the greenback maintained its powerful surge against other major currencies for the second week in a row. The US currency is receiving its strength from expectations of an increased fiscal spending under Donald Trumpâs administration. Investors expect that the US President-elect will introduce economic policies that will include cuts to corporate taxes, increased government spending, […]
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November 182016
Canadian Dollar Firm After Inflation Data
The Canadian dollar today rose after the release of inflation data, even though some parts of the report were not that good. The loonie even managed to rebound versus the US dollar despite starting the trading session with a decline. Canada’s Consumer Price Index rose 0.2% in October from September, accelerating from the previous month’s growth of 0.1% and matching analysts’ expectations. The core CPI also rose 0.2% (not seasonally […]
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November 182016
Canadian Dollar Firm After Inflation Data
The Canadian dollar today rose after the release of inflation data, even though some parts of the report were not that good. The loonie even managed to rebound versus the US dollar despite starting the trading session with a decline. Canada’s Consumer Price Index rose 0.2% in October from September, accelerating from the previous month’s growth of 0.1% and matching analysts’ expectations. The core CPI also rose 0.2% (not seasonally […]
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November 182016
Great Britain Falls, Heads to Weekly Gains
The Great Britain pound fell today against its major peers, though it was heading to weekly gains against most currencies (with the exception of the very strong US dollar). The sterling continued to recover from the “flash crash” that has happened on October 7. While the currency fell sharply to new multi-year lows, it has recovered very quickly, leaving market participants puzzled and guessing about reasons for such […]
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