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Forex News
November 82016
Canadian Dollar Strengthens as Markets Bet on Hillary’s Victory
The Canadian dollar gained on its major counterparts as market participants were speculating about the possible outcome of the US presidential elections. Economic data released from Canada over the trading session was not great, but it took the backseat to the US elections. At the present time, it looks like Democratic candidate Hillary Clinton leads in the presidential race. Markets welcomed this as they prefer her over Republican candidate Donald […]
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November 82016
Dollar Edges Slightly Lower as Markets Brace for Elections
The US dollar had a small decline in todayâs trading against the euro and the British pound as nervous traders anticipated the result of todayâs election race between Democratic candidate Hillary Clinton and Republican Donald Trump. Latest opinion polls showed that Clinton has a lead over Trump after FBI Director James Comey told Congress on Monday that the agency found no evidence to support criminal charges against the Democratic candidate, […]
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November 82016
Dollar Edges Slightly Lower as Markets Brace for Elections
The US dollar had a small decline in todayâs trading against the euro and the British pound as nervous traders anticipated the result of todayâs election race between Democratic candidate Hillary Clinton and Republican Donald Trump. Latest opinion polls showed that Clinton has a lead over Trump after FBI Director James Comey told Congress on Monday that the agency found no evidence to support criminal charges against the Democratic candidate, […]
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November 82016
Pound Shows Small Gains After Release of UK Economic Data
The Great Britain pound rose a little today thanks to relatively good economic indicators released from the United Kingdom over the trading session. The gains were limited, though, as traders were reluctant to place bets ahead of the US elections. British Retail Consortium reported that retail sales rose 1.7% in October from a year ago on like-for-like basis. Manufacturing production grew 0.6% in September exceeding market expectations. The only bad […]
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November 82016
Pound Shows Small Gains After Release of UK Economic Data
The Great Britain pound rose a little today thanks to relatively good economic indicators released from the United Kingdom over the trading session. The gains were limited, though, as traders were reluctant to place bets ahead of the US elections. British Retail Consortium reported that retail sales rose 1.7% in October from a year ago on like-for-like basis. Manufacturing production grew 0.6% in September exceeding market expectations. The only bad […]
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November 82016
Australian Dollar Weak, Hurt by Soft Data from Australia & Abroad
The Australian dollar was soft today as economic data both domestic and from abroad was not particularly good. This added to the weakness caused by the uncertainty regarding the outcome of the US presidential elections. The National Australia Bank reported that the business confidence slipped from +6 to +4 in October, though the report said “this could still be interpreted as a solid outcome.” Meanwhile, China registered a trade surplus of $49.06 last month. […]
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November 82016
Australian Dollar Weak, Hurt by Soft Data from Australia & Abroad
The Australian dollar was soft today as economic data both domestic and from abroad was not particularly good. This added to the weakness caused by the uncertainty regarding the outcome of the US presidential elections. The National Australia Bank reported that the business confidence slipped from +6 to +4 in October, though the report said “this could still be interpreted as a solid outcome.” Meanwhile, China registered a trade surplus of $49.06 last month. […]
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November 72016
Canadian Dollar Advances on Improved Appetite for Risk
The Canadian dollar moved higher against Great Britainâs pound on Monday as tradersâ desire to take risks increased due to a stronger US dollar, which supported the Canadian currency. An announcement made by FBI Director James Comey to Congress earlier today declared the closure of the agencyâs investigation into private emails related to US Democratic candidate Hillary Clinton when she was secretary of state. The end of the investigation came after no evidence […]
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November 72016
Canadian Dollar Advances on Improved Appetite for Risk
The Canadian dollar moved higher against Great Britainâs pound on Monday as tradersâ desire to take risks increased due to a stronger US dollar, which supported the Canadian currency. An announcement made by FBI Director James Comey to Congress earlier today declared the closure of the agencyâs investigation into private emails related to US Democratic candidate Hillary Clinton when she was secretary of state. The end of the investigation came after no evidence […]
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November 72016
Canadian Dollar Opens Sharply Higher as Week Starts with Shock
The Canadian dollar opened sharply higher against its major rivals as the news from the United States shocked markets. The currency struggles to establish a clear trend, though, rising against some peers but falling below the opening against others. Markets were in turmoil at the start of the trading week due to the news that the Federal Bureau of Investigation found no signs of crime in Hillary Clinton’s emails. It changed the outlook for the outcome of the US […]
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