Forex News – Page 258

November 4
2016

Canadian Dollar Little Changed due to Economic Data & Oil Prices

The Canadian dollar was little changed-to-lower against most of its major rivals despite economic data from Canada released over the trading session that was good. The problem for the currency was a steep drop of crude oil prices. Canada’s employment rose by 43,900 in October from September — the result which was nowhere near the drop by 10,000 promised by analysts. The unemployment rate was steady at 7.0%. The Ivey Purchasing Managers Index […]

November 4
2016

British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling

Great Britainâs pound rose on Friday to its best level in four weeks after the high court in the UK ruled that the government cannot move ahead with Britainâs exit from the European Union without a parliamentary approval. Thursdayâs court ruling raised investorsâ speculation that the hard Brexit scenario, in which the UK would fully leave the European Union and its single market to have complete control over its borders […]

November 4
2016

British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling

Great Britainâs pound rose on Friday to its best level in four weeks after the high court in the UK ruled that the government cannot move ahead with Britainâs exit from the European Union without a parliamentary approval. Thursdayâs court ruling raised investorsâ speculation that the hard Brexit scenario, in which the UK would fully leave the European Union and its single market to have complete control over its borders […]

November 4
2016

Dollar Stops Its Losses After a Labor Market Report

The US dollar is fluctuating around a consistent level against the euro today as the US currency halted its weekly slide following the release of labor market data. The US Bureau of Labor Statistics published its report for October, which showed an increase in nonfarm payroll employment by 161,000 while unemployment rate remained unchanged at 4.9%. The dollar initially rose following the report before it gave up its gains and remained little […]

November 4
2016

Dollar Stops Its Losses After a Labor Market Report

The US dollar is fluctuating around a consistent level against the euro today as the US currency halted its weekly slide following the release of labor market data. The US Bureau of Labor Statistics published its report for October, which showed an increase in nonfarm payroll employment by 161,000 while unemployment rate remained unchanged at 4.9%. The dollar initially rose following the report before it gave up its gains and remained little […]

November 4
2016

Bad News Makes Turkish Lira Unappealing for Investors

The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors. Turkey arrested the leaders of the pro-Kurdish opposition People’s Democracy party. This news is likely to increase tensions among Kurds and lead to more violence. And indeed, hours after the detention a car bomb exploded, killing eight people and injuring more than hundred, though at the present time it is hard to tell whether […]

November 4
2016

Bad News Makes Turkish Lira Unappealing for Investors

The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors. Turkey arrested the leaders of the pro-Kurdish opposition People’s Democracy party. This news is likely to increase tensions among Kurds and lead to more violence. And indeed, hours after the detention a car bomb exploded, killing eight people and injuring more than hundred, though at the present time it is hard to tell whether […]

November 4
2016

Australian Dollar Little Changed After Retail Sales & RBA

The Australian dollar was little changed after the release of the better-than-expected retail sales figure and the monetary policy statement from the Reserve Bank of Australia. Retail sales rose 0.6% in September from August. The increase was bigger than the predicted 0.4% and the August’s revised gain of 0.5%. The RBA left its monetary policy unchanged earlier this week and said in today’s statement that “at its recent meetings the Board judged that there […]

November 4
2016

Australian Dollar Little Changed After Retail Sales & RBA

The Australian dollar was little changed after the release of the better-than-expected retail sales figure and the monetary policy statement from the Reserve Bank of Australia. Retail sales rose 0.6% in September from August. The increase was bigger than the predicted 0.4% and the August’s revised gain of 0.5%. The RBA left its monetary policy unchanged earlier this week and said in today’s statement that “at its recent meetings the Board judged that there […]

November 3
2016

Pound Surges After UK High Court Ruling

Great Britainâs pound advanced against the euro to touch its highest level in several weeks after a court in the UK ruled that the government needs parliamentary approval before starting the process of leaving the European Union. The ruling means that the Brexit referendum is not constitutionally sufficient for the British government to leave the European Union on its own. However, the government is appealing on the basis that the referendum was only done once the House […]