Posts published in January 2015

CAD Drops to Lowest Since May 2009 vs. USD

Macroeconomic reports from Canada were universally bad today, driving the Canadian dollar lower against most of major peers. The currency reached the lowest level since May 2009 against the US…

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No Stop for Dollar’s Rally

The US dollar continued its unstoppable rise for yet another session today. Economic reports, especially employment data, fueled optimism about the US economy and speculations about a close interest rate…

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Pound Rallies After HPI Report & BoE Meeting

The Great Britain pound rallied today following a positive report about house prices and the monetary policy decision made by the Bank of England. The currency dropped to the lowest level since July 2013 against…

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Australian Dollar Jumps, Supported by Economic Data

The Australian dollar jumped today as economic reports from Australia as well as from the United States were positive, improving the market sentiment and encouraging traders to take more risk. Australian building approvals…

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Euro Continues to Drop on Future Expectations

Euro continues its downward slide against major currencies as future expectations weigh on the 19-nation currency. Concerns about the economy are paramount, and many expect the ECB to announce another round of easing…

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Dollar Continues March Up

The US dollar continued its march higher today. The currency gained for the fifth straight session against the Great Britain pound and for the sixth against the euro. Wednesday’s economic data from the United States…

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