The Great Britain pound slumped today, falling to the lowest level since 1985 against the US dollar, as Brexit fears continued to drive the currency. Yet again, positive macroeconomic data was unable…
Posts published in October 2016
Dollar Extends Monday’s Gains into Tuesday
The US dollar rallied on Monday and extended its gain against the most-traded rivals on Tuesday as relatively positive macroeconomic data released from the United States increased chances for an interest rate hike from…
Australian Dollar Higher After Economic Data, Waits for RBA
The Australian dollar rose today, gaining on its major peers for the third straight day, after release of macroeconomic data from Australia. Now, traders wait for a monetary policy decision from the Reserve…
Yen Slips After Tankan Survey, Tries to Regain Footing
The Japanese yen fell today after the release of Tankan survey by the Bank of Japan. The currency trimmed as losses by now, though remains below the opening level against most of its major peers. According…
Date for Brexit Set, Britain’s Pound Soft
The Great Britain pound was soft today after UK Prime Minister Theresa May announced date for the start of the Brexit. The news hit Britain’s currency, and even positive macroeconomic data released…
Canadian Dollar Ends Week Higher Against Most Rivals
The Canadian dollar gained against its most-traded rivals over the week with the help of crude oil rally caused by the surprise announcement from the Organization of Petroleum Exporting Countries. The OPEC made an announcement…
Canadian Dollar Ends Trading Higher on Strong GDP
The Canadian dollar rose against some of its most-trading peers on Friday but gains against the US dollar were limited while against the euro the loonie ended the session flat. The main reason…