The Australian dollar continued falling on Friday to extend its weekly loss. The currency remained vulnerable to concerns that the Australian economy could be negatively affected by new Trade policies in the USA following…
Posts published in November 2016
Great Britain Pound Extends Rally
The Great Britain pound remained strong today, rising for third day in a row against the US dollar and the euro and for the fourth consecutive session versus the Swiss franc and the Japanese yen. While most other…
Yen Recovers as Impact of US Elections Fades
The Japanese yen traded either flat or higher against its major peers today as markets moved past the US elections and started to look at other fundamentals. Today’s economic reports released from…
Dollar Maintains Its Gains to Trade at Its Best Level Since October
The dollar is set to end a volatile week on Friday following an impressive rise over the past two days. The US currency maintained most of its gains against the Japanese yen and the euro. While…
Canadian Dollar Hurt by Oil Prices & Trump’s Victory
The Canadian dollar fell today, hurt by the drop of crude oil prices and concerns about the future of trading between the United States and Canada. The currency still managed to beat the very weak Japanese yen.…
Mexican Peso Extends Slump After Trump Wins Presidency
The Mexican peso tanked after Republican candidate Donald Trump won the US presidential elections, and the currency continued sinking today. The United States are the biggest trading partner of Mexico, therefore have…
Sterling on High After US Election Result
A day after the shock US election result, sterling continues to increase in value against the dollar. On Thursday, the pound continued to gain further momentum, rising by 0.1% during todayâs trading. The gains in sterlingâs…
Japanese Yen Slumps as Upbeat Sentiment Stems from Trump’s Victory
The Japanese yen continued to lose against the US dollar on Thursday following its rapid decline yesterday, as the greenback recovered from the initial reaction to Donald Trumpâs victory in the US presidential election. The yen…
Australian Dollar Attempts to Bounce, Fails
The Australian dollar was trying to rebound today after yesterday’s drop but failed. The currency has started a decline at about 10:45 GMT and continued to fall till now. Australia’s economic data…
Dollar Gains as Initial Shock from Trumpâs Victory Fades
The US dollar rose on Thursday to its highest level since October 27 as the currency recovered from all of its recent losses, which followed Donald Trumpâs victory in the US presidential election.…