The New Zealand dollar sank today after the Reserve Bank of New Zealand decided to cut its main interest rates. It was the second consecutive day of decline after victory of Republican…
Posts published in November 2016
The Canadian dollar faced wild ups and downs on Wednesday after Republican Donald Trump became the newest president of the USA, which triggered fears toward the future of economic relationships between Canada and its…
Dollar Recovers from Initial Shock after Trump Wins Presidency
The US dollar sharply fell earlier today after the US presidential election was concluded with a victory for Republican candidate Donald Trump. The currency then recovered all its losses in a day…
Pound Calm as Markets Wait for Outcome of US Elections
The Great Britain pound was flat against some of its peers while logging small gains against others during Asian trading hours. The currency’s moves were very limited as markets…
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…
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…
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…
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.…
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…
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…