The Canadian dollar lost its gains against the US dollar earlier today as a drop in oil prices overshadowed uncertainty about the presidential election in the USA. The weekly report for the official US crude stockpile…
Posts published in November 2016
The US dollar fell on Wednesday against most of the major currencies, including the euro, yen, and sterling ahead of the US presidential election that runs on November 8. The political tension in the USA is reducing…
NZ Dollar Gets Help from Surprisingly Good Economic Data
The New Zealand dollar rallied today, getting help from surprisingly positive domestic macroeconomic reports. Basically all economic data was good and even better than expected. Inflation expectations…
Unexpectedly Steep Drop of Building Approvals Makes Aussie Soft
The Australian dollar was vulnerable today due to unexpectedly soft macroeconomic data. The currency logged a decline, though has trimmed it against some of rivals by now. Australian building approvals fell…
Australian Dollar Records Limited Gains Despite Supportive Data
Australiaâs dollar started November off with gains against the US dollar as markets speculate that the Reverse Bank of Australia could be moving away from reducing its interest rates any…
Dollar Falls as Political Uncertainty Shadows Recent Gains
The US dollar took a negative turn today after an increase in tradersâ demand for gold as a safe haven prior to the presidential elections in the USA, which is due to happen on November 8. Political uncertainty…