Posts published in May 2016

CAD Falls vs. USD & EUR, Gains on JPY

The Canadian dollar fell against the US dollar and the euro today, though currently it is trying to reverse losses against the former. The loonie fared far better against the yen, gaining on the Japanese…

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Economic Confidence Reading Gives Euro a Boost

Euro is getting a big of a boost today, thanks to an improved economic confidence reading. Stimulus appears to be working to some degree, and many expect the ECB to keep its rates unchanged at the policy…

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Aussie Falls amid Detrimental Fundamentals

The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth. One of the likely reasons for the drop was the fact that crude oil was unable…

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Yen Stable Despite Data from Japan

The performance of Japanese yen was fairly decent today even though inflation data released from Japan was rather poor. Japan’s underlying inflation was down 0.3% in April, the same…

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Japanese Yen Feels Strong

The Japanese yen rallied today as traders were cautious due to the prospects for monetary tightening from the Federal Reserve but not willing to buy the US dollar. Fed members continued to talk about…

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