Posts published in June 2016

Canadian Dollar Swings Between Gains & Losses

The Canadian dollar was swinging between gains and losses during Thursday’s trading as positive domestic fundamentals were combating concerns about the impact of the Brexit on the world’s economy. Canada’s gross domestic product…

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Brazilian Real Rises for Third Day

The Brazilian real rallied for the third consecutive session today, though the rally caused concerns among traders about potential intervention from the nation’s central bank. The real has gained about 6%…

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Aussie Moves Higher for Second Day

The Australian dollar continued to move higher, rising for the second consecutive session today, as markets were calming down after Britain’s referendum. Global stocks and crude oil were rising during Wednesday’s…

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Australian Dollar Takes Breath

The Australian dollar gained today amid the improving market sentiment. While the threat of the Brexit is still looming, markets decided to take breath and halted sell-off of high-beta currencies. There are speculations…

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Pound Hits New Lows amid Post-Referendum Turmoil

While the Brexit vote had an impact on all currencies, the Great Britain pound (unsurprisingly) has borne the brunt of Britain’s decision to part with the European Union. The currency touched a new 31-year minimum…

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