Posts published in March 2017

USD/CAD Declines After Release of Canada’s GDP Data

The USD/CAD today declined significantly after the release of Canadian GDP data by Statistics Canada, which exceeded market expectations. The decline was short-lived as the US dollar rallied higher after the release of the University…

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Sterling Halts Decline, Gains on Euro

The Great Britain pound halted yesterday’s drop today and was even able to gain on the euro (and recently rose versus other currencies). The decline followed the formal initiation of the Brexit process. Yesterday, Britain’s…

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Sterling Soft as Markets Prepare for Brexit

Markets wait for formal initiation of the Brexit process on Wednesday. The Great Britain pound fell during the current trading session due to uncertainty associated with the Brexit, but has trimmed its losses…

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