Posts published in August 2018

Chinese Yuan Gains After PMIs Rise Unexpectedly

The Chinese yuan rose against the dollar today despite the worsening market sentiment. The possible reason for that was the unexpected increase of the official Purchasing Managers’ Indices. China’s official manufacturing PMI rose…

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Canadian Dollar Drops As GDP Shows No Growth

The Canadian dollar dropped today after nation’s gross domestic product showed no growth in June, disappointing market participants. Hopes for a NAFTA deal remained a positive factor for the currency, which may…

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