Posts From Sammy

Sammy

Sammy

Sammy is our forex expert, with over 20 years experience in the financial sector, she will be keeping you up to date with the ups and downs of currencies around the world

Australia Posts Solid Q3 GDP Growth, Emerges From Recession

  The Australian dollar rallied against the greenback yesterday following the release of robust Q3 GDP data that indicated an exit from recession. Furthermore, the lower-than-anticipated US private sector payroll additions and crude oil inventory decline also fueled the US

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New Zealand Retail Sales Rise 28% q-o-q in September Quarter

   The pound rose against the kiwi dollar yesterday despite the release of robust retail sales data from New Zealand. The rebound in dairy prices in the latest Global Dairy Auction did not have much of an impact on

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Japan Prelim Third Quarter GDP Rose 5% q-o-q in September

   The Canadian dollar rallied against the yen despite the release of better-than-anticipated third-quarter GDP data by the Cabinet Office of Japan. As the uncertainty related to the US political situation is slowly fading, the market is shifting to

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Eurozone Services Sector Contracts in October and PMI Drops

  The New Zealand dollar declined slightly against the euro dollar following the report of poor employment data by Statistics New Zealand. The Kiwi dollar’s decline was also aided by the better-than-anticipated Spanish, German, and the Eurozone services PMI data.

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US Goods Trade Deficit Narrows to $79.4 Billion in September

   The Aussie plunged against the greenback in the US session yesterday following the release of better-than-anticipated US trade deficit and wholesale inventories data. Earlier, during the Asian session, the Aussie managed to hold ground following the release of

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China Posts Q3 GDP Growth But Misses Forecasts

The Chinese Yuan rallied against the Canadian Dollar following the release of better-than-anticipated industrial production, retail sales and unemployment rate data. Notably, the Canadian wholesale sales data were slightly better than economist forecasts but were not convincing enough for the

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French Trade Deficit Widens to €7.7 Billion in August

  The euro dollar remained range-bound against the Canadian dollar despite the release of upbeat Italian retail sales data. The decline in German industrial production and wider than anticipated French trade deficit weakened the euro’s momentum against the loonie. The

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Mexico Unemployment Declines Slightly to 5.2% in August

  The Mexican peso gained ground against the greenback after the report of a slight decline in the unemployment rate in July. The strengthening of the peso was also aided by the widening of trade surplus in August. However, the

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US Retail Sales Growth Eases to 0.6% m-o-m in August

  The pound rallied against the greenback yesterday following the better than anticipated UK consumer price inflation data. The US dollar’s downtrend was also aided by lower than anticipated retails sales data and a steep drop in crude inventories. In

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Australia ANZ Job Advertisements Eases in August

  The euro dollar declined against the Australian dollar yesterday on reports of a slowdown in the pace of German industrial production in July, compared with the earlier month. A slight improvement in the Eurozone investor confidence (Sentix Investor Confidence

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