Forex News

Canadian Dollar Strengthens as Hiring Rebounds In June

  The Canadian dollar weakened against the US dollar in the Asian and European session yesterday but reversed trend in the US session on lower Treasury yields and dovish comment made by the New York Federal Reserve President John Williams.

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Fitch Reiterates Japan’s ‘A’ Rating, Issues Weak Outlook

  The Japanese yen strengthened against the greenback yesterday and rating agency, Fitch, left the country’s sovereign rating unchanged. However, the outlook issued by the rating agency was not impressive. The lower-than-anticipated trade data reported earlier today also fueled the

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Rebound In Dairy Prices Propel New Zealand Dollar

  The New Zealand dollar strengthened against its G10 rivals yesterday due to the release of better-than-anticipated consumer price index data and a rebound in global dairy prices. The strong data enabled the NZD/USD pair to rally from a low

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Lack Of Impetus Weakens Pound Against Greenback

  The British pound fell against the US dollar yesterday, losing all the gains it had on Friday last week, primarily due to lack of any major news releases or optimistic news from the country. Therefore, the GBP/USD currency was

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Iron Ore, Natural Gas Price Rally Strengthens the Aussie

  The Aussie strengthened against the greenback on Friday despite unimpressive Chinese trade data, mainly due to a rally in the price of commodities such as iron ore and natural gas. Notably, iron ore, coking coal, and natural gas are

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Yen Remains Strong Despite Weak Economic Data

  The US dollar fell against the Japanese yen during the Asian session yesterday despite a string of weak economic data from the Pacific Island nation, indicating a slowdown in the world’s third-largest economy. The greenback’s decline was fueled by

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Euro Remains Weak Despite Strong German Trade Surplus Data

  The euro-dollar continues to remain bearish against the greenback, despite Germany – the economic powerhouse of the Eurozone – posting an impressive trade surplus and small industrial production growth. From a high of 1.1315, the EUR/USD pair declined to

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US Dollar Strengthens On Strong Jobs Data

  The US dollar surged against the Canadian dollar on Friday after the Bureau of Labor statistics reported better than anticipated job additions in July. The robust jobs data watered down the hopes of Fed rate cut in the forthcoming

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US Dollar Remains Range Bound Despite a Flurry Of Weak Data

  The US dollar dropped sharply yesterday during the US session as anticipations of a Fed rate cut increased following the release of a series of weak economic data. In particular, the greenback plunged against the yen, but optimism over

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Poor German Retail Sales Data Weakens Euro Dollar

  The euro moved in a zig-zag fashion against the greenback yesterday in the session as the eurozone data did not meet analysts’ expectation. There were also rumors of postponement of a rate cut by the European Central Bank. Resumption

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