Forex News

Weak Employment Data Turns Against the Aussie Dollar

  Yesterday, the Australian Bureau of Statistics announced a 0.6% rise in the Wage Price Index in the June quarter, from the earlier quarter on a seasonally adjusted basis. The actual increase met analysts’ expectations and surpassed the previous quarter’s 0.5% rate of increase. However, poor employment change data and a

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Euro Remains Weak Despite Solid Flash GDP Data

  The euro dollar (EURUSD) has been struggling recently due to the ECB’s dovish rate hike outlook. Additionally, fear of a domino-effect from the ongoing crisis with the Turkish lira, has given traders another chance to add up to their short

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Turkish Lira Crumbles As US Beefs Up Anti-dumping Measure

  Last Friday, President Donald Trump once again caused jitters in the financial market by hitting Turkey hard with a decision to double metals tariffs. It is the latest action against the NATO partner, which began with contradictions over defence

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Australian Dollar Strengthens on Iron Ore Rally

  The Australian dollar declined against the yen earlier this week on concerns over trade war between the US and China. As China is the largest trading partner of Australia, the Aussie turned weak. On the contrary, uncertainty bolstered the

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Soft Retail Sales Data Turns Euro Weak

  Lower than anticipated inflation, and trade related issues with the US turned the euro weak in July. Across the Channel, the Pound is strengthening because of strong inflation and improvement in the economy. The rate hike announced last week

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Euro Weak on Soft Eurozone Manufacturing PMI Data

  The Euro rose against the basket of developed economic currencies earlier this week, following an upbeat economic outlook issued by Mario Draghi, President of the ECB, at the monetary policy meeting held last week. The Canadian dollar, on the

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Kiwi Dollar signals Uptrend On Strong Inflation Data

  Anticipation of a rate hike on Thursday is keeping the Pound strong against the currencies of developed economies. On the other hand, the fourth consecutive decline in the price of dairy products and rise in energy prices keeps the

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Yen Turns Weak On Poor Core CPI data

  The USDJPY started declining on Friday last week after the US President Trump stated that he was not happy with the greenback’s value. Trump blamed the Federal Reserve’s interest rate policy, while alleging currency rate manipulation by both China

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Euro Remains Weak on 3-yr Low Current Account Surplus

  Lower-than-anticipated trade surplus and soft core inflation data triggered a euro dollar sell off last week. The Canadian dollar, in the meanwhile, gained against its G10 rivals after the Bank of Canada raised interest rates by 25 basis points,

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Euro Turns Weak After Core Inflation Misses Estimates

  On Monday, the euro started declining against the greenback after the Eurozone statistical agency Eurostat published lower than anticipated trade surplus in May 2018. From a high of about 1.1740, the EURUSD pair fell to a low of 1.1600.

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