The Canadian dollar opened sharply higher against its major rivals as the news from the United States shocked markets. The currency struggles to establish a clear trend, though, rising against some peers but falling below the opening against others. Markets were in turmoil at the start of the trading week due to the news that the Federal Bureau of Investigation found no signs of crime in Hillary Clinton’s emails. It changed the outlook for the outcome of the US … “Canadian Dollar Opens Sharply Higher as Week Starts with Shock”
Month: November 2016
Mexican Peso Surges as FBI Finds No Crime in Hillary’s Emails
The Mexican peso climbed today after the Federal Bureau of Investigation said that it found no evidence of crime in Hillary Clinton’s emails, boosting her chances for victory in the US presidential elections. While the news was beneficial to the dollar, the peso managed to gain even on the US currency. The Mexican currency depends on reports from the United States strongly as the USA is the biggest trading partner of Mexico. In particular, the currency was demonstrating noticeable … “Mexican Peso Surges as FBI Finds No Crime in Hillary’s Emails”
Dollar Rises as FBI Finds No Evidence Against Clinton
The US dollar gained on Monday after the currency declined for most of the previous week. The dollarâs rise comes after FBI Director James Comey told Congress that no evidence of criminal activity was found in the agencyâs investigation against Democrat Hillary Clinton. Traders speculate that Clinton has a better chance of winning the race for the White House following FBIâs announcement on Monday, which lifted pressure off the US currency that … “Dollar Rises as FBI Finds No Evidence Against Clinton”
US Dollar Jitters as US Elections Come Closer
The US dollar ended the week rather soft as the upcoming US presidential elections overshadowed all other events. And as the outcome of the vote became more uncertain, traders were reluctant to hold the US currency. At the start of the week, it looked like markets shrugged off the reopened investigation of Hillary Clinton’s emails by the Federal Bureau of Investigation. Yet market participants kept their focus on the news throughout the week, and this was not good for the greenback. … “US Dollar Jitters as US Elections Come Closer”
New Zealand Dollar Seeks Direction amid Clashing Fundamentals
The New Zealand dollar fell today but managed to rebound against some of its peers (including the Japanese yen) as positive macroeconomic data (both domestic and from abroad) clashed with the pessimistic monetary policy outlook. Economic reports released from New Zealand over the week were surprisingly good, increasing the attractiveness of the nation’s currency to investors. Reports from China, the second biggest trading partner of New Zealand, were good … “New Zealand Dollar Seeks Direction amid Clashing Fundamentals”
Canadian Dollar Little Changed due to Economic Data & Oil Prices
The Canadian dollar was little changed-to-lower against most of its major rivals despite economic data from Canada released over the trading session that was good. The problem for the currency was a steep drop of crude oil prices. Canada’s employment rose by 43,900 in October from September — the result which was nowhere near the drop by 10,000 promised by analysts. The unemployment rate was steady at 7.0%. The Ivey Purchasing Managers Index … “Canadian Dollar Little Changed due to Economic Data & Oil Prices”
British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling
Great Britainâs pound rose on Friday to its best level in four weeks after the high court in the UK ruled that the government cannot move ahead with Britainâs exit from the European Union without a parliamentary approval. Thursdayâs court ruling raised investorsâ speculation that the hard Brexit scenario, in which the UK would fully leave the European Union and its single market to have complete control over its borders … “British Pound Touches Its Highest Level in Four Weeks on Brexit Ruling”
NFP opens wide open door to December hike – two opinions
The jobs report was quite good, especially regarding salaries: the biggest y/y gain since 2009. Here are two opinions: Here is their view, courtesy of eFXnews: Oct NFP: ‘Enough Here To Be Hawkish In Terms Of Fed Expectations’ – CIBC US employment data for October helped nudge us one step closer to a Fed hike in December, as the … “NFP opens wide open door to December hike – two opinions”
Dollar Stops Its Losses After a Labor Market Report
The US dollar is fluctuating around a consistent level against the euro today as the US currency halted its weekly slide following the release of labor market data. The US Bureau of Labor Statistics published its report for October, which showed an increase in nonfarm payroll employment by 161,000 while unemployment rate remained unchanged at 4.9%. The dollar initially rose following the report before it gave up its gains and remained little … “Dollar Stops Its Losses After a Labor Market Report”
Bad News Makes Turkish Lira Unappealing for Investors
The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors. Turkey arrested the leaders of the pro-Kurdish opposition People’s Democracy party. This news is likely to increase tensions among Kurds and lead to more violence. And indeed, hours after the detention a car bomb exploded, killing eight people and injuring more than hundred, though at the present time it is hard to tell whether … “Bad News Makes Turkish Lira Unappealing for Investors”