Real Falls vs. Dollar, Brazil’s Officials Unconcerned

The Brazilian real fell against the US dollar today, but Brazil’s officials were not concerned by the dollar’s strength, thinking that there are plenty supportive fundamentals for the Brazilian currency. Finance Minister Henrique Meirelles said at the press conference in Davos that high commodity prices and prospects for economic recovery should support the real. The currency has already gained 1% this year. A strong currency should reduce inflation, and that … “Real Falls vs. Dollar, Brazil’s Officials Unconcerned”

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Britain’s Pound Unable Maintain Tuesday’s Rally

The Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday. Average weekly earnings rose 2.8% through September to November from the same period a year ago. The number of unemployment claims fell by 1,100 in December from November. Yet the positive report did not help the sterling, which apparently spent all its upward momentum during yesterday’s … “Britain’s Pound Unable Maintain Tuesday’s Rally”

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AUD/USD: Trading the Australian Employment Change

Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian Employment Change”

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US Dollar Drops as Donald Trump Says the Currency Is Too Strong

The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nation’s currency. The British pound was the biggest gainer against the US dollar. The dollar’s drop followed comments made by Trump during an interview with The Wall Street Journal. The president-elect, who comes in office on January 20, said that that the devaluation of the Chinese yuan is making competition … “US Dollar Drops as Donald Trump Says the Currency Is Too Strong”

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British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit

The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen. The British pound started the day weaker, but May’s speech triggered a major rally for the pound as the markets reacted positively to May’s 12-poin Brexit … “British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit”

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GBP: 12 Key Points Of Brexit Plan; Implications For GBP

Theresa May singled out the UK from the single market, but after GBP/USD fell to the abyss, her upbeat speech lifted sterling (here are three reasons why). What’s next? The team at BTMU runs through 12 keypoints for the pound: Here is their view, courtesy of eFXnews: Key Points Of Brexit Plan. 1) PM May views … “GBP: 12 Key Points Of Brexit Plan; Implications For GBP”

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GBP/USD: Trading the UK Claimant Count Change

The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate, which is released at the same time, it provides a snapshot of the UK employment situation and could affect the direction of GDP/USD.   Here are the details and 5 possible outcomes for GBP/USD. Published on Wednesday … “GBP/USD: Trading the UK Claimant Count Change”

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Rising Global Inflation Brings Central Banks into Focus

PMI Data Points Higher Data releases over the start of the year reflect a turn higher in global inflation and global growth. Indeed, the global composite PMI marked a post- 9/11 high in December. Typically, higher oil and other commodity prices alongside weaker currencies in some areas foster these conditions. There is now a growing … “Rising Global Inflation Brings Central Banks into Focus”

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Euro Remains Stable Against US Dollar as Traders Anticipate ECB Meeting

The euro traded within a tight range against the US dollar on Monday. Traders held their positions in anticipation for the European Central Bank’s meeting on Thursday and the presidential inauguration in the US on Friday. On a quiet day on the economic data front, traders hoped that Donald Trump’s presidency will support the US currency, which slightly undermined the euro. Meanwhile, positive data in the European Union failed to support the shared currency. Eurostat, the statistical office of the European … “Euro Remains Stable Against US Dollar as Traders Anticipate ECB Meeting”

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USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed

The USD/CAD currency pair struggled to maintain its upward momentum today even as US markets remain closed. The pair demonstrated mixed results similar to those of last week given that weakness in the US dollar typically strengthens the Canadian dollar. The US dollar rallied higher during today’s session, as indicated by the US Dollar index, but the currency pair has not reflected the greenback’s rally. The currency pair remained in positive territory for the day but … “USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed”

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