The Great Britain pound gained on its most-traded rivals today on the reports that the United Kingdom is willing to compromise to reach a trade deal with the European Union. The currency has trimmed its gains by now but was trading above the opening level against most peers, though retreated to the opening level versus the US dollar. According to reports, Britain is willing to keep borders between Northern Ireland and the Irish Republic … “Great Britain Pound Up After Brexit News”
Month: October 2018
Aussie Little Changed Following Mixed Macroeconomic Data
The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed. China’s official manufacturing Purchasing Mangers’ Index fell to 50.8 in September from 51.3 in August, missing the consensus estimate of 51.2 and touching the lowest level since February. The Caixin China Manufacturing … “Aussie Little Changed Following Mixed Macroeconomic Data”
Canadian Dollar levels to watch after the USMCA
A new NAFTA is born and renamed as USMCA. The USD/CAD dropped to a four-month low on the relief. The pair has room to fall, at least until the bottom of the downtrend channel. In last-minute late-night talks, Canada and the United States reached an agreement on a new version of the North American Free … “Canadian Dollar levels to watch after the USMCA”
CAD Moves Sharply Higher After Canada Joins Trade Deal with USA & Mexico
The Canadian dollar rose sharply today after the news that Canada will join the trade agreement with the United States and Mexico after all. The currency opened sharply higher and proceeded to move up. Just when it looked like Canada will be left out of the US-Mexico trade agreement, politicians managed to find a consensus. The new United States-Mexico-Canada Agreement will replace the old North American Trade Agreement. Under … “CAD Moves Sharply Higher After Canada Joins Trade Deal with USA & Mexico”