The Canadian dollar tumbled against some of its major rivals to kick off the new month on Friday. The loonie fell on reports that economic growth slowed in the fourth quarter, and new data that found the nationâs current account deficit widened during the October-to-December period. The buck has had a rough start to 2019, and many analysts anticipate the pain to continue. According to Statistics Canada, the Q4 gross domestic product (GDP) advanced at an annualized … “Canadian Dollar Weakens on Q4 Slowdown, Current Account Gap”
Month: March 2019
USD/JPY rally halted and everything depends on the NFP now
USD/JPY rose on upbeat US data and a bit of optimism. The Non-Farm Payrolls report and trade talks are in the limelight. The technical picture is bullish for the pair while experts are only bullish in the short term and see falls afterward. This was the week: Upbeat US GDP, Asian tensions, steady Fed, and … “USD/JPY rally halted and everything depends on the NFP now”
Euro Drops on Mixed Eurozone Data, Rallies on Weak US Data
The euro today dropped lower against the US dollar in the late Asian session before rallying higher on upbeat German retail sales data for January. The EUR/USD later declined despite the release of mixed German unemployment data, then rallied higher into the American session. The EUR/USD currency pair today hit a low of 1.1350 in the early European session before … “Euro Drops on Mixed Eurozone Data, Rallies on Weak US Data”