Category Archives: Forex For Beginners

Dollar Retreats as Fears of Government Shutdown Grow By Investing.com

Investing.com – The dollar traded sharply lower against a basket of major currencies amid renewed fears of a US government shutdown prompting traders to pile into safe heaven yen. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.35% to 90.33. Senate majority leader Mitch McConnell was preparing contingency plans for the growing possibility of a government shutdown, Politico reported, citing two Republican sources. The report sparked risk-off sentiment as traders piled into safe haven currencies like the yen and […]

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Forex- Dollar Continues to Fall as Euro Rises By Investing.com

© Reuters. The U.S. dollar fell on Thursday. Investing.com – The dollar fell against a basket of the other major currencies on Thursday, held back from recent gains by a rising euro. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.40% to 90.29 by 11:36 AM ET (16:36 AM GMT), from an overnight high of 90.77. increased 0.45% to trade at 1.2241. The euro pulled back from a three year high of 1.2323 on Wednesday after comments by […]

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Dollar Remains Lower as Euro Regains Momentum By Investing.com

© Reuters. Dollar remains lower as euro regains momentum Investing.com – The dollar remained lower against a basket of the other major currencies on Thursday as the euro regained ground after pulling away from a three year peak in the previous session. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.33% to 90.35 by 08:55 AM ET (13:55 AM GMT), off an overnight high of 90.77. The euro climbed around half a cent, with rising 0.49% to 1.2246. […]

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USD/CAD Moves Higher After U.S. Data By Investing.com

© Reuters. Greenback gains ground vs. loonie in early trade Investing.com – The U.S. dollar moved higher against its Canadian counterpart on Thursday, after the release of U.S. data, while the Bank of Canada’s decision to raise interest rate on Wednesday continued to dampen demand for the local currency. was up 0.19% at 1.2465 by 09:30 a.m. ET (13:30 GMT). The U.S. Labor Department reported on Thursday that initial jobless claims fell by 31,000 to last week from 261,000. Analysts had expected claims to fall to 250,000 […]

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Dollar Remains Moderately Lower Vs. Rivals, U.S. Data Ahead By Investing.com

© Reuters. Dollar still on the downside ahead of U.S. economic reports Investing.com – The dollar remained moderately lower against other major currencies on Thursday, as investors remained cautious ahead of a flurry of U.S. economic reports due later in the day. Market participants were looking ahead to the release of U.S. data on , , and . The dollar has been pressured lower recently by concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, including the European Central Bank to […]

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Aussie Holds Steady After Mixed Data, Kiwi Moves Higher By Investing.com

© Reuters. Aussie little changed, kiwi higher vs. greenback in late trade Investing.com – The Australian dollar was steady against its U.S. counterpart on Thursday, after the release of mixed Australian employment data, while the New Zealand dollar moved higher as the greenback remained under pressure. was almost unchanged at 0.7970, not far from the previous session’s fresh four-month peak of 0.8023. Earlier Thursday, the Australian Bureau of Statistics said that the number of employed people increased by in December, beating expectations for a 9,000 rise. The […]

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PBOC Sets Yuan Parity At 6.4401 Against Dollar By Investing.com

© Reuters. Yuan parity Investing.com – The People’s Bank of China set the yuan mid-point at 6.4401 against the dollar on Thursday, compared to the previous close of 6.4335. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Disclaimer: Fusion Media would like to remind you that the data contained […]

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Aussie Holds Gains After Australia December Jobs Data Shows Jump By Investing.com

Aussie up in Asia after jobs data Investing.com – The Aussie held steady in Asia on Thursday after a surprise gain in jobs in December was offset by a higher particpation rate in the survey and with currency traders awaiting growth figures from Beijing expected to show continued robust gains for the economy. traded at 0.7974, up 0.09% ahead of key data from top trading partner China. changed hands at 111.28, down 0.03%. Australia said the economy added 34,700 , well above an expected gain of 9,000 […]

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Aussie Gains In Asia Ahead Of China Q4 GDP By Investing.com

Aussie gains in Asia Investing.com – The Aussie gained in Asia on Thursday with currency traders awaiting growth figures from Beijing expected to show continued robust gains for the economy. traded at 0.7974, up 0.09% ahead of key data from top trading partner China. changed hands at 111.33, up 0.02%. China reports fourth quarter GDP on Thursday that is expected to show a 6.7% gain and a 1.6% rise . In the third quarter, GDP rose 6.8% on year and 1.7% on quarter. As well, in China […]

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GBP/USD Regains Momentum as Dollar Rally Falters By Investing.com

Investing.com – The dollar traded modestly higher against a basket of major currencies amid mixed US economic data which failed to offset losses following an uptick in the loonie and sterling. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.14% to 90.36. U.S. industrial production increased more than expected in December buoyed by strong gains in mining production, but manufacturing output fell short of expectations amid the recent cold snap across the U.S. surged 0.9% in December last month, […]

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