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Tag: G7 Meetings

USD/CAD – Canadian Dollar Shrugs off Weak Job Numbers, Dramatic Ontario Election

It continues to be an uneventful week for the Canadian dollar, and the trend has continued on Friday. Currently, USD/CAD is trading at 1.3002, up 0.17% on the day. In economic news, Canadian housing and employment data disappointed. Housing Starts dropped to 196 thousand, well off the estimate of 214 thousand. Employment Change declined by 7.5 thousand, […]

DAX Slides Ahead of Possible Showdown at G-7

The DAX index has recorded sharp losses in the Friday session. Currently, the DAX is at 12,707, down 0.82% on the day. Earlier in the day, the DAX had declined more than 1.0 percent. On the release front, German numbers missed expectations. German Industrial Production declined 1.0%, well off the estimate of 0.4%. Germany’s trade surplus […]

GBP/USD – British Pound Shrugs Off Strong Housing Inflation Data

The British pound has posted slight gains in the Thursday session. In North American trade, GBP/USD is trading at 1.3432, up 0.15% on the day. On the release front, British Halifax HPI recorded a strong gain of 1.5%, beating the estimate of 1.1%. In the U.S, unemployment claims ticked up to 222 thousand, just below […]

USD/CAD – Will Ontario Election Shake Up Canadian Dollar?

It has been an uneventful week for the Canadian dollar, and the trend has continued on Thursday. Currently, USD/CAD is trading at 1.2958, up 0.11% on the day. On the release front, the U.S unemployment claims is expected to edge up to 223 thousand. The Bank of Canada will release its semi-annual Financial System Review, followed by a […]

EUR/USD – Euro Rises to 3-Week High on Talk of Stimulus Wind-Up

EUR/USD has posted gains in the Thursday session. Currently, the pair is trading at 1.1822, up 0.40% on the day. On the release front, German Factory Orders plunged 2.5%, missing the estimate of 0.7%. In the eurozone, Revised GDP dipped to 0.4%, matching the estimate. In the U.S, unemployment claims is expected to edge higher […]