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Euro up 0.6% against the United States Dollar, up 0.29% against the British Pound Sterling, up 0.37% against the Swiss Franc, up 1% against the Australian Dollar, up 1% against the Canadian Dollar and up 0.35% against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR cross... View article >
President Trump took a soft-wood lumber stick and whacked the Loonie upside the head. The US is imposing a 20% counter-vailing duty on Canadian softwood lumber imports. And the Canadian Dairy industry is in the cross-hairs. For President Trump, the Canadian Softwood lumber and Dairy industries are easy wins for the man promoting” Fair Trade,... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) struggled to push higher against its main rivals on Monday as investors’ attention was on the Euro following the first round of French elections. A report from the Confederation of British Industry (CBI) on UK Business Confidence also applied some downward pressure on Sterling yesterday as the... View article >
In their latest weekly foreign exchange report, US giant Citi Bank have predicted a rise to 118.0 in USD/JPY in the coming 6-12 months, representing a 7% fall in the dollar buying power of the yen. The yen will depreciate against the dollar as US Treasury yields rebound following future announcements on US fiscal stimulus... View article >
EURUSD gapped higher at the Asia open. News that Emmanuel Macron defeated Marine Le Pen in the French presidential election on April 23 lifted the single currency from Friday’s New York close of 1.0700 to 1.0934. That move triggered a price gap in USDJPY which popped to 110.62 from 109.06., leaving a large gap between... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) had a mixed start to this week’s session but sentiment remained largely upbeat following Prime Minister Theresa May’s call for an early general election in June. Analysts expect the early election will lead to greater Conservative majority in parliament, allowing May to pursue her plans to leave... View article >
There’s only one story in town this morning – the battle for Europe’s future, otherwise known as the French general election. As had been predicted for many months, the pro-Europe, centrist candidate Emmanuel Macron and the far-right, Eurosceptic candidate Marine Le Pen have made it through to the head-to-head second round of voting, to take... View article >
The Euro has surged in early Asian trading to five-month highs against the U.S. dollar as centrist Emmanuel Macron emerged winning the first round presidential election result. The National Front’s Marine Le Pen was predicted to also reach the second round of voting. EUR/USD 1 Week Chart The result was seen as positive for the... View article >
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