BoC Abandons Hike Bias, Riksbank’s Turn to Decide on Policy
The Canadian dollar slid yesterday, after the BoC fully abandoned its hiking [...]
Trading news
Expert's opinion from FXFinPro
Falling unemployment in Australia has led to the growth of the Australian currency
The price of Australian Dollar showed a sharp rise after the publication of unexpectedly strong statistics on the state of the labor market in the country. Thus, unemployment dropped to 5.9% in October compared to 6.2% in September. At the same time, the number of employed rose by 58,5 thousand vs. expected 14,8 thousand. This fact significantly reduced the likelihood of interest rate cuts by the Reserve Bank of Australia and the potential fall of the Australian dollar declined. Despite this, we expect further strengthening of the US dollar and the weakness on the market of raw materials, which will adversely affect the price of the Australian dollar and will lead to a drop to the levels of 0.69 and 0.68.
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Thursday, 12 Nov, 2015 / 12:41
Trading news
Bank of Canada doubles down on dovishness
Summary: USDCAD soared to 1.3519 from 1.3440, despite a surge in WTI oil [...]
Gold is falling on positive economic news
Gold continues to lose ground. Its spot price has already dropped below $1270 [...]
