US Economy

Trump stimulus talks and Canadian Dollar

After Trump Stimulus Tweets, Canadian Dollar Drops Against U.S. Dollar

The latter rallied, encouraged by the risk-off market sentiment as stimulus hopes vanished. The USD/CAD currency pair climbed higher during the American session. President Donald Trump lost all hopes of a US stimulus compromise before the November 3 elections. On Tuesday, the USD/CAD currency pair climbed from a low of 1.3242 during the Asian market …

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EUR/USD

The EUR/USD Currency Pair On Risk-Off Sentiment

Furthermore, the EUR/USD currency pair’s decline was fed by the weak inflation data from the euro area. Thus, preventing the bloc’s economic restoration. The EUR/USD currency pair last Friday dropped from a starting high of 1.1744 in the Australian market to a low of 1.1696 soon after that before rallying higher and suddenly falling again. …

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Euro and USD

Euro Trades With Falls And Rises, Elevated Against The USD

The EUR/USD currency pair improved yesterday. It rose from a low of 1.1717 in the Australian market to a high of 1.1770 in the mid-European session. Nevertheless, it had two critical retracements in progressing each time. Moreover, the heightened investor risk pushed the currency pair’s rally. The statement of the disappointing Markit/BME Germany Manufacturing PMI, …

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Commodities

Trump is going to help agricultural producers with $14 billion

According to the latest news, U.S. President Donald Trump and Secretary of Agriculture Sonny Perdue are going to spend $14 billion to support agricultural producers. This action aims to repair economic damage from coronavirus disease. The Coronavirus Food Assistance Program (CFAP 2) will start on September 21 and continue to December 11. USDA, United States …

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A Stronger US Dollar Did not Help Commodities

A Stronger US Dollar Did not Help Commodities

According to the latest data, the US dollar has strengthened thanks to haven demand for Wall Street’s US dollar assets. However, a stronger USD didn’t help commodities. The Australian dollar fell more than a half-cent to end close 72.12 US cents in Early Asian dealings as the US dollar strengthened. Contrasting Wall Street, there was …

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