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Loonie Little Changed After Canada Housing Starts

Following the release of Canada housing starts for December at 8:15 am ET Wednesday, the loonie changed little against its major rivals. The loonie was trading at 1.3240 against the greenback, 82.21 against the yen, 1.5161 against the euro and 0.9489 against the aussie around 8:17 am ET. The material has been provided by InstaForex…

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China Inflation Data Due On Thursday

China will on Thursday release December numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity. Consumer prices are expected to rise 2.1 percent on year, slowing from 2.2 percent in November. Producer prices are called higher by an annual 1.6 percent – down sharply from 2.7 percent in the previous month. Japan…

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Loonie Mixed Ahead Of Canada Housing Starts

At 8:15 am ET Wednesday, Canada housing starts for December are set for release. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie rose against the euro, it held steady against the rest of major rivals. The loonie was worth 1.3243 against the greenback, 82.22 against the yen, 1.5167…

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Oil Futures Extend Winning Streak To 8th Session

Crude oil prices rose sharply on Wednesday, extending gains to an eighth successive session, amid easing concerns about energy demand and on data showing a drop in U.S. crude inventories. Worries about energy demand have eased a bit following the high level trade discussions between U.S. and Chinese officials. It is now being speculated that…

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U.S. Dollar Strengthens On Trade Optimism

The U.S. dollar advanced against its major counterparts in the European session on Wednesday, erasing its early losses, as U.S. treasury yields spiked up after the U.S. and China wrapped up trade talks amid signs of progress on key issues. Sentiment lifted up after talks have been extended for an unexpected third day, with US…

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Treasuries Finish Choppy Trading Session Modestly Lower

After recovering from an initial move to the downside, treasuries showed a lack of direction over the course of the trading session on Wednesday. Bond prices spent much of the day bouncing back and forth across the unchanged line before closing modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of…

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Dollar Losing Ground After Fed Minutes Released

The dollar is down against all of its major rivals Wednesday afternoon. On a light day for U.S. economic news, traders were focused on the Fed minutes. Minutes from the Federal Open Market Committee’s latest meeting confirmed Federal Reserve Chairman Jerome Powell’s recent remarks suggesting the central bank will take a patient approach to further…

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Fed Minutes Indicate Patient Approach To Further Rate Hikes

Minutes from the Federal Open Market Committee’s latest meeting confirmed Federal Reserve Chairman Jerome Powell’s recent remarks suggesting the central bank will take a patient approach to further interest rate increases. The minutes of the FOMC’s December meeting showed participants saw the appropriate extent and timing of future rate hikes as less clear than earlier.…

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Gold Settles Higher As Dollar Eases Ahead Of Fed Minutes

Gold prices moved higher on Wednesday, as global stocks extended recent gains and the dollar shed ground against most major currencies ahead of release of the minutes of the Federal Reserve’s policy meeting in December. Easing worries about U.S.-China trade tensions amid speculation the two countries will strike a deal ahead of a March 1…