Fx Primus Rebates

Canadian Dollar Advances Against Majors

Reversing direction, the Canadian dollar climbed against its major counterparts in the European session on Wednesday. The loonie strengthened to 1.3434 against the greenback, from an early low of 1.3482. The loonie bounced off to 1.5313 against the euro and 83.63 against the yen, from early near a 5-month low of 1.5377 and near a…

Fx Primus Rebates

Yen Strengthens Amid Risk Aversion On Global Growth Worries

The Japanese yen spiked up against its major counterparts in the early European session on Tuesday amid risk aversion, as global growth worries escalated and oil prices fell for a third straight session on concerns about oversupply. With a key speech by Chinese President Xi Jinping offering no new specific measures for the implementation of…

Fx Primus Rebates

German Ifo Business Confidence Lowest Since Sept. 2016

Germany’s business confidence slid to its lowest level in over two years, reports said Tuesday, citing data from the Ifo survey. The Ifo Business Climate Index dropped to 101 from 102 in November. Economists had expected a score of 101.7. The latest reading was the lowest since September 2016, when it was 100.8. The current…

Fx Primus Rebates

U.S. Dollar Nosedives Ahead Of Fed Meeting

The U.S. dollar lost ground against its major opponents in the European session on Tuesday, as investors awaited the Fed meeting beginning today amid speculation that it is likely to consider a brief pause to its next year’s rate hike cycle on slowdown worries. The Fed begins its two-day policy meeting later today and is…