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Forex market reviews

13 October 2016

Media reviews

Fiona Chen

Weak China data, stronger dollar send global stocks skidding (news: 13/10/16)

World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world's second-biggest economy.
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Market sessions

Gabriel Ojimadu

Pressure on euro increases

On Wednesday the euro/dollar closed down. The price fell to 1.1020. The FOMC minutes didn’t aid the euro bulls. The USD continues to strengthen on expectations that the US Fed will increase rates. According to the minutes, three members of the committee voted for a hike in September. This means that it won’t be worth sacking off your accounts during the November meeting. Maybe there will a surprise if the stats meet the expectations. Here I’m talking about the labour market and CPI data.
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12 October 2016

Media reviews

Fiona Chen

Wall Street stocks slide, dollar hits eight-month high (12/10/16)

Slumping crude prices and a dour start to Wall Street's corporate earnings season pulled down U.S. and European equities on Tuesday, while the dollar hit an eight-month high on increasing bets U.S. interest rates will rise in December.
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Alexander Razuvaev
Alexander Razuvaev

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