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[QUOTE="limyeeshin, post: 114849, member: 35099"] [B][U][CENTER][SIZE="5"][COLOR="Blue"]Friday 18 November 2016[/COLOR][/SIZE][/CENTER][/U][/B] [B][U][COLOR="Red"]Dollar hovers at 14-year peak on U.S. optimism[/COLOR][/U][/B] The U.S. dollar edged up and hovered close to its 14-year peak against the other major currencies on Thursday after the release of upbeat data, amid ongoing optimism over the strength of economy. The U.S. Department of Labor reported that initial jobless claims decreased by 19,000 to 235,000 which is the lowest level since 1973, crushing expectations to rise by 3,00 to 257,000. A separate report from the Commerce Department said housing starts boosted 25% in October to 1.323 million units. Building permits also rose by 0.3% to 1.229 million units. Consumer prices also came in at a 0.4% rise in October, 1.6% increase year-on-year, hitting highest level since 2014. The strong data added optimism to the U.S. economy and bolstered expectations for a December rate hike. Earlier of the week, Federal Reserve Chair Janet Yellen warned about the danger of waiting too long to tighten monetary policy, amid some other states Fed presidents showed favor of raising interest rates. The dollar was measured at 100.55, just off a fresh 14 year peak of 100.62 hit earlier session. [B][U][COLOR="Red"]Commodity linked currencies remains under pressure[/COLOR][/U][/B] Canadian dollar found some support as oil prices rose higher on Thursday after Saudi Energy Minister Khalid al-Falih showed optimism over OPEC would formalize the oil output deal. USD/CAD pair hit 1.3412 in early trades, and eased off to 1.3400, down 0.27%. Meanwhile, Australian dollar edged down after the release of downbeat employment data. The number employed people rose by 9,800 in October, disappointing 20,000 gain seen. Also September’s number of employment was revised down to 29,000 drop, further from previous estimation drop of 9,800. AUD/USD weakened 0.12% to 0.7470, near its two-month lows of 0.7455. New Zealand dollar rose but limited as demand for the greenback remained widely with growing expectations for the Fed’s December rate hike. NZD/USD rose 0.23% to 0.7086. [B][U][COLOR="Red"]Sterling holds steady, upbeat retails[/COLOR][/U][/B] The British pound held steady after the release of better-than-expected retail data. The U.K. Office for National Statistics said the retail sales increased by 1.9%in October, beating 0.4% rise seen by analysts. The retail sales increased by 7.4% year-on-year, further than 5.3% rise expected. Core retail sales excluding automobile and fuel, gained 2.0% in October, above 0.4% rise seen. Elsewhere, the euro slightly eased off Thursday from its 11-month trough against the dollar in earlier trade. EUR/USD rose 0.13% at 1.0704, amid USD/CHF traded at 1.0024. [B][U][COLOR="Red"]Major pairs (latest update)[/COLOR][/U][/B] [HTML]USD/JPY ↑0.05% 110.18 EUR/USD ↓0.12% 1.0611 EUR/JPY ↓0.09% 116.90 USD/CAD ↑0.17% 1.3544 GBP/USD ↓0.10% 1.2407 USD/CHF ↑0.14% 1.0084 AUD/USD ↓0.23% 0.7390 NZD/USD ↓0.07% 0.7021 USD/CNH ↓0.00% 6.9043[/HTML] (*as at GMT +13 13:00) (Mia Chung) COMPANY PROMOTION [B][COLOR="Blue"]We offered White Label service. Kindly contact us at [email]yeeshin@solforex.com[/email] or [email]support@solforex.com[/email][/COLOR][/B] [/QUOTE]
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