Elections — News Archive

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USD/TRY Trades above 5.80, Bouncing After Falling to Almost 5.70

The USD/TRY currency pair rebounded after falling earlier today. The previous rally of the Turkish lira was a result of many positive factors.

Pound Faces Sell-Off After European Elections

The Great Britain pound faced a sell-off again after the European elections over the weekend. The outcome of the voting showed a surge of support for the Brexit party, increasing chances of a “no-deal Brexit”.

Euro Drops Despite Pro-EU Parties Retaining Majority in EU Elections

The euro today fell against the US dollar despite pro-EU parties securing majority of the Parliamentary seats in the recently concluded election. The EUR/USD currency pair today fell from its Asian session highs and dropped to daily lows where it traded sideways for the rest of the day.

Australian Dollar Fails to Keep Rally Caused by Election Surprise

The Australian dollar opened sharply higher on Monday after the unexpected outcome of the election held over the weekend. But analysts were unconvinced by the rally, and indeed the Aussie has trimmed its gains by now, losing them outright against many rivals.

Euro Mixed After Announcement from Angela Merkel

The euro was mixed today after German Chancellor Angela Merkel announced that she will not seek re-election as her party’s leader. Markets were not particularly pleased with the announcement.

Euro Rallies Against US Dollar on North Korea Progress

The euro today rallied higher against the US dollar as investors embraced the risk-on mood in the market after it emerged that  North Korea was considering possible denuclearization. The news emerged from talks between North Korea and its Southern counterpart, and its impact was significant enough to outweigh the effect of the Italian general election on the single currency.

Euro Mixed After European Elections, Disappointing Economic Reports

The euro fell against the US dollar intraday but has managed to recover by now. Against other majors the shared 19-nation currency was mixed, rising against the safe currencies, like the Japanese yen, but falling versus the Great Britain pound. The major driver for the currency were European election on the weekend.

Euro Rallies Against US Dollar on Positive Investor Sentiment

The euro today rallied higher against the US dollar boosted by positive investor sentiment towards the single currency. The lack of any significant data from the Eurozone economic docket means that the single currency’s rally was not triggered by any fundamental drivers.

Japanese Yen Gains vs. US Dollar, Falls vs. Other Majors

The Japanese yen rose against the US dollar today but fell against other major rivals. The drop followed last week’s substantial gains.

Japanese Yen Stable After Announcement of Snap Election

The Japanese yen was stable today despite the announcement of a snap election in October.

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