Loonie falls sharply on GDP miss; pound boosted on Barnier; Eurozone readings mixed

Loonie falls sharply The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session gave a mixed picture. The pound moved higher after some comments by Michel Barnier, the EU’s chief Brexit negotiator, which
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Yen weakens   As markets head into the weekend, investors during the European session were concentrated on political developments in Spain as well as on Brexit negotiations. Japanese snap elections would be also in focus on Sunday with the yen showing some weakness on Friday. However, the loonie was the worst performer out of majors today after retail sales and inflation figures came in worse
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 (European Open) – Korean tensions back on the frontline; stocks retreat, though not as sharply   Korean tensions North Korea saying it could consider conducting another nuclear test, specifically a hydrogen-bomb test in the Pacific, diverted attention from monetary policy decisions and their implications from earlier in the week, dampening risk sentiment. Equity markets have
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Mexico Trade Deficit Widens Sharply In May BUZ INVVESTORK Mexico Trade Deficit Widens   Mexico posted a trade deficit of USD 1079.2 million in May of 2017 compared to a USD 442.1 million trade shortfall a year earlier and missing market expectations of a USD 1000 million surplus. It is the largest trade deficit for
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Oil prices rebounded sharply on Wednesday Oil Buz Investors Oil prices rebounded The commodity is trading at $48.54 per barrel at 09:40 GMT this morning, marginally lower from the New York close. Crude oil witnessed a high of $48.87 per barrel and a low of $48.32 per barrel during the session. In the New York
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