Day: April 17, 2014

EUR/USD Trims Gains as US Data Surprises Positively

EUR/USD was rising today as dovish comments of US policy makers sent the dollar down. The currency pair gave away about 50% of its gains after US macroeconomic reports turned out to be much better than was expected, suggesting that the US economy is healthy and may survive without excessive monetary accommodation. Such view is positive for the greenback and negative for the euro. Initial jobless claims rose […]