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Day: September 25, 2014
September 252014
Greenback Gains on Increased Policy Divergence
US dollar index is higher today, thanks in large part to the policy divergence that the greenback has with its counterparts. US dollar is gaining ground against other majors as expectations for higher rates provide support. Even though the US economy has been recovering in fits and starts, overall progress has been shown, and it appears to be picking up the pace. This is in contrast to other economic […]
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September 252014
EUR/USD Recovers Somewhat on Negative US Data
EUR/USD continued to fall during the early trading session today but stalled during the European Forex trading session and reversed its direction after today’s macroeconomic data from the USA had been released. The currency pair benefited from both reports. Initial jobless claims rose from 281k to 293k last week. This significant increase turned out to be lower than the expected growth to 296k. (Event A on the chart.) […]
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