Day: March 27, 2015

March 27
2015

Euro Ends Session Almost Flat After Volatile Trading

The euro ended Friday virtually flat against the US dollar and the Japanese yen while against the Great Britain pound the currency closed below the opening level but trimmed most of the daily loss. Friday’s trading was rather volatile as currencies had trouble establishing a clear-cut trend. As a nice example of that, the euro was falling in the first half of the trading session, bounced later but retreated closer to the opening level afterwards. The reason […]

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March 27
2015

Dollar Falls, Heads to Weekly Losses

The US dollar fell today following disappointing macroeconomic reports from the United States. The losses were very limited but the greenback was still set to be one of the weakest currencies on the Forex market over the past week. The final revision of US gross domestic product confirmed that the US economic growth slowed in the fourth quarter of 2014. The Survey of Consumers performed by the University of Michigan showed that the consumer sentiment worsened in March […]

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March 27
2015

Aussie Mostly Lower as Gold Prices Drop

Australian dollar is mostly lower today, falling against its major counterparts, as risk appetite flees and gold prices drop. Aussie isn’t expected to improve much in the coming weeks, either. There is a lot weighing on the Aussie right now. Aussie is losing ground fast today and is lower against most of its counterparts. One of the few currencies that is losing ground to the Aussie is the euro, which is […]

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March 27
2015

EUR/USD Recovers as US GDP Slows in Q4

EUR/USD was falling in the first half of the current trading session but recovered after a final estimate of US gross domestic product confirmed that US economic growth slowed in the last quarter of the previous year. As of now, the currency pair trades slightly above the opening level. Growth of US GDP was at 2.2% in Q4 2014 according to the third and final estimate, unchanged from the preliminary estimate. The actual rate of growth was smaller […]

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