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Day: April 30, 2015
April 302015
Dollar Remains Subdued vs. Euro
EUR/USD was rising today but fell after it was revealed that US jobless claims decreased more than was expected by analysts. Yet as of now the currency pair recovered. Initial jobless claims fell from 296k to 262k last week while analysts expected just a small drop to 290k. (Event A on the chart.) Both personal income and spending missed analysts’ estimates for March. Income was unchanged compared […]
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April 302015
Dollar Stays Flat After Turbulent Trading
The US dollar was hurt yesterday by a report that showed the US economy almost grinding to a halt. The currency relieved some of its wounds after the Federal Reserve released its policy statement that was relatively optimistic. Today, the dollar stays flat as traders digest the news. The Fed statement admitted that economic data was poor lately but attributed this partly to temporary factors: Information received since the Federal […]
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