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Day: June 12, 2015
June 122015
Dollar Halts Rally Despite Supportive Fundamentals
The US dollar has received support from domestic macroeconomic reports that led to a rally yesterday. Today, the currency halted its advance even though fundamentals continued to be supportive for the greenback. With positive economic indicators, including rising retail sales and the improving consumer sentiment, the dollar had reasonable support. Additionally, the currency is bolstered by speculations that the Federal Reserve may hike interest rates as soon as September. Yet […]
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June 122015
Dollar Pares Gains Despite Supportive Data
The dollar pared its initial gains versus the euro today even though US economic data continued to be supportive for the greenback. The euro still remained under pressure as talks between Greece and its creditors continue as the deadline for debt repayment nears. PPI rose 0.5% in May, a bit more than had been predicted by analysts (0.4%). The index dropped by 0.4% in April. (Event A on the chart.) Michigan Sentiment Index edged up […]
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