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Day: June 17, 2015
June 172015
Dollar Down After Fed Releases Dovish Statement
The Federal Reserve released its monetary policy statement today and it was not positive for the dollar at all, being considered by the markets as a dovish one. The greenback extended its losses against the euro and the Great Britain pound while the US currency pared its earlier gains against the Japanese yen. The Fed left its monetary policy unchanged, in line with market expectations. The central bank also suggested that when the interest […]
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June 172015
US Dollar Pulls Back as Traders Await Fed Announcement
US dollar is pulling back today, heading a little bit lower as Forex traders wait for the Federal Reserve’s announcement about what’s next for the greenback. Policymakers at the Federal Reserve are entering the second day of a two-day meeting to discuss interest rates and plans for monetary policy. An announcement is expected this afternoon, and the greenback is a little lower as Forex traders consolidate their positions and wait for what’s next. Some analysts and traders […]
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June 172015
Sterling Leaps After Upbeat Data
The Great Britain pound leaped today after the fairly upbeat employment data from the United Kingdom. The sterling reached the strongest level since May 15 against the US dollar and the highest since September 2008 versus the Japanese yen. Average weekly earnings rose 2.7 percent in February through April compared to the same period a year ago, exceeding the analysts’ projection of 2.5 percent growth. Unemployment claims fell 6,500 in May […]
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June 172015
Traders Seek Safety of Swiss Franc
The Swiss franc ticked up today after investors had found renewed interest in currencies considered to be safe. So happens, the Swissie is one of such currencies. The flight to safety was caused by concerns about potential default in Greece. The threat of default in the indebted Eastern European country forced investors to seek safer assets, making the franc an attractive investment. The Swiss National Bank will conduct policy meeting on Thursday and may […]
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June 172015
Dollar Weakens After FOMC Policy Meeting
EUR/USD has been trading basically sideways for the most part of the Wednesday’s trading session but broke to the upside after the Federal Reserve had concluded its policy meeting. Market participants perceived the Fed’s statement to be dovish, resulting in a drop of the dollar against other currencies, including the euro. US crude oil inventories decreased by 2.7 million barrels last week following the huge drop by 6.8 billion the week before but […]
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