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Day: December 17, 2015
December 172015
EUR/USD Goes Down, Unable to Keep Upward Momentum
While EUR/USD was trying to keep going up after the Federal Reserve policy announcement yesterday, it has retreated by the end of Wednesday’s session and continued to sink lower today. Economic data from the United States was mixed, but there were no reports bad enough to hurt the dollar much. Philadelphia Fed manufacturing index dropped from 1.9 to -5.9 in December, proving wrong those analysts who had […]
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December 172015
Euro Struggles Against Major Currencies as Traders Assess
Euro is struggling today against major currencies, but not as much as many thought it would be. Even though the Fed’s rate hike yesterday weighed on the 19-nation currency, it’s not the rout many expected. Euro is mostly lower against major currencies today, but it’s not as low as many expected. In fact, today appears to be a day of assessment. Yesterday’s Federal Reserve decision sent the US […]
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December 172015
Dollar Rallies After Fed Hikes Rates for First Time Since 2006
The Federal Reserve performed a long-anticipated interest rate hike on Wednesday. While the dollar had a confusing reaction to the announcement at first, it rallied by the end of trading session and continued to move up during the start of the Thursday’s trading session. The Fed raised its benchmark interest rate by a quarter of a percentage point to 0.5 percent on Wednesday, performing the first hike in almost a decade. Yet the dollar was not sure how to react to the news, rising after […]
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