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Day: December 22, 2015
December 222015
Euro Gains Despite Discouraging News
The euro rallied against its major peers on Monday and retained its gains at the start of Tuesday’s trading even though news from the European Union was not especially encouraging. According the flash estimate, the consumer confidence index improved this month in the eurozone and the whole EU but remained in the negative territory. The German Producer Price Index dropped 2.5 percent in November from a year ago. On top of that all, the Spanish elections […]
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December 222015
Fed Hike Fails to Propel Dollar Higher
Traders are still not certain how to react to the decision of the Federal Reserve to hike interest rates. As a result, the US dollar demonstrated rather mixed performance, showing no clear trend. Initially, it looked like the Fed’s decision was very supportive for the US currency as many economists had anticipated. This resulted in uncertainty about the future of the currency despite the the gains. And indeed, the greenback struggled to keep its upside momentum, slowing […]
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