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Day: April 7, 2016
April 72016
EUR/USD Backs Off from Highest Level Since October
EUR/USD fell during the Thursday’s trading session after reaching the highest level since October intraday. US macroeconomic data may have played a part in the bounce as it was rather good. Friday is going to be light on economic reports with only wholesale sales being released. At the same time, several members of the Federal Reserve will be speaking, including Chairwoman Janet Yellen. Initial jobless claims fell […]
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April 72016
US Dollar Steady Against Euro and Pound, Down Against Yen
US dollar is remaining steady against the euro and the pound as risk aversion remains an issue. However, the greenback continues to fall against the yen. The minutes from the latest Federal Reserve meeting are reinforcing the cautious tone put forward by Janet Yellen recently. As a result, hopes for a June interest rate hike are fading. The news has the greenback continuing its fall against the Japanese yen, which has been gaining ground […]
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