The dollar did not stay down for long, as the US currency already went higher on Tuesday. A surge in US existing home sales during October boosted tradersâ expectations that the Federal Reserve might decide multiple interest rate increases in 2017 following a predicted rate hike in December. After a small selloff on Monday, which was caused by tradersâ reevaluation of the dollarâs recent gains, the US currency returned to climb again on Tuesday. […]
Read moreThe dollar did not stay down for long, as the US currency already went higher on Tuesday. A surge in US existing home sales during October boosted tradersâ expectations that the Federal Reserve might decide multiple interest rate increases in 2017 following a predicted rate hike in December. After a small selloff on Monday, which was caused by tradersâ reevaluation of the dollarâs recent gains, the US currency returned to climb again on Tuesday. […]
Read moreEUR/USD halted its long decline and rose on Monday but was unable to extend the rise on Tuesday. The currency pair lost its upward momentum as economic data released from the United States over the trading session was good and exceeded analysts’ expectations, providing support to the dollar. Richmond Fed manufacturing index posted a reading of 4 in November after logging a reading of -4 in October. Experts had predicted a smaller increase to 1. […]
Read moreThe British pound came under pressure on Tuesday as currency traders had an increased demand for shelter assets to reduce their exposure to sudden movements in the poundâs exchange rate. The pound is expected to move violently ahead of the UKâs Autumn Statement that will be given tomorrow by Chancellor Philip Hammond. Investors will be keeping a close eye on the statement, which is expected to give more hints on the governmentâs spending plan following […]
Read moreThe British pound came under pressure on Tuesday as currency traders had an increased demand for shelter assets to reduce their exposure to sudden movements in the poundâs exchange rate. The pound is expected to move violently ahead of the UKâs Autumn Statement that will be given tomorrow by Chancellor Philip Hammond. Investors will be keeping a close eye on the statement, which is expected to give more hints on the governmentâs spending plan following […]
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