Day: December 6, 2016

December 6
2016

British Pound Gives up Earlier Gains Against US Dollar

The British pound erased its earlier gains after the currency moved higher against the US dollar on Tuesday. Mixed sentiments between traders followed a legal case that is presented in front of the Supreme Court of the United Kingdom, which might delay the nation’s departure from the European Union. The Supreme Court started hearing the British government’s appeal over its ability to trigger Article 50 without needing a parliamentary approval. The government […]

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December 6
2016

British Pound Gives up Earlier Gains Against US Dollar

The British pound erased its earlier gains after the currency moved higher against the US dollar on Tuesday. Mixed sentiments between traders followed a legal case that is presented in front of the Supreme Court of the United Kingdom, which might delay the nation’s departure from the European Union. The Supreme Court started hearing the British government’s appeal over its ability to trigger Article 50 without needing a parliamentary approval. The government […]

Read more
December 6
2016

US Dollar Remains Stable Against Euro as Traders Brace for Upcoming Policy Meetings

The US dollar had a tight range of movement against the euro on Tuesday, as currency traders anticipated upcoming monetary policy meetings in major economies. The Governing Council of the European Central Bank meets in Frankfurt on Thursday to decide its future monetary policy. While the Federal Open market Committee gathers next week in a meeting that is expected to end with a decision to raise interest rates in the United States. Following a drop against the shared […]

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December 6
2016

US Dollar Remains Stable Against Euro as Traders Brace for Upcoming Policy Meetings

The US dollar had a tight range of movement against the euro on Tuesday, as currency traders anticipated upcoming monetary policy meetings in major economies. The Governing Council of the European Central Bank meets in Frankfurt on Thursday to decide its future monetary policy. While the Federal Open market Committee gathers next week in a meeting that is expected to end with a decision to raise interest rates in the United States. Following a drop against the shared […]

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December 6
2016

EUR/USD Retreats After Post-Referendum Rally

EUR/USD fell today after yesterday’s rally that followed the Italian referendum. Today’s economic data from the United States was mixed, providing no reason for the currency pair to move either up or down. Meanwhile, traders wait for Thursday’s monetary policy decision from the European Central Bank. No changes to the existing policy and stimulus are expected, but it will be interesting to hear what the bank says about […]

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December 6
2016

Turkish Lira Jumps Against US Dollar

The Turkish lira climbed against the US dollar today, easing the pressure on the nation’s central bank to act in defense of the currency and its inflation goal. Analysts speculate that the weakening lira increases upward risks to inflation, which have already prompted the Central Bank of the Republic or Turkey to increase interest rates in November. Turkish President Recep Tayyip Erdogan called for protection of the currency, claiming that its drop was the result of efforts from […]

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December 6
2016

Turkish Lira Jumps Against US Dollar

The Turkish lira climbed against the US dollar today, easing the pressure on the nation’s central bank to act in defense of the currency and its inflation goal. Analysts speculate that the weakening lira increases upward risks to inflation, which have already prompted the Central Bank of the Republic or Turkey to increase interest rates in November. Turkish President Recep Tayyip Erdogan called for protection of the currency, claiming that its drop was the result of efforts from […]

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December 6
2016

Australian Dollar Struggles to Rebound

The Australian dollar has started the decline by the end of the previous trading session and extended its drop into the current session, even though news from Australia was somewhat positive for the currency. With that said, the Aussie is trying to rebound currently and managed to erase losses against some of its rivals and trim them against others. The Reserve Bank of Australia provided no surprises, leaving its main interest rate at 1.5% […]

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December 6
2016

Australian Dollar Struggles to Rebound

The Australian dollar has started the decline by the end of the previous trading session and extended its drop into the current session, even though news from Australia was somewhat positive for the currency. With that said, the Aussie is trying to rebound currently and managed to erase losses against some of its rivals and trim them against others. The Reserve Bank of Australia provided no surprises, leaving its main interest rate at 1.5% […]

Read more