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Day: December 22, 2016
December 222016
US Dollar Edges Lower Against Major Peers Following Rapid Gains
The US dollar on Thursday gave up some of the gains it achieved after the Federal Reserveâs decision to raise interest rates, as the currency struggled to keep moving higher ahead of the Christmas holiday. The greenback moved lower against most of its major peers today. The US currency found support in new data releases in the United States, which limited its decline today. The US Bureau of Economic Analysis published a report containing a revised […]
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December 222016
US Dollar Edges Lower Against Major Peers Following Rapid Gains
The US dollar on Thursday gave up some of the gains it achieved after the Federal Reserveâs decision to raise interest rates, as the currency struggled to keep moving higher ahead of the Christmas holiday. The greenback moved lower against most of its major peers today. The US currency found support in new data releases in the United States, which limited its decline today. The US Bureau of Economic Analysis published a report containing a revised […]
Read more
December 222016
Euro Rallies Against US Dollar, Unable To Sustain Upward Momentum
The euro started today’s trading session by gaining significant ground against the US dollar, but went on to retrace some of its gains later in the day. The euro hit a weekly high against the US dollar based on weak data released from the USA regarding consumer spending and income. The euro’s brief rise was also backed by the economic bulletin released by the European Central Bank today. The data released by the Bureau of Economic Analysis today indicated […]
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December 222016
Euro Rallies Against US Dollar, Unable To Sustain Upward Momentum
The euro started today’s trading session by gaining significant ground against the US dollar, but went on to retrace some of its gains later in the day. The euro hit a weekly high against the US dollar based on weak data released from the USA regarding consumer spending and income. The euro’s brief rise was also backed by the economic bulletin released by the European Central Bank today. The data released by the Bureau of Economic Analysis today indicated […]
Read more
December 222016
EUR/USD Retreats from Daily High on Thursday
EUR/USD rose for the second day today, though has retreated from the daily high and is moving down right now. Economic data released from the United States over the trading session was disappointing for the most part with few exceptions, most notable the upward revision of US gross domestic product in the final estimate. Analysts do not think that the longer-term uptrend of the US dollar is in danger and explained the current […]
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December 222016
Great Britain Pound Pauses Decline on Thursday
The Great Britain pound fell a bit on Wednesday, though paused its decline during Thursday’s early trading. The currency started a rally in October but has halted it in the middle of December and now is in a bearish mode. The theme of the Brexit remains a hot topic for the United Kingdom. It is unclear whether Prime Minister Theresa May will be able to avoid the “hard” Brexit through negotiations with the European Union and what […]
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December 222016
Great Britain Pound Pauses Decline on Thursday
The Great Britain pound fell a bit on Wednesday, though paused its decline during Thursday’s early trading. The currency started a rally in October but has halted it in the middle of December and now is in a bearish mode. The theme of the Brexit remains a hot topic for the United Kingdom. It is unclear whether Prime Minister Theresa May will be able to avoid the “hard” Brexit through negotiations with the European Union and what […]
Read more