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Day: January 4, 2017
January 42017
British Pound Rises Against US Dollar on Positive Economic Data in the UK
The British pound had some minor gains against the dollar on Wednesday, while remaining largely unchanged against the euro. The British currency benefited from fresh data that showed improving construction sector and higher consumer credit in the United Kingdom. The Bank of England published its money and credit report for November 2016, which showed that consumer credit rose by a 10.8% annualized rate, or 1.9 billion pounds, during the month. Total […]
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January 42017
British Pound Rises Against US Dollar on Positive Economic Data in the UK
The British pound had some minor gains against the dollar on Wednesday, while remaining largely unchanged against the euro. The British currency benefited from fresh data that showed improving construction sector and higher consumer credit in the United Kingdom. The Bank of England published its money and credit report for November 2016, which showed that consumer credit rose by a 10.8% annualized rate, or 1.9 billion pounds, during the month. Total […]
Read more
January 42017
US Dollar Weakens as Markets Await Release of FOMC Minutes
The US dollar has weakened against other major currencies ahead of the release of the minutes of the December Federal Open Market Committee meeting scheduled for later today. The US Dollar Index, which tracks the performance of the greenback, was trading in a low range around 102.80 for the better part of the day as investors wait for direction regarding the US dollar from the Fed. The markets are also expecting the Fed to give direction on the implementation of the three rate-hikes planned […]
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January 42017
US Dollar Weakens as Markets Await Release of FOMC Minutes
The US dollar has weakened against other major currencies ahead of the release of the minutes of the December Federal Open Market Committee meeting scheduled for later today. The US Dollar Index, which tracks the performance of the greenback, was trading in a low range around 102.80 for the better part of the day as investors wait for direction regarding the US dollar from the Fed. The markets are also expecting the Fed to give direction on the implementation of the three rate-hikes planned […]
Read more