The US dollar climbed higher against its major peers on Thursday as data in the United States reflected a strong picture of the economic growth. The US currency had its biggest gains today against the euro after the European Central Bank maintained its monetary stimulus. The US dollar rose following a speech by Federal Reserve Chair Janet Yellen at the Commonwealth Club in San Francisco. During her speech, she said that she […]
Read moreThe US dollar climbed higher against its major peers on Thursday as data in the United States reflected a strong picture of the economic growth. The US currency had its biggest gains today against the euro after the European Central Bank maintained its monetary stimulus. The US dollar rose following a speech by Federal Reserve Chair Janet Yellen at the Commonwealth Club in San Francisco. During her speech, she said that she […]
Read moreEUR/USD was trying to rally during the current trading session but slid below the opening level after the European Central Bank policy meeting. The ECB did not announce any change to its extremely loose policy, and ECB President Mario Draghi said that the central bank needs to keep stimulating measures in place and is ready to make policy even more accommodative in case of necessity. (Event A on the chart.) As for economic data […]
Read moreThe European Central Bank announced that it would be maintaining its interest rates while continuing with its bond-buying program for the rest of 2017. The ECB reported that it would be keeping its base refinancing rate unchanged at 0.0%, its marginal lending facility at 0.25%, and its deposit facility rate at -0.40%. The EUR/USD currency pair lost almost 0.2% after remarks by Mario Draghi, the ECB President, indicated […]
Read moreThe European Central Bank announced that it would be maintaining its interest rates while continuing with its bond-buying program for the rest of 2017. The ECB reported that it would be keeping its base refinancing rate unchanged at 0.0%, its marginal lending facility at 0.25%, and its deposit facility rate at -0.40%. The EUR/USD currency pair lost almost 0.2% after remarks by Mario Draghi, the ECB President, indicated […]
Read more