Day: February 2, 2017

February 2
2017

US Dollar Edges Lower as Uncertainty Towards Trump Looms

The US dollar moved lower against major rivals on Thursday, pushing an index that tracks the currency’s strength to its lowest level since November 2016. The greenback weakened as the Federal Reserve’s dovish tone in its latest policy statement signaled that no interest rate hike would happen in March. Currency traders remained reluctant to buy the dollar as uncertainty towards the recently inaugurated president Donald Trump increased following a call […]

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February 2
2017

US Dollar Edges Lower as Uncertainty Towards Trump Looms

The US dollar moved lower against major rivals on Thursday, pushing an index that tracks the currency’s strength to its lowest level since November 2016. The greenback weakened as the Federal Reserve’s dovish tone in its latest policy statement signaled that no interest rate hike would happen in March. Currency traders remained reluctant to buy the dollar as uncertainty towards the recently inaugurated president Donald Trump increased following a call […]

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February 2
2017

Dollar Retreats vs. Euro in Day Following FOMC Meeting

The dollar retreated versus the euro today following yesterday’s meeting of the Federal Reserve as markets continued to digest the policy statement from the Fed. Uncertainty associated with Donald Trump also weighed on the greenback as the US President had reportedly heated debate with the Australian Prime Minister, which ended with Trump hanging up the phone, and also criticized Iran for firing a ballistic missile. While increasing geopolitical risks will undoubtedly be […]

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February 2
2017

GBP/USD Drops After BoE’s Dovish Comments and Neutral Outlook on UK Inflation

The GBP/USD currency pair dropped significantly during today’s session after the announcement by the Bank of England that its inflation outlook and interest rates remains the same. The currency pair started the day’s session trading sideways, but went on to lose most of its gains from the previous session as the BoE’s announcement triggered a selling frenzy around the British pound. The currency pair lost about 100 points after the BoE’s announcement that it would be maintaining […]

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February 2
2017

GBP/USD Drops After BoE’s Dovish Comments and Neutral Outlook on UK Inflation

The GBP/USD currency pair dropped significantly during today’s session after the announcement by the Bank of England that its inflation outlook and interest rates remains the same. The currency pair started the day’s session trading sideways, but went on to lose most of its gains from the previous session as the BoE’s announcement triggered a selling frenzy around the British pound. The currency pair lost about 100 points after the BoE’s announcement that it would be maintaining […]

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