Day: February 10, 2017

February 10
2017

EUR/USD Ends Friday Lower

EUR/USD dropped today as hints about a tax reform made by US President Donald Trump continued to support the dollar. The currency pair managed to trim its losses before the settlement as the consumer sentiment reported by the University of Michigan turned out to be far below expectations. Import and export prices rose in January. Import prices increased 0.4%, matching forecasts exactly, after rising 0.5% in December. Export priced edged up 0.1% […]

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February 10
2017

US Dollar Deflates After Release of Negative Consumer Sentiment Report

The US dollar deflated after the US consumer sentiment monitored by the Reuters/Michigan index was released at a record low missing forecasts by a large margin. The figures reported by the same index also indicated that consumer expectations were below consensus. The US dollar index, which tracks the greenback’s performance, declined from a daily high of 101.01 to a low of 100.67 at the time of writing. The US dollar also weakened against its major currency counterparts […]

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February 10
2017

US Dollar Deflates After Release of Negative Consumer Sentiment Report

The US dollar deflated after the US consumer sentiment monitored by the Reuters/Michigan index was released at a record low missing forecasts by a large margin. The figures reported by the same index also indicated that consumer expectations were below consensus. The US dollar index, which tracks the greenback’s performance, declined from a daily high of 101.01 to a low of 100.67 at the time of writing. The US dollar also weakened against its major currency counterparts […]

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February 10
2017

Gains of Britain’s Pound After Economic Releases Short-Lived

The Great Britain pound dropped today, falling against the US dollar for the second consecutive day, even though basically all economic reports released from the United Kingdom over the trading session were better than expectations. The currency had jumped immediately after the releases but retreated later and is trading below the opening level against the US dollar right now. UK manufacturing production climbed 2.1% and industrial production […]

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February 10
2017

Gains of Britain’s Pound After Economic Releases Short-Lived

The Great Britain pound dropped today, falling against the US dollar for the second consecutive day, even though basically all economic reports released from the United Kingdom over the trading session were better than expectations. The currency had jumped immediately after the releases but retreated later and is trading below the opening level against the US dollar right now. UK manufacturing production climbed 2.1% and industrial production […]

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February 10
2017

China’s Amazing Trade Data Boosts Australian Dollar

The Australian dollar rose against its rivals today thanks to the surprisingly good trade report released from China, Australia’s biggest trading partner. Economic data from Australia itself was not so good, but it did not affect the currency enough to drive it down. China’s trade surplus rose to the highest level in a year in January, beating analysts’ expectations. Exports rose by 7.9% while imports jumped […]

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February 10
2017

China’s Amazing Trade Data Boosts Australian Dollar

The Australian dollar rose against its rivals today thanks to the surprisingly good trade report released from China, Australia’s biggest trading partner. Economic data from Australia itself was not so good, but it did not affect the currency enough to drive it down. China’s trade surplus rose to the highest level in a year in January, beating analysts’ expectations. Exports rose by 7.9% while imports jumped […]

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