Day: March 9, 2017

March 9
2017

British Pound Weakens to Lowest Level in 8 Weeks Against US Dollar

The British pound declined against the US dollar on Thursday, after concerns towards Brexit returned to the market as the end of the current month is expected to be the time when the government triggers Article 50. Chancellor of the Exchequer Philip Hammond released the spring budget of the United Kingdom yesterday, which did not contain mentions of Brexit. However, investors believe that the government is preparing plans to shape the economy of the nation after departing from […]

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March 9
2017

British Pound Weakens to Lowest Level in 8 Weeks Against US Dollar

The British pound declined against the US dollar on Thursday, after concerns towards Brexit returned to the market as the end of the current month is expected to be the time when the government triggers Article 50. Chancellor of the Exchequer Philip Hammond released the spring budget of the United Kingdom yesterday, which did not contain mentions of Brexit. However, investors believe that the government is preparing plans to shape the economy of the nation after departing from […]

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March 9
2017

EUR/USD Rallies After ECB Policy Announcement

EUR/USD rallied today following the policy announcement from the European Central Bank (event A on the chart) and the press-conference of ECB President Mario Draghi (event B on the chart). It looked like European policy makers were less willing to ease their already extremely accommodative monetary policy further, and that gave boost to the euro. As for today’s data from the United States, it showed no surprises, being close to forecasts. Initial jobless […]

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March 9
2017

Euro Rallies Briefly Boosted by Mario Draghi’s Hawkish Comments

The euro rallied briefly against its major peers today after Mario Draghi, the President of the European Central Bank, outlined a hawkish outlook during the press briefing after the bank’s meeting. The euro gained significantly as the ECB revised its growth and inflation outlooks for the Eurozone and announced that the quantitative easing program would continue until December. The euro gained significantly against the Japanese yen, the British pound and the US dollar although the currency had retraced most […]

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March 9
2017

Euro Rallies Briefly Boosted by Mario Draghi’s Hawkish Comments

The euro rallied briefly against its major peers today after Mario Draghi, the President of the European Central Bank, outlined a hawkish outlook during the press briefing after the bank’s meeting. The euro gained significantly as the ECB revised its growth and inflation outlooks for the Eurozone and announced that the quantitative easing program would continue until December. The euro gained significantly against the Japanese yen, the British pound and the US dollar although the currency had retraced most […]

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March 9
2017

US Dollar Reaches Strongest Level in 6 Weeks Against Japanese Yen

The US Dollar touched its highest level against the yen in three weeks on Thursday, as the greenback headed for a fourth consecutive day of gains against the Japanese currency. The US dollar remained supported today by strong private sector employment data on Wednesday. Following yesterday’s report from the ADP Research Institute, investors expect upcoming nonfarm payroll data, which will be released on Friday, to reflect a positive image of the US labor market. […]

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March 9
2017

US Dollar Reaches Strongest Level in 6 Weeks Against Japanese Yen

The US Dollar touched its highest level against the yen in three weeks on Thursday, as the greenback headed for a fourth consecutive day of gains against the Japanese currency. The US dollar remained supported today by strong private sector employment data on Wednesday. Following yesterday’s report from the ADP Research Institute, investors expect upcoming nonfarm payroll data, which will be released on Friday, to reflect a positive image of the US labor market. […]

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