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Day: March 15, 2017
March 152017
EUR/USD Soars After Fed Hikes Interest Rate
EUR/USD surged more than1% today after the Federal Reserve hiked interest rates. That may seem counter-intuitive to some as currencies tend to rise when their respective central banks raise interest rates, thus the dollar should have rallied versus the euro, not vice versa. Yet such performance was not that puzzling, considering such decision was widely expected by markets. Therefore, many traders employed […]
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March 152017
British Pound Rallies Against US Dollar Following UK Jobless Data
The British pound rose against the US dollar and the euro on Wednesday, to partly recover from the losses it suffered after Parliament approved Theresa Mayâs Brexit bill. The pound got support from a jobless data release in the United Kingdom, despite the somewhat mixed picture of the labor market that the release painted. The UK Office for National Statistics said in a report published earlier today that the unemployment rate declined to 4.7% in the three months […]
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March 152017
British Pound Rallies Against US Dollar Following UK Jobless Data
The British pound rose against the US dollar and the euro on Wednesday, to partly recover from the losses it suffered after Parliament approved Theresa Mayâs Brexit bill. The pound got support from a jobless data release in the United Kingdom, despite the somewhat mixed picture of the labor market that the release painted. The UK Office for National Statistics said in a report published earlier today that the unemployment rate declined to 4.7% in the three months […]
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March 152017
USD/CAD Demonstrates Bearish Trend Ahead of FOMC Rate Decision
The USD/CAD currency pair today traded with a bearish trend despite the release of positive Consumer Price Index data and advance retail sales data from the US docket. The Canadian dollar’s rally was largely sustained by the higher crude oil prices in the global commodities market with the WTI crude oil gaining at least 1.5% earlier today. The currency pair was on a bearish trend from the start of the day’s session and had lost […]
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March 152017
USD/CAD Demonstrates Bearish Trend Ahead of FOMC Rate Decision
The USD/CAD currency pair today traded with a bearish trend despite the release of positive Consumer Price Index data and advance retail sales data from the US docket. The Canadian dollar’s rally was largely sustained by the higher crude oil prices in the global commodities market with the WTI crude oil gaining at least 1.5% earlier today. The currency pair was on a bearish trend from the start of the day’s session and had lost […]
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