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Day: March 16, 2017
March 162017
EUR/USD Little Changed After Day of Fed Decision
EUR/USD was little changed today, trading near the highest level in a month and a half, following yesterday’s decision by the Federal Reserve to hike interest rates. Today’s data from the United States was very mixed, giving little guidance to the currency pair. Housing starts were at the seasonally adjusted annual rate of 1.29 million in February, an increase from the January’s rate of 1.25 million. Building permits, on the other hand, logged a decrease from […]
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March 162017
US Dollar Maintains Losses Despite Higher Interest Rates from Federal Reserve
The US dollar maintained its losses for the second day on Thursday, after a surprising drop against most of its major peers yesterday following an interest rate hike from the Federal Reserve. A number of economic releases revealed mixed data today, which forced the greenback to trade within a tight range. The Federal Open Market Committee ended a meeting that lasted two days on Wednesday, and followed it with a statement that said […]
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March 162017
US Dollar Maintains Losses Despite Higher Interest Rates from Federal Reserve
The US dollar maintained its losses for the second day on Thursday, after a surprising drop against most of its major peers yesterday following an interest rate hike from the Federal Reserve. A number of economic releases revealed mixed data today, which forced the greenback to trade within a tight range. The Federal Open Market Committee ended a meeting that lasted two days on Wednesday, and followed it with a statement that said […]
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March 162017
British Pound Spikes After BoE Monetary Policy Statement
The British Pound today spiked against its main competitors after the Bank of England monetary policy statement even as the bank hinted at a less dovish outlook. The British pound rallied after the BoE’s Monetary Policy Committee maintained the rate decision and its asset purchase target at the same level, but issued a slightly hawkish economic outlook. The British pound gained over 100 points against the US dollar and gained over 1 yen […]
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March 162017
British Pound Spikes After BoE Monetary Policy Statement
The British Pound today spiked against its main competitors after the Bank of England monetary policy statement even as the bank hinted at a less dovish outlook. The British pound rallied after the BoE’s Monetary Policy Committee maintained the rate decision and its asset purchase target at the same level, but issued a slightly hawkish economic outlook. The British pound gained over 100 points against the US dollar and gained over 1 yen […]
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