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Day: March 21, 2017
March 212017
US Dollar Falls Against Major Peers on Concerns About Trump Administration
The US dollar retreated against its main counterparts on Monday to touch its lowest level in 7 weeks, as concerns grew between traders that the economic plans of the Donald Trump administration might face difficulties. Traders became concerned that the new administration might be unable to implement its economic policies quickly enough for the US dollar to maintain its gains. The greenback had a rapid rally following Trumpâs victory in the US […]
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March 212017
US Dollar Falls Against Major Peers on Concerns About Trump Administration
The US dollar retreated against its main counterparts on Monday to touch its lowest level in 7 weeks, as concerns grew between traders that the economic plans of the Donald Trump administration might face difficulties. Traders became concerned that the new administration might be unable to implement its economic policies quickly enough for the US dollar to maintain its gains. The greenback had a rapid rally following Trumpâs victory in the US […]
Read more
March 212017
GBP/USD Consolidates Gains Made After Release of UK CPI Data
The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit. The currency pair gained over 100 points after the UK CPI data was released and the British pound rallied against its main peers. The Currency pair’s rally was largely due to the UK […]
Read more
March 212017
GBP/USD Consolidates Gains Made After Release of UK CPI Data
The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit. The currency pair gained over 100 points after the UK CPI data was released and the British pound rallied against its main peers. The Currency pair’s rally was largely due to the UK […]
Read more