Day: March 24, 2017

March 24
2017

US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn

The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future. After two days of debating the American Health Care Act in the House of Representatives, House Speaker Paul Ryan announced that President […]

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March 24
2017

US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn

The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future. After two days of debating the American Health Care Act in the House of Representatives, House Speaker Paul Ryan announced that President […]

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March 24
2017

EUR/USD Climbs After Release of PMIs from Eurozone

EUR/USD was falling today but bounced after Markit released a bunch of PMI reports for eurozone, all of which exceeded expectations. Meanwhile, PMIs for the United States were disappointing, hurting the US dollar. The greenback was also under pressure because traders were cautious, waiting for the vote on Donald Trump’s healthcare bill. The vote is considered to be a test of Trump’s ability to pass important legislation. Durable goods orders rose […]

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March 24
2017

EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback

The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback. The currency pair gained over 50 points at the height of its rally to hit a 2-day high of 1.0814, which could lead to the pair closing […]

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March 24
2017

EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback

The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback. The currency pair gained over 50 points at the height of its rally to hit a 2-day high of 1.0814, which could lead to the pair closing […]

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March 24
2017

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index slid from 53.3 in February to 52.6 in March instead of rising a little to 53.5 as analysts had predicted. BoJ Governor Haruhiko Kuroda spoke at the Reuters Newsmaker […]

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March 24
2017

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index slid from 53.3 in February to 52.6 in March instead of rising a little to 53.5 as analysts had predicted. BoJ Governor Haruhiko Kuroda spoke at the Reuters Newsmaker […]

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March 24
2017

New Zealand Dollar Falls for Fourth Day Against Yen

The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations. The trade balance released overnight showed a deficit of NZ$18 million in February. While it was a better reading than the January’s shortage of NZ$257 million, the actual data missed the consensus forecast of a NZ$160 million surplus. The Reserve Bank of New Zealand kept its […]

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March 24
2017

New Zealand Dollar Falls for Fourth Day Against Yen

The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations. The trade balance released overnight showed a deficit of NZ$18 million in February. While it was a better reading than the January’s shortage of NZ$257 million, the actual data missed the consensus forecast of a NZ$160 million surplus. The Reserve Bank of New Zealand kept its […]

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