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Day: March 28, 2017
March 282017
US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data
The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday. A new reading for the consumer confidence index from the Conference Board showed that the index rose to 125.6 in the current month, from 116.1 in February. The reading was far above […]
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March 282017
US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data
The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday. A new reading for the consumer confidence index from the Conference Board showed that the index rose to 125.6 in the current month, from 116.1 in February. The reading was far above […]
Read more
March 282017
EUR/USD Drops After Huge Leap of US Consumer Confidence
EUR/USD dropped today following the release of a bunch of positive macroeconomic reports from the United States. Of special note was the consumer confidence that demonstrated a huge leap this month. The drop was not big, though, and at present does not look anything more than a correction in a rally that the currency pair has started at the beginning of March. S&P/Case-Shiller home price index rose 5.7% in January, year-over-year, matching forecasts exactly. […]
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March 282017
GBP/USD Declines After Release of Positive US Economic Data
The GBP/USD currency pair declined significantly today after the release of positive advance goods trade balance and consumer confidence data from the US docket. The currency pair was also affected by the weaker British pound as markets cautiously await the triggering of Article 50 by British PM, Theresa May. The currency pair lost almost 100 points at the peak of its decline today as the greenback rallied higher and investors sold the British pound. The greenback’s rally […]
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March 282017
GBP/USD Declines After Release of Positive US Economic Data
The GBP/USD currency pair declined significantly today after the release of positive advance goods trade balance and consumer confidence data from the US docket. The currency pair was also affected by the weaker British pound as markets cautiously await the triggering of Article 50 by British PM, Theresa May. The currency pair lost almost 100 points at the peak of its decline today as the greenback rallied higher and investors sold the British pound. The greenback’s rally […]
Read more