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Day: March 30, 2017
March 302017
US Dollar Rises Against Major Peers on Strong GDP Data
The US dollar rose against the euro and the Japanese yen, among other major peers on Thursday, after a report that said that gross domestic product in the United States grew more than expected. Disappointing data releases in the Eurozone weighed on the euro today, which gave way for the US dollar to score more gains. The US Bureau of Economic Analysis released a report on growth domestic product in the fourth quarter of 2016 at 12:30 GMT […]
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March 302017
US Dollar Rises Against Major Peers on Strong GDP Data
The US dollar rose against the euro and the Japanese yen, among other major peers on Thursday, after a report that said that gross domestic product in the United States grew more than expected. Disappointing data releases in the Eurozone weighed on the euro today, which gave way for the US dollar to score more gains. The US Bureau of Economic Analysis released a report on growth domestic product in the fourth quarter of 2016 at 12:30 GMT […]
Read more
March 302017
EUR/USD Drops After USD GDP & German CPI Reports
EUR/USD dropped today following the release of economic reports from the eurozone and the United States. German inflation slowed this month, missing expectations, according to the preliminary report. Meanwhile, growth of US gross domestic product in the fourth quarter of last year was revised higher in the final estimate. Additionally, the European Central Bank signaled that markets misinterpreted its message in the latest policy statement and expectations of monetary tightening were erroneous. US […]
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March 302017
EUR/USD Declines After the Release of Disappointing German CPI Data
The EUR/USD currency pair today declined after the release of disappointing German CPI data by the Federal Statistical Office amid dovish comments from the European Central Bank. The currency pair’s decline was also triggered by the positive US GDP data released today, which exceeded market expectations. The currency pair lost over 50 points at the height of its decline, as the US dollar gained against the euro. The currency pair’s decline was triggered by the release […]
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March 302017
EUR/USD Declines After the Release of Disappointing German CPI Data
The EUR/USD currency pair today declined after the release of disappointing German CPI data by the Federal Statistical Office amid dovish comments from the European Central Bank. The currency pair’s decline was also triggered by the positive US GDP data released today, which exceeded market expectations. The currency pair lost over 50 points at the height of its decline, as the US dollar gained against the euro. The currency pair’s decline was triggered by the release […]
Read more
March 302017
South African Rand Bounces, Jumping More Than 1% vs. Dollar
The South African rand erased yesterday’s losses today, jumping more than 1% against the US dollar. The currency dropped yesterday amid speculations that President Jacob Zuma is going to sack markets-favored Finance Minister Pravin Gordhan. Yet today, the rand bounced after the South African Communist Party formally objected to such plans, increasing uncertainty in the situation. It looks like political struggles are going to drive […]
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March 302017
South African Rand Bounces, Jumping More Than 1% vs. Dollar
The South African rand erased yesterday’s losses today, jumping more than 1% against the US dollar. The currency dropped yesterday amid speculations that President Jacob Zuma is going to sack markets-favored Finance Minister Pravin Gordhan. Yet today, the rand bounced after the South African Communist Party formally objected to such plans, increasing uncertainty in the situation. It looks like political struggles are going to drive […]
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March 302017
Sterling Halts Decline, Gains on Euro
The Great Britain pound halted yesterday’s drop today and was even able to gain on the euro (and recently rose versus other currencies). The decline followed the formal initiation of the Brexit process. Yesterday, Britainâs Prime Minister Theresa May signed a letter that formally initiated the Britain’s exit from the European Union. She spoke to Parliament, arguing that pessimistic forecasts for the nation’s economy have not proved true: There were […]
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March 302017
Sterling Halts Decline, Gains on Euro
The Great Britain pound halted yesterday’s drop today and was even able to gain on the euro (and recently rose versus other currencies). The decline followed the formal initiation of the Brexit process. Yesterday, Britainâs Prime Minister Theresa May signed a letter that formally initiated the Britain’s exit from the European Union. She spoke to Parliament, arguing that pessimistic forecasts for the nation’s economy have not proved true: There were […]
Read more