Day: March 31, 2017

March 31
2017

EUR/USD Halts Decline Even as Eurozone Inflation Disappoints

EUR/USD halted its decline today, rising a bit, even though eurozone inflation slowed sharply this month. (Event A on the chart.) The possible reason for the relatively weak performance of the dollar were relatively dovish remarks from Federal Reserve’s voting member William Dudley who said that “there’s not this huge rush that we have to tighten monetary policy quickly.” Still, the gain of EUR/USD was not big, […]

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March 31
2017

USD/CAD Declines After Release of Canada’s GDP Data

The USD/CAD today declined significantly after the release of Canadian GDP data by Statistics Canada, which exceeded market expectations. The decline was short-lived as the US dollar rallied higher after the release of the University of Michigan’s confidence and expectations data for March. At the height of it decline, the currency pair lost over 50 points as the Canadian dollar rallied against the greenback. The currecy pair was on a choppy trade today as it declined, then rallied higher, […]

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March 31
2017

USD/CAD Declines After Release of Canada’s GDP Data

The USD/CAD today declined significantly after the release of Canadian GDP data by Statistics Canada, which exceeded market expectations. The decline was short-lived as the US dollar rallied higher after the release of the University of Michigan’s confidence and expectations data for March. At the height of it decline, the currency pair lost over 50 points as the Canadian dollar rallied against the greenback. The currecy pair was on a choppy trade today as it declined, then rallied higher, […]

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March 31
2017

US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen. New York Federal Reserve President William Dudley said today that the US central bank has enough space to move gradually […]

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March 31
2017

US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen. New York Federal Reserve President William Dudley said today that the US central bank has enough space to move gradually […]

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