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Day: April 13, 2017
April 132017
EUR/USD Backs Off After Wednesday’s Rally
EUR/USD retreated following yesterday’s rally caused by comments of US President Donald Trump about dollar’s strength. Analysts said that markets overreacted as the comments did not contradict Trump’s previous stance, giving no really new information, and it is doubtful that the President has the power to influence the exchange rate. As for US economic data today, it was very mixed, with falling PPI, stable jobless claims, […]
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April 132017
US Dollar Partly Recovers After Plummeting on Negative Comments from Trump
The US dollar rose against the euro and the British pound on Thursday, to erase some of the losses it had yesterday following remarks by President Donald Trump that the greenback is too strong. Trump had added that he believes the Federal Reserve should keep interest rates low, with the aim of avoiding further gains in the US dollar. The presidentâs remarks, which he made during an interview with The Wall Street Journal, […]
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April 132017
US Dollar Partly Recovers After Plummeting on Negative Comments from Trump
The US dollar rose against the euro and the British pound on Thursday, to erase some of the losses it had yesterday following remarks by President Donald Trump that the greenback is too strong. Trump had added that he believes the Federal Reserve should keep interest rates low, with the aim of avoiding further gains in the US dollar. The presidentâs remarks, which he made during an interview with The Wall Street Journal, […]
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April 132017
Australian Dollar Rallies Against US Dollar on Strong Employment Data
The Australian dollar today rallied higher against the US dollar to lift the AUD/USD currency pair to new heights after the release of positive employment data for March. The Australian dollar’s rally lasted throughout the European session and only abated after the opening of the American session as the US dollar rallied higher. The AUD/USD currency pair rallied to new daily highs as it extended a rally that began yesterday as the markets anticipated positive Australian employment […]
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April 132017
Australian Dollar Rallies Against US Dollar on Strong Employment Data
The Australian dollar today rallied higher against the US dollar to lift the AUD/USD currency pair to new heights after the release of positive employment data for March. The Australian dollar’s rally lasted throughout the European session and only abated after the opening of the American session as the US dollar rallied higher. The AUD/USD currency pair rallied to new daily highs as it extended a rally that began yesterday as the markets anticipated positive Australian employment […]
Read more