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Day: April 14, 2017
April 142017
EUR/USD Trades Tad Higher After Weak US CPI & Retail Sales
Today’s trading was slow and volumes low due to Good Friday observed in many parts of the world. The holiday did not prevent release of several important economic reports today, including US CPI and retail sales. They turned out to be surprisingly poor, sending EUR/USD higher, though the rally was small due to holiday trading, and the currency pair has trimmed its gains by now. CPI dropped 0.3% in March […]
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April 142017
Euro Gains Slightly Against the US Dollar on Weak US CPI Data
The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session despite the subdued trading activity as most markets were closed due to the Easter holiday season. The EUR/USD currency pair gained at least 0.12% from its opening price at the height of its rise, but had retraced some of its […]
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April 142017
Euro Gains Slightly Against the US Dollar on Weak US CPI Data
The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session despite the subdued trading activity as most markets were closed due to the Easter holiday season. The EUR/USD currency pair gained at least 0.12% from its opening price at the height of its rise, but had retraced some of its […]
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April 142017
US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales
The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was thin today as markets in the United States, Canada, the United Kingdom and Australia closed for the Good Friday holiday. The US Bureau of Labor Statistics released a new reading for its consumer price index at 12:30 GMT. The index had a 0.3% decline […]
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April 142017
US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales
The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was thin today as markets in the United States, Canada, the United Kingdom and Australia closed for the Good Friday holiday. The US Bureau of Labor Statistics released a new reading for its consumer price index at 12:30 GMT. The index had a 0.3% decline […]
Read more
April 142017
South Korean Goes Down as Geopolitical Tensions Continue to Mount
The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood. Rumors circulate that North Korea may be preparing yet another nuclear test, and that does not bode well for other Asian countries, its southern counterpart in particular. Yesterday, the United States dropped a bomb in Afghanistan, the biggest non-nuclear one they have ever used. […]
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April 142017
South Korean Goes Down as Geopolitical Tensions Continue to Mount
The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood. Rumors circulate that North Korea may be preparing yet another nuclear test, and that does not bode well for other Asian countries, its southern counterpart in particular. Yesterday, the United States dropped a bomb in Afghanistan, the biggest non-nuclear one they have ever used. […]
Read more
April 142017
Britain’s Pound Steady During Holiday Trading
The Great Britain pound was little changed during the slow holiday trading after falling against the dollar and rising versus the euro yesterday. This week’s macroeconomic data was relatively helpful to the currency, with consumer price inflation being stable above the central bank’s target and wage inflation also being steady. The fact that markets focused on other regions of the world and troubles their also helped the sterling, diverting the traders’ […]
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April 142017
Britain’s Pound Steady During Holiday Trading
The Great Britain pound was little changed during the slow holiday trading after falling against the dollar and rising versus the euro yesterday. This week’s macroeconomic data was relatively helpful to the currency, with consumer price inflation being stable above the central bank’s target and wage inflation also being steady. The fact that markets focused on other regions of the world and troubles their also helped the sterling, diverting the traders’ […]
Read more