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Day: April 27, 2017
April 272017
US Dollar Remains Little Changed Against Main Peers on Mixed Economic Data
The US dollar strengthened against the euro and fell against the British pound, the Canadian dollar, and the Japanese yen on Thursday. The greenback struggled for direction following a number of economic releases in the United States that revealed mixed data today, which raised uncertainty about the stability of the economic recovery. The first release came from the US Census Bureau at 12:30 GMT, and said that new orders for durable goods manufactured in the United States increased $1.6 […]
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April 272017
US Dollar Remains Little Changed Against Main Peers on Mixed Economic Data
The US dollar strengthened against the euro and fell against the British pound, the Canadian dollar, and the Japanese yen on Thursday. The greenback struggled for direction following a number of economic releases in the United States that revealed mixed data today, which raised uncertainty about the stability of the economic recovery. The first release came from the US Census Bureau at 12:30 GMT, and said that new orders for durable goods manufactured in the United States increased $1.6 […]
Read more
April 272017
EUR/USD Drops After ECB Makes No Changes to Monetary Policy
EUR/USD dropped today after the European Central Bank made no changes to its ultra-loose monetary policy, in line with market expectations. ECB President Mario Draghi was optimistic about eurozone economic growth, but voiced concerns about inflation. Answering to questions during the press-conference, he said that it is too early to discuss an exit strategy for the quantitative easing program. Overall, Draghi sounded a bit more […]
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April 272017
EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program
The EUR/USD currency pair today declined significantly during Mario Draghi‘s speech as the European Central Bank maintained interest rates at the same level. The currency pair dipped as the US dollar strengthened against the single currency due to higher US bond yields. The currency pair lost about 80 points as Mario Draghi, the ECB President, delivered his speech and largely outlined a dovish outlook. The currency pair spiked to a new daily high […]
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April 272017
EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program
The EUR/USD currency pair today declined significantly during Mario Draghi‘s speech as the European Central Bank maintained interest rates at the same level. The currency pair dipped as the US dollar strengthened against the single currency due to higher US bond yields. The currency pair lost about 80 points as Mario Draghi, the ECB President, delivered his speech and largely outlined a dovish outlook. The currency pair spiked to a new daily high […]
Read more