Day: May 1, 2017

May 1
2017

US Dollar Fluctuates Between Gains and Losses amid Weak Manufacturing PMI

The US dollar had a mixed performance against the euro and the British pound on Monday, as freshly released manufacturing data increased hesitation between traders. An index that measures the strength of the greenback was little changed from yesterday as anticipation grew for upcoming economic releases this week. The Institute for Supply Management published a report on manufacturing activity in the United States. The report stated the ISM manufacturing purchasing managers’ index retreated to 54.8% in April from […]

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May 1
2017

US Dollar Fluctuates Between Gains and Losses amid Weak Manufacturing PMI

The US dollar had a mixed performance against the euro and the British pound on Monday, as freshly released manufacturing data increased hesitation between traders. An index that measures the strength of the greenback was little changed from yesterday as anticipation grew for upcoming economic releases this week. The Institute for Supply Management published a report on manufacturing activity in the United States. The report stated the ISM manufacturing purchasing managers’ index retreated to 54.8% in April from […]

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May 1
2017

EUR/USD Trades in Range During Monday’s Thin Trading

EUR/USD slipped on Monday but bounced by now. Monday’s trading volumes were light as many markets were closed for a holiday. That explains markets’ muted reaction to reports from the United States, which were pretty bad for the most part. Personal income and spending missed market expectations in March. Income rose 0.2% instead of 0.4% predicted by analysts. Spending showed no change while forecasters promised an increase by 0.2%. Furthermore, […]

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May 1
2017

Great Britain Pound Mixed as Brexit Remains Hot Topic

The Great Britain pound was mixed during Monday’s trading following last week’s strong performance. The currency was flat against the US dollar but gained on the Japanese yen. The sterling remained under pressure from concerns that Brexit negotiations between the United Kingdom and the European Union will not be easy. Indeed, UK Prime Minister Theresa May said:     What this shows, and what some […]

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May 1
2017

Great Britain Pound Mixed as Brexit Remains Hot Topic

The Great Britain pound was mixed during Monday’s trading following last week’s strong performance. The currency was flat against the US dollar but gained on the Japanese yen. The sterling remained under pressure from concerns that Brexit negotiations between the United Kingdom and the European Union will not be easy. Indeed, UK Prime Minister Theresa May said:     What this shows, and what some […]

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May 1
2017

Aussie Joins Other Asian Currencies in Rally on Monday

The Australian dollar rallied today even as economic data from China, Australia’s biggest trading partner, was lackluster. The Aussie joined other Asian currencies in a rally after the United States avoided government shutdown. US Congress agreed to spend $1 trillion to avert government shutdown later this week. This should be enough to fund federal agencies, which would be closed otherwise except for most essential ones, […]

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May 1
2017

Aussie Joins Other Asian Currencies in Rally on Monday

The Australian dollar rallied today even as economic data from China, Australia’s biggest trading partner, was lackluster. The Aussie joined other Asian currencies in a rally after the United States avoided government shutdown. US Congress agreed to spend $1 trillion to avert government shutdown later this week. This should be enough to fund federal agencies, which would be closed otherwise except for most essential ones, […]

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May 1
2017

First Week of May Should Be Important for US Dollar

The first week of May should be fairly important in determining the US dollar’s performance in the near future due to the policy meeting of the Federal Reserve and plenty of major economic reports, including nonfarm payrolls. The Fed will announce its decision on Wednesday. While the general consensus is that the central bank will not make changes to its monetary policy, market participants will pay close attention to the accompanying statement. They will […]

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May 1
2017

First Week of May Should Be Important for US Dollar

The first week of May should be fairly important in determining the US dollar’s performance in the near future due to the policy meeting of the Federal Reserve and plenty of major economic reports, including nonfarm payrolls. The Fed will announce its decision on Wednesday. While the general consensus is that the central bank will not make changes to its monetary policy, market participants will pay close attention to the accompanying statement. They will […]

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