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Day: May 3, 2017
May 32017
CAD Falls vs. USD, Gains on Other Majors
The Canadian dollar fell versus its US counterpart today after the Federal Open Market Committee decided to keep its monetary policy unchanged. The currency gained on other major rivals thanks to the rally of crude oil prices. The FOMC left the federal funds rate in the range of 0.75%-1%, exactly as market participants were expecting. The Committee made some hawkish remarks in its statement, leading many analysts to claim that the Federal Reserve […]
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May 32017
CAD Falls vs. USD, Gains on Other Majors
The Canadian dollar fell versus its US counterpart today after the Federal Open Market Committee decided to keep its monetary policy unchanged. The currency gained on other major rivals thanks to the rally of crude oil prices. The FOMC left the federal funds rate in the range of 0.75%-1%, exactly as market participants were expecting. The Committee made some hawkish remarks in its statement, leading many analysts to claim that the Federal Reserve […]
Read more
May 32017
EUR/USD Down After Fed & Set of Solid US Indicators
EUR/USD dropped today as US economic indicators were rather solid for the most part, with employment rising in line with expectations and the services sector improving much more than experts had anticipated. The currency pair demonstrated an especially sharp drop after the Federal Open Market Committee decided to keep its monetary policy unchanged and issued a statement that was largely neutral but with some hawkish remarks. ADP […]
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May 32017
USD/JPY Rallies Higher on Weaker Japanese Yen and Nikkei Holiday
The USD/JPY currency pair rallied higher today as the Nikkei was closed due to a national holiday amid increased selling pressure on the Japanese yen. The Japanese yen was much weaker than the US dollar given the higher risk sentiment in the markets, which has led to investors selling the yen, while buying the greenback. The currency pair gained over 50 points at the height of its rally given the stronger US dollar, as tracked by the US […]
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May 32017
USD/JPY Rallies Higher on Weaker Japanese Yen and Nikkei Holiday
The USD/JPY currency pair rallied higher today as the Nikkei was closed due to a national holiday amid increased selling pressure on the Japanese yen. The Japanese yen was much weaker than the US dollar given the higher risk sentiment in the markets, which has led to investors selling the yen, while buying the greenback. The currency pair gained over 50 points at the height of its rally given the stronger US dollar, as tracked by the US […]
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May 32017
US Dollar Climbs Versus Major Peers on Robust Labor Market Data
The US dollar traded higher against a basket of its main counterparts on Wednesday as bullish economic data, which showed better conditions than expected in the labor market, raised optimism between traders. The greenback rose despite anticipation for a monetary policy decision that is due to be released later today. ADP and Moody’s Analytics released a report on nonfarm employment in April at 12:15 GMT today. The report said that employers in the United […]
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May 32017
US Dollar Climbs Versus Major Peers on Robust Labor Market Data
The US dollar traded higher against a basket of its main counterparts on Wednesday as bullish economic data, which showed better conditions than expected in the labor market, raised optimism between traders. The greenback rose despite anticipation for a monetary policy decision that is due to be released later today. ADP and Moody’s Analytics released a report on nonfarm employment in April at 12:15 GMT today. The report said that employers in the United […]
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May 32017
EUR/USD Stable-to-Lower Ahead of Fed
The euro was stable against some currencies and lower versus others ahead of the Federal Reserve policy statement due to release later today. While no big changes in the Fed’s stance are expected, investors were still a bit nervous and reluctant to risk. Traders were also waiting for today’s television debates between Emmanuel Macron and Marine Le Pen before the second round of the French presidential elections this weekend. Meanwhile, […]
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May 32017
EUR/USD Stable-to-Lower Ahead of Fed
The euro was stable against some currencies and lower versus others ahead of the Federal Reserve policy statement due to release later today. While no big changes in the Fed’s stance are expected, investors were still a bit nervous and reluctant to risk. Traders were also waiting for today’s television debates between Emmanuel Macron and Marine Le Pen before the second round of the French presidential elections this weekend. Meanwhile, […]
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May 32017
Sterling Eases Losses amid Clashing Fundamentals
The Great Britain pound was soft today, though the currency has trimmed its losses against some of its rivals by now and even erased them almost completely against others, including the euro and the Japanese yen. Confusing fundamentals did not make it easy for the sterling to establish a trend as relatively positive macroeconomic data clashed with Brexit fears. The Markit/CIPS UK Construction Purchasing Managersâ Index climbed from 52.2 […]
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