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Day: May 12, 2017
May 122017
EUR/USD Surges Following Poor CPI and Retail Sales Data
The US dollar dropped abruptly against the single European currency today following a the release of the consumer inflation and sales data from the United States. EUR/USD rally was short-lived but strong. Minor US reports that had been released afterwards were ignored by market participants. US CPI increased by 0.2% in April, matching forecasts, after posting a 0.3% drop in March. At the same time, core CPI (excluding food and energy) […]
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May 122017
US Dollar Retreats as Weak CPI Data Overshadows Gains in Consumer Sentiment
The US dollar plummeted on Friday against the euro, the Japanese yen, and other major currencies following the release of disappointing CPI and retail sales data. The greenback failed to harness enough support from a small gain in consumer sentiment in May, which left it exposed to a steeper loss against the shared currency. The US Bureau of Labor Statistics said in a report released at 12:30 GMT today that the consumer price index rose 0.2% in April […]
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May 122017
US Dollar Retreats as Weak CPI Data Overshadows Gains in Consumer Sentiment
The US dollar plummeted on Friday against the euro, the Japanese yen, and other major currencies following the release of disappointing CPI and retail sales data. The greenback failed to harness enough support from a small gain in consumer sentiment in May, which left it exposed to a steeper loss against the shared currency. The US Bureau of Labor Statistics said in a report released at 12:30 GMT today that the consumer price index rose 0.2% in April […]
Read more
May 122017
EUR/USD Rallies Higher Boosted by Strong German GDP Data and Weak US Data
The EUR/USD currency pair today rallied higher after the release of strong German GDP data followed by weak US data, which inspired the pair to rise to a three-day high. The currency pair overturned negative market sentiment around the single currency and rallied higher after the US CPI data and retail sales data failed to meet expectations. The currency pair gained over 50 points at the height of its rally even as the US dollar, as tracked […]
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May 122017
EUR/USD Rallies Higher Boosted by Strong German GDP Data and Weak US Data
The EUR/USD currency pair today rallied higher after the release of strong German GDP data followed by weak US data, which inspired the pair to rise to a three-day high. The currency pair overturned negative market sentiment around the single currency and rallied higher after the US CPI data and retail sales data failed to meet expectations. The currency pair gained over 50 points at the height of its rally even as the US dollar, as tracked […]
Read more