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Day: May 23, 2017
May 232017
US Dollar Struggles to Rise on Disappointing Data and Political Risks
The US dollar struggled to rise against the euro and other major currencies on Tuesday as traders continued to be concerned about political instability in the United States. The greenback was met by additional resistance as it attempted to move higher today due to a drop in new home sales and a disappointing reading for an index that tracks manufacturing activity. Concerns about possible delays in Donald Trumpâs plans to stimulate the economy continued to linger today in the wake of a controversy […]
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May 232017
US Dollar Struggles to Rise on Disappointing Data and Political Risks
The US dollar struggled to rise against the euro and other major currencies on Tuesday as traders continued to be concerned about political instability in the United States. The greenback was met by additional resistance as it attempted to move higher today due to a drop in new home sales and a disappointing reading for an index that tracks manufacturing activity. Concerns about possible delays in Donald Trumpâs plans to stimulate the economy continued to linger today in the wake of a controversy […]
Read more
May 232017
Euro Declines Against US Dollar Despite Positive Eurozone PMI Data
The EUR/USD currency pair today hit a new session high during the European session before retracing all of its gains during the North America session. The pair had rallied higher on positive Markit Eurozone Composite PMI data and Germany’s Manufacturing PMI data, which met expectations. The currency pair rallied to a new daily high of 1.1269 during the early European session after the positive economic releases from the Eurozone, but later […]
Read more
May 232017
Euro Declines Against US Dollar Despite Positive Eurozone PMI Data
The EUR/USD currency pair today hit a new session high during the European session before retracing all of its gains during the North America session. The pair had rallied higher on positive Markit Eurozone Composite PMI data and Germany’s Manufacturing PMI data, which met expectations. The currency pair rallied to a new daily high of 1.1269 during the early European session after the positive economic releases from the Eurozone, but later […]
Read more