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Day: May 25, 2017
May 252017
US Dollar Climbs Against Commodity Currencies After OPEC Meeting
The US dollar rose against currencies that are closely tied to oil prices on Thursday, after the conclusion of a meeting between the Organization of the Petroleum Exporting Countries and other oil major producers. Todayâs meeting discussed a possible extension for an agreement made last year that limits crude outputs to counter a global oversupply that forced oil prices lower. During the meeting a deal was made to extend the agreement, which would have […]
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May 252017
US Dollar Climbs Against Commodity Currencies After OPEC Meeting
The US dollar rose against currencies that are closely tied to oil prices on Thursday, after the conclusion of a meeting between the Organization of the Petroleum Exporting Countries and other oil major producers. Todayâs meeting discussed a possible extension for an agreement made last year that limits crude outputs to counter a global oversupply that forced oil prices lower. During the meeting a deal was made to extend the agreement, which would have […]
Read more
May 252017
EUR/USD Trades Lower on Depressed Oil Prices and Mixed US Data
The EUR/USD currency pair today hit new lows mid-European session as the US dollar rallied against the single currency boosted by weak global oil prices. The currency pair hit a session low after the release of the US Advance goods trade balance for April, which was lower than expected. The currency pair started the day’s session on an upward trend as the greenback extended losses incurred after the release of the FOMC minutes yesterday. However, […]
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May 252017
EUR/USD Trades Lower on Depressed Oil Prices and Mixed US Data
The EUR/USD currency pair today hit new lows mid-European session as the US dollar rallied against the single currency boosted by weak global oil prices. The currency pair hit a session low after the release of the US Advance goods trade balance for April, which was lower than expected. The currency pair started the day’s session on an upward trend as the greenback extended losses incurred after the release of the FOMC minutes yesterday. However, […]
Read more
May 252017
Australian Dollar Drops with Commodity Currencies
The Australian dollar dropped together with other commodity currencies today, most likely due to the sharp decline of crude oil prices, after showing decent performance during the previous trading session. The Aussie weathered yesterday’s announcement of China’s credit rating downgrade rather well, ending the session with gains against major peers. Yet today, the currency dropped after prices for crude sank about 1% while the Organization of Petroleum […]
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May 252017
Australian Dollar Drops with Commodity Currencies
The Australian dollar dropped together with other commodity currencies today, most likely due to the sharp decline of crude oil prices, after showing decent performance during the previous trading session. The Aussie weathered yesterday’s announcement of China’s credit rating downgrade rather well, ending the session with gains against major peers. Yet today, the currency dropped after prices for crude sank about 1% while the Organization of Petroleum […]
Read more
May 252017
Pound Swings Back & Forth After UK GDP
The Great Britain pound was volatile after the release of Britain’s gross domestic product report. The data was bearish, therefore the currency sank after the release, but the sterling is currently attempting to recover and is actually trading near the opening level against such majors like the US dollar and the euro. The economy of the United Kingdom grew just 0.2% in the first quarter of this year from the previous three months according to the second […]
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May 252017
Pound Swings Back & Forth After UK GDP
The Great Britain pound was volatile after the release of Britain’s gross domestic product report. The data was bearish, therefore the currency sank after the release, but the sterling is currently attempting to recover and is actually trading near the opening level against such majors like the US dollar and the euro. The economy of the United Kingdom grew just 0.2% in the first quarter of this year from the previous three months according to the second […]
Read more