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Day: June 12, 2017
June 122017
US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting
The US dollar declined against a basket of other major currencies on Monday to begin the week on a negative note. Tomorrow, the Federal Open Market Committee is set to begin a monetary policy meeting that will last two days, which reduced tradersâ appetite for risk and pushed the Japanese yen higher against the greenback. The Federal Reserve will release a statement on Wednesday that will include the latest interest rate decision from the Federal […]
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June 122017
US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting
The US dollar declined against a basket of other major currencies on Monday to begin the week on a negative note. Tomorrow, the Federal Open Market Committee is set to begin a monetary policy meeting that will last two days, which reduced tradersâ appetite for risk and pushed the Japanese yen higher against the greenback. The Federal Reserve will release a statement on Wednesday that will include the latest interest rate decision from the Federal […]
Read more
June 122017
EUR/USD Trades in a Narrow Range on Empty Dockets
The EUR/USD currency pair today traded in a tight range with minimal movement given the empty US and EU dockets. There were no major factors that could influence the direction of the currency pair, however, the US dollar strengthened against the euro later in today’s session. The euro gapped higher against the US dollar early in today’s session continuing a rally that started mid-Friday, but it has since retraced most […]
Read more
June 122017
EUR/USD Trades in a Narrow Range on Empty Dockets
The EUR/USD currency pair today traded in a tight range with minimal movement given the empty US and EU dockets. There were no major factors that could influence the direction of the currency pair, however, the US dollar strengthened against the euro later in today’s session. The euro gapped higher against the US dollar early in today’s session continuing a rally that started mid-Friday, but it has since retraced most […]
Read more
June 122017
Pound Fails to Bounce After Post-Election Sell-Off
The Great Britain pound attempted to rally today, following Friday’s huge losses, but was unable to do so and is moving further down as of now. The attempt of UK Prime Minister Theresa May to consolidate power with the help of the snap election backfired spectacularly, resulting in a hung parliament and huge losses to the sterling. She faced calls to step down, even from her own party. While her position looks secure […]
Read more
June 122017
Pound Fails to Bounce After Post-Election Sell-Off
The Great Britain pound attempted to rally today, following Friday’s huge losses, but was unable to do so and is moving further down as of now. The attempt of UK Prime Minister Theresa May to consolidate power with the help of the snap election backfired spectacularly, resulting in a hung parliament and huge losses to the sterling. She faced calls to step down, even from her own party. While her position looks secure […]
Read more