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Day: June 13, 2017
June 132017
EUR/USD Little Changed Ahead of FOMC Meeting
EUR/USD was little changed today as traders were lying in wait ahead of tomorrow’s policy announcement from the Federal Open Market Committee. The first two trading days of the week were light on economic data. This will change tomorrow as several important reports will be released, including the Consumer Price Index and retail sales data. PPI showed no change in May, exactly as analysts predicted. The index was up […]
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June 132017
British Pound Climbs vs. Euro and US Dollar on Strong Inflation Data
The British pound moved higher versus the euro and the US dollar on Tuesday, driven by gains in UK inflation and home prices that were bigger than expected. However, negative producer prices data limited the poundâs climb today. A weaker British pound in recent months seem to have contributed to higher inflation in the United Kingdom. The UK Office for National Statistics released a report earlier today that said that the consumer prices index […]
Read more
June 132017
British Pound Climbs vs. Euro and US Dollar on Strong Inflation Data
The British pound moved higher versus the euro and the US dollar on Tuesday, driven by gains in UK inflation and home prices that were bigger than expected. However, negative producer prices data limited the poundâs climb today. A weaker British pound in recent months seem to have contributed to higher inflation in the United Kingdom. The UK Office for National Statistics released a report earlier today that said that the consumer prices index […]
Read more
June 132017
Japanese Yen Weakens Against US Dollar on Higher Risk Sentiment
The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen. The currency pair retraced much of yesterday’s losses during the European session as demand for the yen declined due to a higher risk sentiment in the markets. The pair traded […]
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June 132017
Japanese Yen Weakens Against US Dollar on Higher Risk Sentiment
The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen. The currency pair retraced much of yesterday’s losses during the European session as demand for the yen declined due to a higher risk sentiment in the markets. The pair traded […]
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