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Day: June 26, 2017
June 262017
US Dollar Drops Against Euro as Disappointing Economic Release Kicks off Busy Data Week
The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods orders today, which further signaled a loss of economic momentum that weighed on the US dollar in recent weeks. New orders for durable goods manufactured in the United States decreased in May, according to a report released by the US Census Bureau at 12:30 […]
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June 262017
US Dollar Drops Against Euro as Disappointing Economic Release Kicks off Busy Data Week
The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods orders today, which further signaled a loss of economic momentum that weighed on the US dollar in recent weeks. New orders for durable goods manufactured in the United States decreased in May, according to a report released by the US Census Bureau at 12:30 […]
Read more
June 262017
GBP/USD Rallies Higher After News of UK Government Deal
The GBP/USD currency pair today rallied higher after news emerged that Theresa May had struck a deal with the DUP to form a minority government. The British pound rallied higher against the US dollar after the release of disappointing US durable goods orders figures by the Census Bureau, which did not meet expectations. The currency pair opened the day’s session n a positive note before a major decline occasioned by a sudden […]
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June 262017
GBP/USD Rallies Higher After News of UK Government Deal
The GBP/USD currency pair today rallied higher after news emerged that Theresa May had struck a deal with the DUP to form a minority government. The British pound rallied higher against the US dollar after the release of disappointing US durable goods orders figures by the Census Bureau, which did not meet expectations. The currency pair opened the day’s session n a positive note before a major decline occasioned by a sudden […]
Read more
June 262017
Positive Market Sentiment Drives Swiss Franc Down
The market sentiment was positive to risky currencies today, driving the Swiss franc down against its most-traded counterparts. Global stocks around the world rallied during the Monday’s trading session, indicating that speculators favored assets with high yield. The likely reason for the traders’ optimism was the rally of crude oil prices. Safe currencies, like the Swiss franc and the Japanese yen, usually struggle to find demand when market participants […]
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June 262017
Positive Market Sentiment Drives Swiss Franc Down
The market sentiment was positive to risky currencies today, driving the Swiss franc down against its most-traded counterparts. Global stocks around the world rallied during the Monday’s trading session, indicating that speculators favored assets with high yield. The likely reason for the traders’ optimism was the rally of crude oil prices. Safe currencies, like the Swiss franc and the Japanese yen, usually struggle to find demand when market participants […]
Read more
June 262017
Japanese Yen Falls After BoJ Summary of Opinions
The Japanese yen fell today against its major peers after the Bank of Japan released the Summary of Opinions expressed during the June policy meeting. The optimistic market sentiment was also unfavorable to the currency. The Summary of Opinions showed that Japanese policy makers are not in a hurry to abandon unprecedented stimulus. One of the BoJ members said: The fundamental issue for a policy exit is that its timing cannot be foreseen, given […]
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June 262017
Japanese Yen Falls After BoJ Summary of Opinions
The Japanese yen fell today against its major peers after the Bank of Japan released the Summary of Opinions expressed during the June policy meeting. The optimistic market sentiment was also unfavorable to the currency. The Summary of Opinions showed that Japanese policy makers are not in a hurry to abandon unprecedented stimulus. One of the BoJ members said: The fundamental issue for a policy exit is that its timing cannot be foreseen, given […]
Read more