Day: July 25, 2017

July 25
2017

EUR/USD Loses Gains, Driven Down by US Data

EUR/USD rose today as the two-day meeting of the Federal Reserve started. The currency pair lost its gains, though, as basically all of today’s reports in the United State were good. S&P/Case-Shiller home price index rose 5.7% in May, year-over-year. Analysts expected the same 5.8% rate of growth as in April. Month-on-month, the index was up 0.8%. (Event A on the chart.) Richmond Fed manufacturing index rose to 14 in July from 11 in June (revised […]

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July 25
2017

US Dollar Recovers Briefly on Positive US Consumer Confidence

The US dollar today rallied briefly against its peers after the release of positive US consumer confidence data by the Conference Board. The US dollar rallied briefly against the euro, which saw the single currency decline against the greenback from 52-week highs recorded earlier today. The positive consumer confidence data led to the US Dollar Index recovering from a daily low of 93.64 to trade at 93.94 at the time of writing. The release of the consumer […]

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July 25
2017

Euro Climbs on Upbeat German Business Confidence

The euro rose against the US dollar on Tuesday, after a new report showed better business confidence in Germany than previously expected, the biggest economy in the European Union. The shared currency had smaller gains against the British pound following a tweet from US President Donald Trump that mentioned a trade deal with the United Kingdom. Business climate in Germany improved in July, according to a fresh release from the ifo Institute for Economic […]

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