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Day: July 28, 2017
July 282017
EUR/USD Attempts to Resume Rally
EUR/USD rose today, attempting to resume its rally after yesterday’s drop. While today’s US GDP report looked good, some inflation readings were disappointing. And that is coming after just recently the Federal Reserve voiced concern about sluggish inflation. Additionally, another failure to repeal Obamacare added to worries about political turmoil in the United States. Meanwhile, eurozone economic data was good, helping the euro […]
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July 282017
US Dollar Weakens Against Euro as GDP Data Disappoints
The US dollar declined against the euro on Friday, following a report that showed that the rate of economic growth in the United States failed to impress investors. The greenback fell harder against its Canadian counterpart as gross domestic product of the United Statesâ northern neighbor grew faster than expected. In its first estimate for gross domestic product in the second quarter of 2017, The US Bureau of Economic Analysis stated that the US economy grew […]
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July 282017
US Dollar Weakens Against Euro as GDP Data Disappoints
The US dollar declined against the euro on Friday, following a report that showed that the rate of economic growth in the United States failed to impress investors. The greenback fell harder against its Canadian counterpart as gross domestic product of the United Statesâ northern neighbor grew faster than expected. In its first estimate for gross domestic product in the second quarter of 2017, The US Bureau of Economic Analysis stated that the US economy grew […]
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July 282017
Canadian Dollar Rallies Against US Dollar on Positive GDP Data
The Canadian dollar today rallied against its US counterpart after the release of positive Canadian GDP growth data for the month of May by Statistics Canada. The US Bureau of Economic Analysis also released the US GDP growth estimate for the second quarter, which disappointed, causing the US dollar to weaken against the Canadian dollar. The USD/CAD currency pair lost over 100 points at the height of its decline as the US dollar retraced all its […]
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July 282017
Canadian Dollar Rallies Against US Dollar on Positive GDP Data
The Canadian dollar today rallied against its US counterpart after the release of positive Canadian GDP growth data for the month of May by Statistics Canada. The US Bureau of Economic Analysis also released the US GDP growth estimate for the second quarter, which disappointed, causing the US dollar to weaken against the Canadian dollar. The USD/CAD currency pair lost over 100 points at the height of its decline as the US dollar retraced all its […]
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July 282017
Czech Koruna Gains on Monetary Policy Outlook
The Czech koruna (sometimes also called the Czech crown) gained against the US dollar today amid expectations of monetary tightening from the nation’s central bank. The Czech National Bank will conduct a policy meeting next week (on August 3). Some analysts expect no changes to the existing monetary policy, while others predict an interest rate hike. Forecasts for a hike range from by 5 basis points to 25 basis points. […]
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July 282017
Czech Koruna Gains on Monetary Policy Outlook
The Czech koruna (sometimes also called the Czech crown) gained against the US dollar today amid expectations of monetary tightening from the nation’s central bank. The Czech National Bank will conduct a policy meeting next week (on August 3). Some analysts expect no changes to the existing monetary policy, while others predict an interest rate hike. Forecasts for a hike range from by 5 basis points to 25 basis points. […]
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July 282017
Euro Rallies Against US Dollar on Positive German CPI Data
The euro today rallied higher against the US dollar after the release of positive German CPI data by the Federal Statistical Office, which beat expectations. The euro later rallied higher against the weaker US dollar after the release of weak US GDP data for the second quarter by the Bureau of Economic Analysis. The EUR/USD currency pair gained over 70 points as the height of its rally as investors bought the euro and sold the greenback. The euro rallied […]
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July 282017
Euro Rallies Against US Dollar on Positive German CPI Data
The euro today rallied higher against the US dollar after the release of positive German CPI data by the Federal Statistical Office, which beat expectations. The euro later rallied higher against the weaker US dollar after the release of weak US GDP data for the second quarter by the Bureau of Economic Analysis. The EUR/USD currency pair gained over 70 points as the height of its rally as investors bought the euro and sold the greenback. The euro rallied […]
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July 282017
Russian Ruble Falls a Bit After Bank of Russia Policy Announcement
The Russian ruble fell a bit against the US dollar today after the Russian central bank kept its monetary policy unchanged but signaled that it may cut interest rates in the future. The Bank of Russia kept its main interest rate at 9%. Some of analysts expected such decision, while other expected a cut. The central bank signaled that it may indeed cut rates later: The Bank of Russia […]
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