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Day: August 9, 2017
August 92017
EUR/USD Volatile on Mixed US Data
EUR/USD traded up and down during the current session as the markets have been moved by mixed macroeconomic data. However, currently, the US dollar is trading a bit stronger versus the euro compared to the daily open level. US nonfarm productivity added 0.9% in the second quarter of this year as opposed to 0.1% seen in the first quarter (revised up from no change). Traders expected a 0.7% increase for this indicator. (Event A on the chart.) […]
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August 92017
US Dollar Erases Earlier Gains as Geopolitical Tensions Increase
The US dollar surged against a number of its major peers on Wednesday before giving up most of its gains, as traders focused on rising geopolitical tensions between the United States and North Korea. The greenback had little support from mixed economic data in the United States today as a report showed that while nonfarm productivity rose in the second quarter of 2017, labor costs lagged behind. In the latest development to the existing geopolitical tensions […]
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August 92017
US Dollar Erases Earlier Gains as Geopolitical Tensions Increase
The US dollar surged against a number of its major peers on Wednesday before giving up most of its gains, as traders focused on rising geopolitical tensions between the United States and North Korea. The greenback had little support from mixed economic data in the United States today as a report showed that while nonfarm productivity rose in the second quarter of 2017, labor costs lagged behind. In the latest development to the existing geopolitical tensions […]
Read more