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Day: August 11, 2017
August 112017
US Dollar Weakens Against Euro as Inflation Data Misses Estimates
The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback. The US Bureau of Labor Statistics said that the consumer price index increased 0.1% between June and July on a seasonally […]
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August 112017
US Dollar Weakens Against Euro as Inflation Data Misses Estimates
The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback. The US Bureau of Labor Statistics said that the consumer price index increased 0.1% between June and July on a seasonally […]
Read more
August 112017
USD/CAD Tests New Lows After Release of Weak US CPI Data
The USD/CAD currency pair today tested new lows after the release of weak CPI data by the US Bureau of Labor Statistics. The weak crude oil prices in the global market could not allow the currency pair to drop much lower as the Canadian dollar is closely linked to global oil prices. The USD/CAD currency paid declined by about 100 points after the release of the US CPI data, but had since retraced some […]
Read more
August 112017
USD/CAD Tests New Lows After Release of Weak US CPI Data
The USD/CAD currency pair today tested new lows after the release of weak CPI data by the US Bureau of Labor Statistics. The weak crude oil prices in the global market could not allow the currency pair to drop much lower as the Canadian dollar is closely linked to global oil prices. The USD/CAD currency paid declined by about 100 points after the release of the US CPI data, but had since retraced some […]
Read more