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Day: August 15, 2017
August 152017
EUR/USD Recovers Despite Good US Data
After having fallen upon the release of the first batch of the US macroeconomic indicators, EUR/USD was rather quick to recover despite the lack of some meaning fundamental drivers. The currency pair then stalled not too far from the daily open level. US export and import prices rose by 0.4% and 0.1% respectively in July. The growth of the export prices exceeded the median forecast while the import prices changed according to it. A month earlier, […]
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August 152017
US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales
The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations. The US dollar’s rally, as tracked by the US Dollar Index was impressive as the index hit a session high of 94.10, which was last […]
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August 152017
US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales
The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations. The US dollar’s rally, as tracked by the US Dollar Index was impressive as the index hit a session high of 94.10, which was last […]
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August 152017
British Pound Declines as UK Inflation Data Misses Estimates
The British pound declined against most of its major peers on Tuesday following the release of two reports that revealed that inflation in the United Kingdom remained dormant in July. The British currency weakened further against the greenback as strong US retail sales numbers surprised investors. The official index for tracking changes in consumer prices of goods and services in the United Kingdom dropped 0.1% between June and July, according to todayâs release. The drop disappointed […]
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August 152017
British Pound Declines as UK Inflation Data Misses Estimates
The British pound declined against most of its major peers on Tuesday following the release of two reports that revealed that inflation in the United Kingdom remained dormant in July. The British currency weakened further against the greenback as strong US retail sales numbers surprised investors. The official index for tracking changes in consumer prices of goods and services in the United Kingdom dropped 0.1% between June and July, according to todayâs release. The drop disappointed […]
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August 152017
EUR/USD Hits New Daily Lows Despite Strong German GDP Data
The EUR/USD currency pair today hit new session lows despite the release of strong German GDP data by the Federal Statistical Office. The currency pair was under intense selling pressure for the second consecutive session given the strong US dollar. The currency pair lost about 70 points at the height of it decline after the release of the German GDP data, but had since retraced come of its losses. The EUR/USD currency pair […]
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August 152017
EUR/USD Hits New Daily Lows Despite Strong German GDP Data
The EUR/USD currency pair today hit new session lows despite the release of strong German GDP data by the Federal Statistical Office. The currency pair was under intense selling pressure for the second consecutive session given the strong US dollar. The currency pair lost about 70 points at the height of it decline after the release of the German GDP data, but had since retraced come of its losses. The EUR/USD currency pair […]
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