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Day: August 16, 2017
August 162017
EUR/USD Falls Before US Data, Soars on FOMC Minutes
EUR/USD had fallen today even before any meaningful economic data was released anywhere in Europe or the United States. It continued to fall even as the US reports came out without any good surprises for the dollar bulls. However, the currency pair rallied later following the release of the July FOMC meeting minutes. Both housing starts and building permits deteriorated in July, falling to 1.16 and 1.22 million units respectively (annualized, […]
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August 162017
British Pound Declines Against US Dollar Despite Positive Jobs Data
The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains. The weak US housing data barely had an impact on the GBP/USD currency pair, which was weighed down by the Bank of England‘s dovish stand. The GBP/USD currency pair declined by over 60 points from the height of its brief rally after the positive […]
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August 162017
British Pound Declines Against US Dollar Despite Positive Jobs Data
The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains. The weak US housing data barely had an impact on the GBP/USD currency pair, which was weighed down by the Bank of England‘s dovish stand. The GBP/USD currency pair declined by over 60 points from the height of its brief rally after the positive […]
Read more