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Day: August 24, 2017
August 242017
EUR/USD Steady Ahead of Jackson Hole
EUR/USD was steady today as trading was quiet ahead of the Jackson Hole Symposium. While the meeting starts today, markets’ attention was focused on Friday. That was because Federal Reserve Chair Janet Yellen and European Central Bank Mario Draghi will speak tomorrow. As for today’s economic data in the United States, it was a bit disappointing, with existing home sales falling instead of rising. But that had […]
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August 242017
US Dollar Trades Sideways Against Euro on Positive Jobless Claims Data
The US dollar today traded sideways against the euro after the release of positive jobless claims data amid an empty European docket. The US dollar exhibited some strength against the single currency immediately after the release of the jobless claims data, but later gave up some of its gains to create a sideways trend. The EUR/USD currency pair was trading in a tight range around the 1.1800 handle for most of today’s session. The EUR/USD […]
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August 242017
US Dollar Trades Sideways Against Euro on Positive Jobless Claims Data
The US dollar today traded sideways against the euro after the release of positive jobless claims data amid an empty European docket. The US dollar exhibited some strength against the single currency immediately after the release of the jobless claims data, but later gave up some of its gains to create a sideways trend. The EUR/USD currency pair was trading in a tight range around the 1.1800 handle for most of today’s session. The EUR/USD […]
Read more