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Day: August 29, 2017
August 292017
EUR/USD at Highest in More Than Two Years
EUR/USD touched the highest level since the very beginning of 2015. The reason for that was the launch of a ballistic missile by North Korea. The missile flew over Japan and dropped in the Pacific waters. Many experts speculated that it was a test by the rogue nation of its capability of reaching the United States. The resulting risk aversion hurt the US dollar. The unexpected surge of the US consumer confidence alleviated the pressure on the greenback to some degree, but the currency […]
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August 292017
Pound Gains on Dollar, Remains Weak Against Other Majors
The Great Britain pound rose against the US dollar during Tuesday’s trading but fell against other currencies, including the euro. The sterling’s gains versus the greenback were the result of the US currency’s weakness after the missile launch by North Korea. Fundamentals were not particularly supportive to the UK currency itself, with the Brexit remaining a large question mark. Economic data was not especially good either as the Nationwide House Price […]
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August 292017
Pound Gains on Dollar, Remains Weak Against Other Majors
The Great Britain pound rose against the US dollar during Tuesday’s trading but fell against other currencies, including the euro. The sterling’s gains versus the greenback were the result of the US currency’s weakness after the missile launch by North Korea. Fundamentals were not particularly supportive to the UK currency itself, with the Brexit remaining a large question mark. Economic data was not especially good either as the Nationwide House Price […]
Read more
August 292017
Traders Seek Safety After North Korea Fires Missile Over Japan
Forex traders were seeking safe options during the current trading session after North Korea fired a ballistic missile over Japan. Safe currencies like the Swiss franc and the Japanese yen profited as a result. North Korea launched an unidentified ballistic missile today, which fell in the Pacific Ocean after flying over Japan. Japanese Prime Minister Shinzo Abe stated after the event: A missile passing over Japan is […]
Read more
August 292017
Traders Seek Safety After North Korea Fires Missile Over Japan
Forex traders were seeking safe options during the current trading session after North Korea fired a ballistic missile over Japan. Safe currencies like the Swiss franc and the Japanese yen profited as a result. North Korea launched an unidentified ballistic missile today, which fell in the Pacific Ocean after flying over Japan. Japanese Prime Minister Shinzo Abe stated after the event: A missile passing over Japan is […]
Read more