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Day: September 27, 2017
September 272017
EUR/USD Continues to Fall for Third Day
EUR/USD extended its decline for the third day today. US economic data was mixed, but traders paid more attention to the positive durable goods orders report than to the negative housing data. Yesterday’s speech of Federal Reserve Chairwoman Janet Yellen, which confirmed that the Fed is going to continue monetary tightening, also put pressure on the currency pair. Anticipation of a US fiscal reform announcement was also driving […]
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September 272017
Canadian Dollar Drops Against US Peer on Poloz Dovish Comments
The Canadian dollar dropped against its US counterpart on Wednesday in the wake of dovish comments from Bank of Canada Governor Stephen Poloz. The loonie also had broader losses against other major peers, as investors worried about the gross domestic product numbers, which are due to be released on Friday. In his first speech since the Bank of Canada raised interest rates on September 6, Poloz said that the bank has […]
Read more
September 272017
Canadian Dollar Drops Against US Peer on Poloz Dovish Comments
The Canadian dollar dropped against its US counterpart on Wednesday in the wake of dovish comments from Bank of Canada Governor Stephen Poloz. The loonie also had broader losses against other major peers, as investors worried about the gross domestic product numbers, which are due to be released on Friday. In his first speech since the Bank of Canada raised interest rates on September 6, Poloz said that the bank has […]
Read more
September 272017
Euro Declines Against US Dollar on Positive US Data
The euro today declined against the US dollar on the back of positive US macro data including the durable goods orders and the weak MBA mortgage applications data. The euro was weighed down by the political uncertainties in Germany even as Angela Merkel is expected to form a three-way coalition government. The EUR/USD currency pair opened today’s session on a downtrend, but declined further after the release to record a decline of over 75 points from its […]
Read more
September 272017
Euro Declines Against US Dollar on Positive US Data
The euro today declined against the US dollar on the back of positive US macro data including the durable goods orders and the weak MBA mortgage applications data. The euro was weighed down by the political uncertainties in Germany even as Angela Merkel is expected to form a three-way coalition government. The EUR/USD currency pair opened today’s session on a downtrend, but declined further after the release to record a decline of over 75 points from its […]
Read more