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Day: October 17, 2017
October 172017
EUR/USD Dips on Prospects for Hawkish Fed Chair
EUR/USD dipped today amid speculations that a new Federal Reserve chief may be a hawk. Market participants consider a December interest rate hike almost a guarantee and think that another rate increase is possible in the first half of 2018. All that is bullish for the dollar, and the set of decent economic reports released in the United States today did not hurt the US currency either. Import and export prices rose […]
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October 172017
USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations
The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next leader of the Federal Reserve may be a hawk. The term of the incumbent Fed Chairperson Janet Yellen will come to an end in February. Now, US President Donald Trump talks with the candidates for the post to determine the most appropriate one. According […]
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October 172017
USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations
The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next leader of the Federal Reserve may be a hawk. The term of the incumbent Fed Chairperson Janet Yellen will come to an end in February. Now, US President Donald Trump talks with the candidates for the post to determine the most appropriate one. According […]
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October 172017
Canadian Dollar Falls as Uncertainty About Trade Relations Grows
The Canadian dollar fell against its US counterpart on Tuesday as investors grew more uncertain about the future of the North American Free Trade Agreement. Lower expectations of an interest rate hike in Canada and positive economic data in the United States widened the gap between the loonie and the greenback today. Officials from the Canadian government have been renegotiating the terms of the NAFTA agreement with their US peers. The US demands are leaving only […]
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October 172017
Canadian Dollar Falls as Uncertainty About Trade Relations Grows
The Canadian dollar fell against its US counterpart on Tuesday as investors grew more uncertain about the future of the North American Free Trade Agreement. Lower expectations of an interest rate hike in Canada and positive economic data in the United States widened the gap between the loonie and the greenback today. Officials from the Canadian government have been renegotiating the terms of the NAFTA agreement with their US peers. The US demands are leaving only […]
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October 172017
Euro Declines Against US Dollar on Positive US Import Data
The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session. The EUR/USD currency pair today lost over 50 points from its opening quote and it was on a downward trend for most of today’s session. The euro was […]
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October 172017
Euro Declines Against US Dollar on Positive US Import Data
The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session. The EUR/USD currency pair today lost over 50 points from its opening quote and it was on a downward trend for most of today’s session. The euro was […]
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October 172017
British Pound Weakens Against US Dollar Despite Hawkish BoE
The British pound today weakened against the US dollar despite the hawkish comments made by the Bank of England Governor in his testimony before lawmakers. The pound declined against the US dollar despite the release of positive UK CPI data for September early in the European session. The GBP/USD currency pair declined by over 110 points from its daily high of 1.3286 hit earlier in today’s session. The weakness in the British pound was largely attributed […]
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October 172017
British Pound Weakens Against US Dollar Despite Hawkish BoE
The British pound today weakened against the US dollar despite the hawkish comments made by the Bank of England Governor in his testimony before lawmakers. The pound declined against the US dollar despite the release of positive UK CPI data for September early in the European session. The GBP/USD currency pair declined by over 110 points from its daily high of 1.3286 hit earlier in today’s session. The weakness in the British pound was largely attributed […]
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October 172017
NZ Dollar Edges Up After Inflation Accelerates Beyond Expectations
The New Zealand dollar traded a little bit higher against some of its rivals, like the US dollar, while against others, like the euro, it demonstrated more significant gains. One of the possible reasons for the rally was higher-than-expected inflation. The Consumer Price Index rose 0.5% (0.3% with adjustments for seasonal variations) in the September quarter from the previous three months. That was faster growth than 0.4% predicted by specialists, […]
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