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Day: October 30, 2017
October 302017
Euro Rises vs. Dollar, Vulnerable vs. Other Majors
The euro rose against the weak US dollar, but traded flat-to-lower versus most other major currencies on Monday. Among factors influencing the currency were new developments in the Catalan situation and disappointing inflation data. Spanish Attorney-General Jose Manuel Maza accused Catalan leader Carles Puigdemont (and other politicians involved in the illegal referendum about Catalonia’s independence from Spain) of rebellion, sedition, fraud and misuse of funds. Puigdemont and his allies […]
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October 302017
Euro Rises vs. Dollar, Vulnerable vs. Other Majors
The euro rose against the weak US dollar, but traded flat-to-lower versus most other major currencies on Monday. Among factors influencing the currency were new developments in the Catalan situation and disappointing inflation data. Spanish Attorney-General Jose Manuel Maza accused Catalan leader Carles Puigdemont (and other politicians involved in the illegal referendum about Catalonia’s independence from Spain) of rebellion, sedition, fraud and misuse of funds. Puigdemont and his allies […]
Read more
October 302017
US Retreats amid Political Troubles, Fed Chair Uncertainty
The US dollar retreated today following the last week’s rally. Political issues in the United States overshadowed Monday’s positive macroeconomic data, sending the US currency down. Just when it looked like the political situation improves for US President Donald Trump as he was getting closer to fulfilling one of his election promises, a tax reform, a new development occurred in the investigation of supposed ties between Trump’s election campaign and Russia. […]
Read more
October 302017
US Retreats amid Political Troubles, Fed Chair Uncertainty
The US dollar retreated today following the last week’s rally. Political issues in the United States overshadowed Monday’s positive macroeconomic data, sending the US currency down. Just when it looked like the political situation improves for US President Donald Trump as he was getting closer to fulfilling one of his election promises, a tax reform, a new development occurred in the investigation of supposed ties between Trump’s election campaign and Russia. […]
Read more