Day: November 21, 2017

November 21
2017

GBP/USD Retraces Earlier Gains as the US Dollar Index Surges

The GBP/USD currency pair today retraced some of its earlier gains made during the European session in the North American session as the US Dollar Index rallied higher. The currency pair had rallied higher during the mid-European session after the release of UK CBI trends data, which beat expectations. The GBP/USD currency pair rallied to a daily high of 1.3267 early in the European session before trending lower to hit a daily low of 1.3209, […]

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November 21
2017

US Dollar Moves Marginally Higher as Home Sales Improve More Than Expected in October

The US dollar moved marginally higher against the euro on Tuesday following the release of better than expected data for the housing market in the United States. However, investors’ anticipation for a speech that Federal Reserve Chairwoman Janet Yellen is scheduled to give tomorrow has kept the greenback’s gains dormant today. The number of previously owned homes that were sold in the United States beat estimates in October as the housing market overcame disruptions caused […]

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