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Day: December 7, 2017
December 72017
EUR/USD Declines for Third Session as Traders Remain Hopeful for Tax Reform
EUR/USD extended its decline for the third session in a row today as investors remained hopeful that US politicians will implement the tax reform and it will be beneficial to the US economic growth. The currency pair also fell as risk aversion rose after US President Donald Trump said that Jerusalem is the capital of Israel. As for economic data, the current trading session was light on reports from the United States, but […]
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December 72017
Euro Struggles to Rally Higher Despite Strong Eurozone GDP Data
The euro today struggled to rally against the US dollar despite the release of robust Eurozone GDP growth data for Q3 2017 in the early European session. The EUR/USD currency pair was weighed down by the higher demand for the US dollar among market participants, which drove the pair lower. The EUR/USD currency pair was trading in a 30-point range for most of today’s session having hit a daily high of 1.1806 in the Asian session and a low of 1.1774 […]
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