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Day: January 17, 2018
January 172018
EUR/USD Rises and Falls, Ignores US Macros
The euro was on the rise against the US dollar during the first half of the New York trading session but declined afterwards. The currency pair paid little attention to the macroeconomic data that was released in the United States today. Industrial production increased by 0.9% in December after 0.1% decline in November (revised negatively from 0.2% growth). The output growth was significantly higher than the median forecast of 0.5%. Capacity utilization rose […]
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January 172018
Euro Trades Lower on ECB Jawboning and Positive Eurozone Data
The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session. The EUR/USD currency pair lost over 120 points to drop from a high of 1.2322 to hit a daily low of 1.2196 in the mid-European session. The euro’s slide started in the Asian session after hitting […]
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