Day: January 18, 2018

January 18
2018

US Fundamentals Support Short-Lived EUR/USD Rally

The US dollar had been falling against the euro throughout today’s trading session, but it had stopped its descent just before the New York trading session began. The rally in the EUR/USD currency pair was reignited by the release of the scheduled US macroeconomic statistics. US housing starts and building permits failed to rise in December. Housing starts slumped from 1.30 to 1.19 million units despite the median forecast of 1.28 […]

Read more
January 18
2018

Euro Consolidates Gains Against US Dollar on Mixed US Data

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher. The EUR/USD currency pair today rallied by over 75 points from a low of 1.2172 to hit a high of 1.2252 in the early American session. The euro today had […]

Read more