EUR/USD continued to rise today after the European Central Bank left its monetary policy unchanged and ECB President Mario Draghi voiced confidence in economic growth and inflation. (Event A on the chart.) Meanwhile, economic data released in the United States was mixed but mostly positive. Seasonally adjusted initial jobless claims rose from 216k to 233k last week but were still below the forecast level of 239k. (Event A on the chart.) […]
Read moreThe euro today rallied to new 3-year highs against the US dollar after the European Central Bank left interest rates unchanged. The single currency initially headed lower after the ECB rate decision, but rallied to new highs after Mario Draghi‘s speech at the ECB’s press conference in Frankfurt. The EUR/USD currency pair today gained over 140 points from its opening low of 1.2385 to hit a high of 1.2536 after […]
Read moreThe New Zealand dollar gained versus its most-traded peers today following the decline caused by the nation’s inflation print that missed market expectations. The New Zealand Consumer Price Index rose just 0.1% in the December quarter from the previous three months following the 0.5% increase in the September quarter. That is compared to the average forecast of a 0.4% increase. The report was released at the end of the previous session, though, causing a collapse of the currency […]
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