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Day: January 29, 2018
January 292018
Euro Declines Against US Dollar on Positive US Inflation Data
The euro today posted a significant decline against the US dollar after the release of US inflation data as measured by the Personal Consumption Expenditures. The euro was on a downtrend against the greenback from the Asian session due to the positive investor sentiment towards the US dollar. The EUR/USD currency pair declined by over 80 points from its opening high of 1.2432 to hit a low of 1.2346 at the time of writing. The currency pair opened today’s session on a downtrend […]
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January 292018
Greenback Tries to Regain Ground on Monday, AUD/USD Goes Lower
The Australian dollar slipped versus its US counterpart today as the greenback was trying to regain ground. The Aussie was mostly little changed against other most-traded peers, though gained on the Swiss franc. The US currency was trying to recoup following last week’s losses, thus driving its rivals down. Most market analysts believed, though, that the currency remained rather vulnerable. Indeed, today’s drop of AUD/USD looked […]
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