Day: March 23, 2018

March 23
2018

EUR/USD Rebounds as Markets Fear Trade Wars

EUR/USD rebounded after yesterday’s decline. US macroeconomic data released over the trading session was mixed, but traders barely paid any attention to it. Rather, they were focusing on the threat of trade wars. Additionally, US President Donald Trump promised to veto the spending bill unless it includes funding for the wall he promised in his election campaign, meaning that the US government may face yet another […]

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March 23
2018

Yen Firm on Risk Aversion, Pays Little Attention to Accelerating CPI

The Japanese yen gained at the start of Friday’s trading session and was trading sideways since then. The currency largely ignored positive domestic macroeconomic data, and the likely reason for the previous rally was investors’ desire for a safe haven. Japan’s core Consumer Price Index rose 1.0% in February from a year ago, within expectations and a bit faster than in January (0.9%). That was the fastest increase since April 2015. Yet it […]

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March 23
2018

Swiss Franc Loses Gains Caused by Trade War Fears

The Swiss franc rose intraday during the current trading session on fears of trade wars, particularly between the United States and China, but has lost its gains by now. With the USA announcing tariffs on China’s imports, fears grew that tensions between the world’s two biggest economies may escalate. Trade wars are not good for economy, therefore such fears drove investors towards safer assets, like the Swissie […]

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