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Read moreEUR/USD fell today as the dollar was rebounding after the previous sell-off. Market analysts named several possible reasons for the rebound. One of them was subsiding fears of trade wars between China and the United States as the two countries were negotiating about a trade agreement. The other were month-end flows as investors were converting their earnings into the US currency. S&P/Case-Shiller home price index rose 6.4% in January, year-on-year. That […]
Read moreThe euro today declined significantly against the US dollar following dovish comments from a member of the European Central Bank‘s Governing Council. The euro’s decline was further accelerated by the greenback’s recovery following a significant decline in Monday’s trading session. The EUR/USD currency pair had lost over 80 points to decline from a high of 1.2477 to trade at a low of 1.2391 at the time of writing. The dovish comments from ECB Governing Council member Erkki […]
Read moreThe Japanese yen fell against its rivals intraday as the market sentiment was improving. While the currency retained its losses versus the US dollar, the yen has managed to erase the drop against most other peers by now. As for Japan’s macroeconomic data, it was somewhat mixed today. The Bank of Japan core Consumer Price Index rose 0.8% in February from a year ago, the same as in January, while analysts had expected […]
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