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Day: March 28, 2018
March 282018
EUR/USD Drops, Extends Decline After US GDP
EUR/USD continued to fall today, extending its decline after the release of better-than-expected US GDP report. The currency pair also remained under pressure from the same factors as yesterday — subsiding fears of trade wars and end-of-quarter flows. US GDP rose 2.9% in Q4 2017 according to the third and final estimate. The revised figure was above the predicted increase of 2.7% and the preliminary reading of 2.5%. The US economy grew by 3.2% in Q3 2017. […]
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March 282018
EUR/USD Declines on Positive Revision of US Q4 GDP Data
The EUR/USD currency pair today declined to new lows after an upward revision of the US Q4 GDP data by the Bureau of Economic Analysis. The pair’s decline started in the late Asian session as the greenback gained ground against the euro despite the positive German GfK consumer confidence print for March. The EUR/USD currency pair lost over 80 points to decline from a high of 1.2421 in the Asian session to a low of 1.2335 in the early American session. The pair’s […]
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March 282018
NZ Dollar Mixed After Consumer Confidence Release
The New Zealand dollar was mixed today after the release of the consumer confidence report. The ANZ Business Confidence slipped from -19.0 in February to -20.0 in March. The report was not entirely negative, though, saying: Belying the headline measures somewhat, all key activity indicators improved further, albeit while remaining well off their cycle highs. Furthermore, the report added: Our composite growth indicator, which combines […]
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