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Day: April 23, 2018
April 232018
EUR/USD Down for Third Day as US Treasury Yield Surges
EUR/USD fell today, declining for the third consecutive trading session. Market analysts explained the dollar’s strength by the surging yield for 10-year US Treasuries, though bets on an interest rate hike from the Federal Reserve in June were certainly helping the currency as well. US macroeconomic reports released today were universally positive, giving the greenback yet another reason to rally. Flash Markit manufacturing PMI climbed from 55.6 in March to 56.5 […]
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April 232018
Asia AM Digest: Yen Falls as Japan Mulls Stimulus, Rupiah May Rise
To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – Yen Broadly Lower As this week’s trading session got started, the Japanese Yen gapped lower and depreciated against its major counterparts. Over the weekend, reports crossed the wires that Japan’s government is considering an initial budget proposal that would inject […]
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