The euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase. Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining by 0.5% in April (revised from a 0.1% drop). The indicator was expected to add 0.5% in May. Capacity utilization went […]
Read moreThe euro slumped on Tuesday during Federal Reserve Chair Jerome Powellâs semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses. Powell, who will be speaking before the House Financial Services Committee on Wednesday, delivered an upbeat […]
Read moreThe euro slumped on Tuesday during Federal Reserve Chair Jerome Powellâs semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses. Powell, who will be speaking before the House Financial Services Committee on Wednesday, delivered an upbeat […]
Read moreThe British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May’s Brexit negotiating plan. The GBP/USD currency pair today crashed from a high of 1.3269 to a low of 1.3146 as investors reacted to the Brexit jitters. The publication of the UK labour market report […]
Read moreThe British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May’s Brexit negotiating plan. The GBP/USD currency pair today crashed from a high of 1.3269 to a low of 1.3146 as investors reacted to the Brexit jitters. The publication of the UK labour market report […]
Read moreThe euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase. Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining by 0.5% in April (revised from a 0.1% drop). The indicator was expected to add 0.5% in May. Capacity utilization went […]
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