The Swiss franc is weakening against the greenback on Thursday after the central bank warned that the trade war could rock the currency. A central bank official also encouraged investors to hold tight because a tighter monetary policy is still far away from being realized. That said, officials believe the franc remains highly valued in the global financial markets. If a full-scale trade spat commenced, the Swiss economy would […]
Read moreThe EUR/USD currency pair today dropped from yesterday’s 2-week highs as investors looked past the results of the US midterm elections triggering a slight recovery by the greenback. The pair’s performance was largely driven by positive investor sentiment towards the greenback, which kept the pair trading in a subdued range. The EUR/USD currency pair today traded in a range between a high of 1.1445 and a low of 1.1404 as investors waited for the FOMC rate decision. The currency pair was […]
Read moreEUR/USD was moving down today and fell further after the Federal Open Market Committee decided to leave its monetary policy without change. Initial jobless claims fell a bit from 215k to 214k last week, in line with analysts’ forecasts. (Event A on the chart.) FOMC left interest rates unchanged to no ones surprise. (Event B on the chart.) FOMC continued to anticipate additional rate hikes in the future, saying: The Committee […]
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