Day: November 8, 2018

November 8
2018

Swiss Franc Weakens on Trade War Concerns, Bearish Monetary Policy Forecasts

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 […]

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November 8
2018

EUR/USD Pair Drops From 2-Week Highs Ahead of FOMC Rate Decision

The 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 […]

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November 8
2018

EUR/USD Moves Lower Following FOMC Announcement

EUR/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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