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Day: December 28, 2018
December 282018
Euro Rallies Against US Dollar Then Drops on Weak German CPI Data
The euro today rallied against the US dollar from the Asian session and maintained its gains into the European session amid minimal holiday trading. However, the single currency dropped slightly following the release of the disappointing German consumer inflation data in the early American session. The EUR/USD currency pair today rallied from an opening and intra-day low of 1.1429 to a high of 1.1473 before dropping slightly later in the session. The currency pair’s initial rally […]
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December 282018
Japanese Yen Rallies on Trade and Economic Growth Concerns
The Japanese yen today rallied against the US dollar as investors remained worried about the trade tensions between the US and China, which resulted in a risk averse market sentiment. Investors were also worried about the prospects of slower global economic growth next year, which made the safe haven yen more appealing. The USD/JPY currency pair today dropped from an opening high of 110.94 to a 2-day low of 110.32 due to the stronger […]
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December 282018
EUR/USD Trades Without Direction on Mixed US Data
The euro could not find any definite direction in trading versus the greenback today. After the daily share of US fundamental indicators for have been released, EUR/USD has drifted to the downside mostly, however, without trending really. Chicago PMI fell from 66.4 to 65.4 in December instead of falling to 61.4 as market participants had expected. Pending home sales declined by 0.7% in November after falling by 2.6% a month earlier. Analysts […]
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