Day: March 14, 2019

March 14
2019

US Dollar Mixed on Tame Wholesale Inflation, Higher Mortgage Applications

The US dollar is mixed against a basket of currencies on Thursday, attempting to find direction on economic data. The greenback has been trading based on inflation numbers, mortgage loans, and weekly jobless claims, but data may not affect the buck until the US and China officially announce a new trade agreement. According to the Department of Labor, the producer price index (PPI) – a measurement of price changes prior to reaching the consumer – rose […]

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March 14
2019

British Pound Falls Ahead of UK Article 50 Extension Vote

The British pound today fell from intra-day lows against the US dollar as investors awaited the crucial vote on a second Brexit referendum. The GBP/USD currency pair yesterday rallied to multi-month highs after UK leaders voted to take a no-deal scenario off the table. The GBP/USD currency pair today dropped from an intra-day high of 1.3329 to a low of 1.3207 before retracing some of its losses. The pair headed lower shortly after yesterday’s […]

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March 14
2019

EUR/USD Ends Its Four-Day Rally

EUR/USD declined today, ending its four-day rally. There were several possible reasons for that. Some analysts named German inflation, which missed expectations, as one of them. But surprisingly, the currency pair actually rose after the release, not fell. Other reasons named by market analysts were concerns about the Brexit and somewhat weak Chinese macroeconomic indicators. As for US macro reports: Both import and export prices rose […]

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