The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which…
Posts published in March 2017
GBP/USD Declines After Release of Positive US Economic Data
March 28, 2017
The GBP/USD currency pair declined significantly today after the release of positive advance goods trade balance and consumer confidence data from the US docket. The currency pair was also affected by the weaker British…
Canadian Dollar Climbs Against US Counterpart amid Uncertainty Surrounding Trump Plans
March 27, 2017
The Canadian dollar edged higher against its US counterpart on Monday, as investors became uncertain about the future of Donald Trumpâs economic agenda. A healthcare bill that aimed to dismantle and replace Obamacare…
The GBP/USD currency pair rallied higher today as markets anticipate the triggering of Article 50 on Wednesday by the UK Prime Minister, Theresa May. The British pound rallied higher boosted by the positive economic data released…
Yen Climbs Following Trump’s Failure to Dismantle Obamacare
March 27, 2017
The Japanese yen gained today, rallying to the highest level since November against the US dollar, after US President Donald Trump failed to push his health care bill. Meanwhile, the Bank…
US Dollar Weak as Trump Fails to Repeal Obamacare
March 27, 2017
The US dollar was broadly weak during Monday’s trading session after US President Donald Trump suffered a major defeat on Friday, failing to dismantle the Obamacare. The greenback was trading near…
The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated…
The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also…
Japanese Yen Soft Against Euro & Swiss Franc
March 24, 2017
The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from…
New Zealand Dollar Falls for Fourth Day Against Yen
March 24, 2017
The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations. The trade balance released…