The euro today declined against the US dollar despite the release of positive German CPI data as the US dollar rallied higher. The EUR/USD currency pair decline was further exacerbated by the release of positive…
Posts published in June 2017
The euro rallied today even as officials from the European Central Bank tried to downplay yesterday’s comments from Mario Draghi, which markets considered to be hawkish. The currency fell against the US…
Canadian Dollar Jumps as Poloz Shows Hawkish Bias
June 28, 2017
The Canadian dollar surged more than 1% against its most-traded counterparts today after the Bank of Canada chief demonstrated hawkish bias, adding to speculations that the central bank may consider…
The US dollar edged slightly lower against the euro on Wednesday, as fresh economic data in the United States painted a mixed image of the economy a single day ahead of gross domestic product data. An index…
The British pound surged against most of its major peers on Wednesday, reaching the highest level against the US dollar since June 8. The British currency rose following bullish comments from…
The US dollar plummeted against the euro to the lowest level since August 2016, despite a strong reading for consumer confidence that was published earlier today. Tradersâ appetite for the greenback deteriorated in the wake…
Canadian Dollar Mixed During Tuesday’s Trading
June 27, 2017
The Canadian dollar was mixed today, rising versus the US dollar and the Japanese yen, but falling against the euro and the Swiss franc. The loonie got some support from the rising crude oil…
The euro surged against the US dollar and the British pound following comments from European Central Bank President Mario Draghi earlier today. Draghiâs remarks reflected a bullish assessment of the recovery in the European…
The British pound today rallied higher against the US dollar even after the Bank of England Governor Mark Carney took a slightly dovish tone in his speech. The US dollar was largely…
NZ Dollar Rallies on Trade Data, Loses Gains Later
June 27, 2017
The New Zealand dollar rallied today following the release of trade data. By now, the currency has almost lost all of its gains and erased them completely against the euro. The New Zealand trade…