Posts published in September 2017

Euro Declines Against US Dollar on Positive US Data

The euro today declined against the US dollar on the back of positive US macro data including the durable goods orders and the weak MBA mortgage applications data. The euro was weighed down by the political…

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Euro Falls for Second Day After German Election

The euro fell today, retreating for the second day in a row, as the inconclusive outcome of the German federal election over the weekend led to political uncertainty in Europe. Christian Democratic Union party of German Chancellor Angela…

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Euro Fails to Profit from Positive PMI Readings

The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening…

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