Friday, 09 February 2018 / Published in Forex Daily News
The U.S. dollar turned higher against other major currencies on Friday, after the U.S. Congress managed to pass a two-year budget agreement, ending a brief government shutdown. The agreement will boost federal spending by almost $300 billion and suspend the debt ceiling for a year. The euro was steady, with EURUSD at 1.2242, while GBPUSD declined 0.86% to 1.3793. Earlier
Thursday, 08 February 2018 / Published in Forex Daily News
The pound rose to the day’s high on Thursday after the Bank of England’s MPC voted unanimously to maintain Bank Rate at 0.5%. GBPUSD was up 0.74% to 1.3977 from around 1.3885 ahead of the announcement. The pound jumped higher after the BoE warned that interest rates could rise faster than investors are currently anticipating. “Were the economy
Wednesday, 07 February 2018 / Published in Forex Daily News
The U.S. dollar was hovering near four-week high against its Canadian counterpart on Wednesday, despite the release of upbeat Canadian housing sector data, as sentiment on the greenback remained broadly positive. USDCAD was up 0.30% at 1.2529, just off the previous session’s almost four-week peak of 1.2567. Statistics Canada reported on Wednesday that building permits rose
Tuesday, 06 February 2018 / Published in Forex Daily News
U.S. S&P 500 futures,the world’s most liquid, tumbled as much as 2.5 percent to 4-month lows in Asian trade on Tuesday as the sell-off triggered by worries about inflation showed no sign of abating, indicating Wall Street could be set for another brutal day. Futures fell to as low as 2,542, the weakest levels since
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