TTCM
Tuesday, 15 May 2018 / Published in Forex Daily News
The U.S. dollar rose to the best levels of the day on Tuesday, nearing last week’s four-and-a-half month highs after a slightly stronger than expected U.S. retail sales report. The Commerce Department reported that while retail sales rose 0.3% in April the prior months figure was revised up to 0.8% from a previously reported 0.6%. Core retail sales rose 0.3% last
TTCM
Monday, 14 May 2018 / Published in Forex Daily News
The dollar extended losses against a basket of the other major currencies on Monday falling to the day’s lows, helping the euro recover from recent multi-month lows. The Fed raised rates in March and projected two more rate hikes this year, although many investors had seen three hikes as possible. Earlier Monday, Cleveland Fed head Loretta
TTCM
Tuesday, 01 May 2018 / Published in Forex Daily News
The dollar rose to the highs of the year against a currency basket on Today as investors awaited a Federal Reserve policy meeting that is expected to point to another two or possibly even three rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was
TTCM
Thursday, 15 March 2018 / Published in Forex Daily News
The dollar was pinned near one-week lows against a basket of the other major currencies on Thursday as concerns over trade protectionism and political turmoil in Washington continued to weigh. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was almost unchanged at 89.73 by 04:01 08:01 GMT, not far from
TTCM
Wednesday, 14 March 2018 / Published in Forex Daily News
The dollar pushed higher against the other major currencies on today, but gains were checked by tepid inflation data and concerns over political instability in the wake of the sudden firing of U.S. Secretary of State Rex Tillerson. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up
TTCM
Tuesday, 13 March 2018 / Published in Forex Daily News
The dollar moved higher against a basket of the other major currencies on Today as investors looked ahead to U.S. inflation data later in the day which could offer insights into the pace of rate hikes by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six
TTCM
Friday, 09 March 2018 / Published in Forex Daily News
The U.S. dollar continued to trade at one-week highs against other major currencies on Friday, as upbeat U.S. employment data added to optimism over the strength of the economy. Official data showed that the U.S. economy added 313,000 jobs in February, beating expectations for 313,000. However, the unemployment rate held steady at 4.1%, missing expectations for a further
TTCM
Thursday, 08 March 2018 / Published in Forex Daily News
The euro reversed gains on Thursday after European Central Bank President Mario Draghi downplayed a decision to drop a pledge to expand its quantitative easing program from its rate statement. EURUSD was at 1.2393 after initially rising to a high of 1.2446. The euro initially rose after the ECB dropped a pledge to extend its stimulus program if
TTCM
Tuesday, 06 March 2018 / Published in Forex Daily News
The dollar fell against a basket of the other major currencies on Tuesday, following reports that North and South Korea have agreed to hold a summit next month, in a sign of easing tensions on the peninsula. The prospect of tensions easing between North Korea and South Korea, and with the U.S. bolstered risk appetite.
TTCM
Monday, 26 February 2018 / Published in Forex Daily News
The U.S. dollar eased back from earlier losses but remained broadly lower against other major currencies on Monday. The greenback was lower ahead of Fed Chair Jerome Powell’s first Congressional testimony on Tuesday and Thursday. Investors will be listening closely to his views on the state of the economy and any clues about interest rates