Friday, March 9, 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
Thursday, March 8, 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
Tuesday, March 6, 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.
Monday, February 26, 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
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