Trading news

Dollar higher on stronger U.S. sentiment

Weekly synopsis

Dollar escalated, amid the stronger retail sales report and consumer sentiment in the U.S., higher versus its main counterparts last Friday.

U.S. dollar index to 94.6

The U.S. dollar index traded to its highest level, since April, to 94.6, rising 0.52%. The index made its second straight weekly gain, ending the week 0.76% higher.

The retail sales were upper than the analysts' predictions for a rise of 0.8%, climbing 1.3% for the month of April, performing the biggest monthly appreciation since 2015.

The GBP/USD traded to 1.4371, falling 0.48%, and the EUR/USD traded to 1.1309, declining 0.55%, as the dollar gained value versus the sterling and the euro.

Euro zone's first quarter growth was lower than the initial estimations of 0.6%, falling 0.5%. The region's yearly growth declined from 1.6% to 1.5%.

Read More

Monday, 16 May, 2016 / 6:40

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


EUR dropped as Covid-19 engulfed Europe

  The focus of traders’ attention shifted from Brexit and the [...]

Posted on Wednesday, 28 Oct, 2020 / 11:27 under

Euro under fire as new lockdowns loom

  Euro on the chopping block ahead of potential French lockdown [...]

Posted on Wednesday, 28 Oct, 2020 / 10:06 under

DAX plummeting after Merkel proposed 1-month lockdown restrictions – DAX 30 Market Outlook – 28/10/2020

The Dax-30 is heading towards a third consecutive daily close in the red, [...]

Posted on Wednesday, 28 Oct, 2020 / 8:47 under