Trading news

Euro trades lower amid ECB's policy release

Euro trades near its three-year low versus the Japanese yen, amid the ECB's decision to cease implementing any changes to its policy mix.

The U.S. dollar fell against the yen to a two-week low as the investors remain cautious and conservative.

Euro and dollar trade at 1.1156

The U.S. economy, as per the market consensus, may have added 164,000 jobs in May, almost unchanged compared to April's figures.

According to Sumitomo Mitsui Trust Bank strategist, Ayako Sera, the traders and the investors should wait before going long either on the yen or the dollar.

The U.S. dollar declined to 108.57 yen, falling 0.3%, and recorded a weekly loss of 1.6%. The U.S. dollar index traded 0.1% lower at 95.49.

Furthermore, the majority of the traders and the investors did not expect that the FED would increase rates in June as Janet Yellen brought the matter back to the meeting agenda.

Yesterday, the euro region's currency, after diving to 121.06 yen, stabilized at 121.15, being 1.1% lower for the week.

Moreover, the euro traded at 1.1156 versus the U.S. dollar, stabilizing above Monday's 1.1097 level.

Read More

Friday, 03 Jun, 2016 / 8:42

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

Source : https://www.argusfx.com/en/research-education/market-analysis/news/euro-trades-lower-amid-ecb-s-policy-release

Trading news

 

US Ends Waivers on Iranian Oil, Spotlight Turns to Australia’s CPIs

Oil prices surged yesterday, following reports that the US was ready to end [...]

Posted on Tuesday, 23 Apr, 2019 / 7:53 under

ATFX Market Update - 2019.04.23

ATFX-A Global Leader in Online Trading ATFX Market Outlook, 2019 April 23 [...]

Posted on Tuesday, 23 Apr, 2019 / 7:02 under

EURJPY April 23, 2019 Weekly Analysis

The EUR/JPY recovered from the lows and has reached the 126.10 level. If the [...]

Posted on Tuesday, 23 Apr, 2019 / 6:58 under