Trading news

U.S. dollar regains bullish momentum

Weekly synopsis

U.S. dollar gained versus its major counterparts last Friday, amid the investors having digested the inflation data in the U.S. while in the meantime awaiting for the FED's policy meeting outcome and the BOJ's latest data release this week.

U.S.'s CPI rises 0.2%

The nation's consumer price index escalated, for the month of August, 0.2% and surpassed the estimations for a 0.1% rise. The core consumer prices appreciated 0.3%, while the core CPI rose, within a period of 12 months through August, 2.3%. The U.S. dollar reached the 96.11 level, indicating 0.9% appreciation for the day, last Friday.

The EUR/USD traded 0.8% higher to 1.1155 while having made a weekly loss of 0.7%. The GBP/USD pair before settling at 1.3001 has traded as low as 1.2998.

The British currency, the sterling, resumes being under pressure, following the Bank of England's monetary policy stabilization last Thursday.

Read More

Monday, 19 Sep, 2016 / 9:29

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/weekly/u.s.-dollar-regains-bullish-momentum

Trading news

 

RBNZ Preview: A Warning For The Rest Of The World?

Given the magnitude of the Great Financial Crisis, it’s understandable [...]

Posted on Tuesday, 13 Apr, 2021 / 1:39 under

Intraday Market Analysis – Testing Daily Support

USDCHF retreats to major support usdchf The US dollar is treading water as [...]

Posted on Tuesday, 13 Apr, 2021 / 1:38 under

Dollar steady, stocks mixed ahead of US inflation data

  Dollar drifts sideways in choppy trading as investors brace for [...]

Posted on Tuesday, 13 Apr, 2021 / 9:29 under