Following Dudley’s hawkish comments, the conviction for EUR/USD parity strengthens amid the ranks of BTMU: Here is their view, courtesy of eFXnews: Now it’s over the Fed and with the financial markets increasingly pricing in the probability of a rate hike in March, there is certainly a much greater chance that Yellen’s speech on Friday … “EUR/USD Parity Call In Place; USD: March FOMC Hike”
Month: March 2017
USD/CAD Rallies on Positive US ISM Manufacturing Data and BoC Announcement
The USD/CAD currency pair rallied higher today after the Bank of Canada today announced that it would be maintaining interest rates at the same level. The currency pair’s rally was also largely triggered by the greenback’s solid performance after the release of the US ISM Manufacturing PMI data, which beat expectations. The currency pair had gained over 50 points from its daily low prior to the two announcements, which … “USD/CAD Rallies on Positive US ISM Manufacturing Data and BoC Announcement”
US Dollar Jumps Against All Major Peers Following Trump Address to Congress
The US dollar surged against a basket of its major peers on Wednesday, after Donald Trump spoke in Congress earlier today about a number of anticipated issues, including US tax reform, foreign trade, and deregulation. The highly awaited speech lowered investorsâ concerns, as the US president said that he supports free trade as long as it remains fair. He also added that a tax reform is being developed by his … “US Dollar Jumps Against All Major Peers Following Trump Address to Congress”
Economic Data from Australia & China Helps Aussie
The Australian dollar rallied against other currencies during the current trading session with the help of good macroeconomic reports from Australia and its biggest trading partner, China. The exception was the US dollar, against which the Aussie rallied initially but retreated to trade close to the opening level later. Australia’s gross domestic product rose 1.1% (seasonally adjusted) in the December quarter of 2016 from the previous three months. It was … “Economic Data from Australia & China Helps Aussie”
Market Sentiment Turns Positive After Trump’s Speech, Yen Takes Hit
The Japanese yen fell against its most-traded rivals during the Wednesday’s trading session as the market sentiment was positive following the first speech of US President Donald Trump to the Congress. Truth be told, Trump’s speech lacked details about his plans for bolstering the US economy, exactly as market participants had feared. Yet apparently his uncharacteristically calm and reasonable language as well as absence of any outrageous statements were enough … “Market Sentiment Turns Positive After Trump’s Speech, Yen Takes Hit”