The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016. The political repercussions of a controversy that began when US President Donald Trump fired Federal Bureau of Investigation Director James … “US Dollar Weakens as Traders Remain Concerned About Political Instability”
Month: May 2017
EUR/USD Rallies Higher on Angela Merkel’s Comments
The EUR/USD currency pair today rallied higher during the European session after German Chancellor, Angela Merkel, blamed the euro’s weakness on the European Central Bank. The lack of economic releases from both the US and the European dockets made the currency pair especially sensitive to Merkel’s comments. The currency pair rallied to a daily high of 1.1262, a level it hit last on November 9. The pair gained over 90 points at the height of its mid-European … “EUR/USD Rallies Higher on Angela Merkel’s Comments”
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Here at Forex Crunch, we are conducting a survey to better understand our readers and to explore future options. We would like to ask you, the reader, to participate and influence the next phases in the site. So, here is the survey. Please complete the survey even if you do not answer all the questions in … “Forex Crunch Survey – Please Participate”
![AUD/USD: balance tilted to the downside [Video]](https://investinearth.org/wp-content/uploads/2017/05/Fotolia_27144918_S-351x185.jpg)
AUD/USD: balance tilted to the downside [Video]
The Australian dollar moved with iron ore prices, and this meant a downfall. The pair has more room to the downside, but not necessarily on commodity prices. We focus on housing issues in the land down under and also discuss other topics related to this pair. AUD/USD is our currency of the week: Get the … “AUD/USD: balance tilted to the downside [Video]”
US Politics Lead to Awful Week for Dollar
The US dollar has ended the week as the weakest major currency as controversies surrounding US President Donald Trump erased the appeal of the currency to investors, driving the greenback to the lowest level since he became a president. During the presidential elections, Trump made many ambitious promises, like extensive tax cuts, that were well-liked by markets. Yet all the controversies surrounding the President made market participants question his ability to fulfill his … “US Politics Lead to Awful Week for Dollar”
USD: What To Expect From Next Week’s FOMC Minutes? –
The Federal Reserve releases its minutes from the May meeting. At the time, Yellen and her relatively sanguine about the economic downturn and saw it as transitory. What can we expect from the minutes? Here is their view, courtesy of eFXnews: The focus of USD investors will be on next week’s FOMC minutes from the May … “USD: What To Expect From Next Week’s FOMC Minutes? –”
USD: Biggest One Week Loss Since Nov; What’s The Trade?
The US dollar certainly suffered from the revelations about Trump’s alleged intervention with the FBI investigation. What’s next? Here is their view, courtesy of eFXnews: TD Research notes that the USD is set to post its biggest one-week loss since November amid a rise in political uncertainty and the associated risks to economic growth and … “USD: Biggest One Week Loss Since Nov; What’s The Trade?”
USD/JPY Declines to New Lows on Broad US Dollar Sell-Off and Dovish Fed Comments
The USD/JPY currency pair posted a minor recovery from yesterday’s losses during the Asian session, but these gains were quickly reversed during the early North American session. The pair seemed to recover briefly as the uncertainty around Donald Trump‘s presidency waned slightly, but went ahead to establish a sideways trend as the selling pressure on the greenback increased after James Bullard‘s dovish comments. Although the currency pair has been trading in a range … “USD/JPY Declines to New Lows on Broad US Dollar Sell-Off and Dovish Fed Comments”
US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory
The US dollar plummeted against the euro on Friday to touch its weakest level since Donald Trump won the US presidential election in November 2016. The greenback had a bad week as traders became worried that the president may face strong political resistance to his economic agenda following the aftermath of his sudden termination of Federal Bureau of Investigation Director James Comey. During his presidential campaign, Trump made a number of promises that proved … “US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory”