The EUR/USD currency pair today rallied to new 4-month highs as the positive investor sentiment towards the single currency was carried over from 2017. The euro’s rally was also boosted by the in-line Eurozone PMI data released by Markit Economics early in the European session. The EUR/USD currency pair today rallied by over 70 points from a daily low of 1.2006 hit in the Asian session to a high of 1.2080 in the mid-European session. The currency pair … “EUR/USD Rallies to 4-Month Highs on First Trading Day of 2018”
Month: January 2018
AUD/USD Gains After Caixin China Manufacturing PMI
The Australian dollar rallied on the first trading day of 2018 thanks to positive economic data from China. But while the currency managed to hold onto gains versus its US counterpart, the Aussie retreated against other rivals. The Caixin China General Manufacturing PMI rose from 50.8 in November to 51.1 in December. That was a noticeably better reading than 50.7 predicted by analysts. China is Australia’s biggest trading partner, … “AUD/USD Gains After Caixin China Manufacturing PMI”
Thanks Ireland: The Amicable Divorce
We all know that politics makes strange bedfellows, but in the case of Britain negotiating with EU over Brexit, those bedfellows could be no stranger. After months of stalled talks, Britain’s Theresa May and EU President Jean-Claude Juncker may have pulled a rabbit out of the hat. For what seemed a lifetime, the two sides … “Thanks Ireland: The Amicable Divorce”