EUR/USD was rising on the dovish hike from the Fed (see the 5 dollar downers). And then. the pair extended its gain in the aftermath of the Dutch elections where mainstream parties beat the extreme ones. And after a period of consolidation, we hear some hawkish sounds from the European Central Bank. Peter Praet, usually [...]
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A big bulk of US releases does little to alleviate the pressure that greenback faces since the Fed made its “dovish hike”. See 5 reasons for the dollar drop after the hike. US jobless claims ticked down to 241K, within expectations. Housing starts are up 3% to 1.288, above predictions. But permits are down 6.2% [...]
The post Mixed US data does not help the dollar appeared first on Forex Crunch.
The Bank of England was expected to leave the interest rate unchanged at 0.25% and the QE program at 435 billion pounds, unchanged since the BOE reacted to Brexit back in August. The focus is on the meeting minutes, released simultaneously with the decision. A unanimous vote is on the cards, with 9, including Governor [...]
The post BOE sees one hawkish dissenter – GBP rises appeared first on Forex Crunch.
The Federal Reserve raised interest rates as clearly telegraphed but did not alter any of its forecasts. Here are 5 reasons for the fall of the dollar. The initial drop was followed by some consolidation in the Asian session. But now, at the wake of the European session, the greenback comes under fresh selling pressure. [...]
The post USD still weak in the morning after – updates on 7 currencies appeared first on Forex Crunch.
Australia saw a loss of 6.4K jobs in February, significantly worse than a gain of 16.3K expected and after a rise of 13.5K in January. The shortfall was compounded by an increase in the unemployment rate: from 5.7% to 5.9%. Not all the details are terrible: full-time jobs were gained while part-time positions were lost. The [...]
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