Greenback regains some ground

23 September, 2016

On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision.

The currency pair EUR/USD dropped 0.08%, trading at 1.1198.

The US dollar had sagged broadly after on Wednesday, the Fed made up its mind to leave interest rates intact and dropped a hint at a less aggressive hike in interest rates in 2017 and 2018.

However, the American major bank indicated that it could tighten monetary policy before the end of 2016 if the job market keeps improving.

The greenback gained some support after on Thursday, the US Department of Labor announced that initial jobless claims edged down by 8,000 the previous week to 252,000, which is the lowest outcome since July.

The currency pair GBP/USD slumped 0.28%, trading at 1.3038.

Meanwhile, USD/JPY ascended 0.17%, hitting 100.92, thus easing off Thursday’s one-month minimum of 100.06.


Source link  
Gold goes down on trade agreement

On the Comex exchange, June delivery gold futures headed south by about 0.7% concluding the trading session at $1,275.15 an ounce...

Dollar rallies on Powell's remarks

On Wednesday, the evergreen buck ascended in Asia after Fed Chair Jerome Powell came up with a positive assessment of the American economy...

The yellow metal stands still

The postponed US-China summit as well as weaker estimates for the EU are playing into a decelerating global surge narrative, which could...


Dollar surges versus counterparts

The evergreen buck was held back from dismal American services data, notwithstanding experts reaffirming the services sector was still firm...

Gold surges a bit

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank...

Gold stands still waiting for comments

On Thursday, gold was intact due to the fact that market participants waited for comments from Fed Chair Jerome Powell in the face of hopes that the head...


Gold reaches 6-month maximum

The yellow metal's objective for $1,300 is still intact, although gold bugs don't seem to hurry to get there, expecting equity markets to dive for the next big move up...

Dollar dips to four-month minimum

The evergreen buck slumped 0.4% being worth 108.81 yen, having dropped to 108.33 yen on Tuesday, which is its lowest outcome since mid-April...

Japanese GDP

Japan will release the first estimate of its GDP in the second quarter at 02:50 MT time on August 14. The recent economic news from Japan was rather positive. In the first three months of 2017...

  


Share it on:   or