The pair EUR/USD decreased at the end of the last week amid the commodity market sales and the pair EUR/GBP quotations decrease. The pair GBP/USD was traded in a narrow range. Earlier the pair decreased amid the US jobless claims moderately positive statistics as well as the US and the UK bond yields increase.
The pair USD/JPY has finished the trading day in the "green zone". Demand for the "risky assets" still supports bulls.
The US dollar is also going through hard times. Last week the Fed chairman Janet Yellen hinted that the rate hike would be this year. However, the specifics in terms of the rate hike possible timing traders still have not received. As a result, the statement impact on the dollar was minimal.
January 20, 2017 The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017 A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017 Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...
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