Friday, 08 June 2018 / Published in Forex Daily News
Japan’s GDP was weaker than expected The dollar rebounded in the morning trade in Asia on Friday, although it was still hovering near three-week lows after sliding in the past few days. Geopolitical tensions continued to warm in East Asia, as U.S. President Donald Trump said he may sign an agreement to officially end the Korean War
Thursday, 07 June 2018 / Published in Forex Daily News
The Euro was boosted after the ECB’s chief economist said that officials are increasingly confident that inflation is rising to the target of the bank. The euro extended early gains on Today, rising to a three-week high boosted by expecta-tions that the European Central Bank will soon start to unwind its monetary stimulus pro-gram. EURUSD
Wednesday, 06 June 2018 / Published in Daily Morning Report
The dollar fell below the 94 level in morning trade The dollar fell below the 94 level in morning trade on Wednesday, while its Australian counterpart got a lift from upbeat growth data that beat expectation. The AUDUSD pair gained 0.47% to 0.7652. The Aussie was supported by Australia’s GDP growth figure, which rose 1% on the quarter in 2018’s
The euro reversed gains on Wednesday
Monday, 04 June 2018 / Published in Forex Daily News
Traders have no concerns over escalating global trade tensions as the political situation in the euro-zone area is improved. The euro pared gains against the dollar on today but remained supported above the $1.17 level as signs of strength in the U.S. economy offset concerns over escalating trade frictions and political tensions in Italy. EURUSD
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