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Asian Session – Euro gets added boost on ECB official’s comments; dollar holds post-FOMC losses

Posted on March 17, 2017 at 8:00 am GMT

The euro was one of the top performing major currencies in the Asian session today after being lifted by comments from a European Central Bank official who hinted at a rate increase. The US dollar remained weak in the wake of the FOMC and is on track to end the week with sharp losses against the yen. The euro rose against the dollar in Asian trading and reached a more-than 5-week high of $1.0781 on hawkish comments from an ECB [..]

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European Session – Sterling jumps on speculation of hike coming sooner; Dollar falls on “dovish” hike

Posted on March 16, 2017 at 4:06 pm GMT

The dollar weakened today as the Federal Reserve disappointed in its forward guidance following the rate hike announcement. The euro initially stood stronger as it was helped by the outcome of Dutch elections, though it didn’t manage to maintain momentum later in the day. Sterling was boosted after the Bank of England meeting, while the day saw the release of numerous economic figures, such as jobless claims out of the US, for traders to digest as well. The dollar index [..]

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Asian Session – Euro gains on positive outcome of Dutch elections; Dollar extends post-FOMC losses; gold rallies

Posted on March 16, 2017 at 8:22 am GMT

The US dollar remained weak against its major counterparts during the Asian session after making big losses on Wednesday despite the Federal Reserve delivering a rate hike. Following a two-day meeting, the Fed announced an increase in its benchmark interest rates by 25 basis points to a range of 0.75% – 1.00%. This was widely expected by the markets so the focus was on the projection for further hikes. It was apparent in the statement issued after the FOMC meeting [..]

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Forex News – Fed raises rates by 0.25%; Dollar slides on not-so-hawkish outlook

Posted on March 15, 2017 at 8:59 pm GMT

The Federal Reserve in the United States raised borrowing costs for the third time since after the financial crisis today at the end of its two-day monetary policy meeting. The Federal Open Market Committee (FOMC) decided to increase the federal funds rate by 25 basis points to a target range of 0.75-1.00%. The hike was the first for 2017 and was only flagged by Fed Chair Janet Yellen as recently as two weeks ago. In the announcement statement, the FOMC [..]

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European Session – Stronger sterling despite weakening wage growth; All eyes on Fed guidance

Posted on March 15, 2017 at 3:46 pm GMT

Today saw the release of important jobs data out of the UK as well as inflation and retail sales data out of the US. Meanwhile, market participants will be closely paying attention to today’s FOMC meeting, as well as developments that have to do with the Dutch elections, which are also taking place today. The dollar was weaker against a basket of currencies during today’s European session trading. It seems that traders are awaiting the outcome of the Fed’s meeting [..]

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Asian Session – Dollar subdued ahead of Fed; oil jumps on inventory decline

Posted on March 15, 2017 at 8:18 am GMT

The US dollar traded in a narrow rage against the yen as investors await the outcome of the Federal Reserve’s two-day policy meeting later today. It is widely expected that the FOMC will announce a rate hike. The euro tumbled against the pound as markets look to the Dutch elections taking place today. Data out of Japan during the Asian session was shrugged off by the markets as today’s risk events are the main focus. Japan’s industrial output fell 0.4% [..]

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Investment Theme – Pound takes a knock from Brexit bill and Scottish referendum call

Posted on March 14, 2017 at 2:37 pm GMT

The British pound became susceptible to Brexit-induced volatility today as investors were unnerved by Scotland’s fresh call for an independence referendum coinciding with Parliament’s approval of the Article 50 bill. The Scottish National Party’s decision to call a second referendum on Scottish independence from the UK on the same day as the Article 50 bill passed through Parliament, was seen as a deliberate move by the SNP to derail the government’s Brexit plans. Prior to the SNP’s surprise but not [..]

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