Possible delay in the US tax reform sent the dollar to a weekly bottom

November 9, 2017 1:02 pmComments Off on Possible delay in the US tax reform sent the dollar to a weekly bottom
Possible delay in the US tax reform sent the dollar to a weekly bottom

The possible delay in the US tax reform sent the dollar to a weekly bottom against the Japanese yen. The speech of the Republican Paul Ryan in the Senate’s House of Representatives has left many loopholes for slowing the enormous tax reform, predicting a nearly double reduction in corporate tax. The dollar declined by 0.14% against the yen and reached 113.84 JPY per USD, marking a session bottom of about […]

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US dollar rose after increasing investors’ expectations for tightening of monetary policy

November 8, 2017 1:34 pmComments Off on US dollar rose after increasing investors’ expectations for tightening of monetary policy
US dollar rose after increasing investors’ expectations for tightening of monetary policy

The US dollar rose on Tuesday, supported by the investors’ expectations that the divergence in the monetary policy of the Federal Reserve and the European Central Bank will continue to expand. The US dollar index, measuring the change of green money against the basket of six major currencies, rose by 0.15% to 94.89 points. Among the market participants, there was a stronger focus on divergence in Fed’s monetary policies and […]

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British pound supported by the optimism about Brexit

October 24, 2017 1:12 pmComments Off on British pound supported by the optimism about Brexit
British pound supported by the optimism about Brexit

The British pound was supported by the optimism about Brexit expressed by the Prime Minister Theresa May. The GBP rose to against the USD to 1.3200, while against the EUR accelerated by 0.25%. Earlier the UK Prime Minister Theresa May said that she was ambitious and positive about the future of the country and that the current Brexit talks have been conducted in a constructive tone. The market participants seem […]

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Japanese yen reacts strongly to the local parliamentary elections

October 23, 2017 9:54 amComments Off on Japanese yen reacts strongly to the local parliamentary elections
Japanese yen reacts strongly to the local parliamentary elections

Japanese yen reacts strongly to the parliamentary elections and the victory of Prime Minister Shinzo Abe. The pair EUR/JPY increases in a relatively even channel, as the upward trend continued during the whole trading session. In the early hours of the Asian session today, the local currency started declining against the all other major currencies, including the US dollar. The ruling coalition in Japan of the Prime Minister Shinzo Abe […]

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New Zealand dollar collapsed against major currencies

October 20, 2017 11:35 pmComments Off on New Zealand dollar collapsed against major currencies
New Zealand dollar collapsed against major currencies

The New Zealand dollar collapsed against major currencies due to political tension in the country. Today became clear that the leader of the Labor Party, Jacinda Ardern, will form a cabinet with the support of the nationalist party. On the parliamentary elections on September 23, none of the leading political forces managed to win a convincing victory, putting the two major parties in the country ahead of difficult negotiations to […]

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