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Dollar (and, actually, Japanese yen too) showed a major triumph on Forex market today after the Bank of England decided to go down from 5.50% to 5.25% on the main interest rate. And despite, while BoE lowered the rate, ECB held the rate at the same 4.00% value, dollar bulls pushed …
EUR/USD Forex pair was still today again. Some insignificant volatility didn’t even break 15 pips corridor. This day was low on macroeconomic releases, except for major release by the Bank of England — minutes of their latest meeting in June 6 and 7. This publication added …
Bank of England voted to maintain its Bank Rate (interest rate) at 5.50% level — unchanged. It wasn’t a surprise for Forex traders, but there was a slight possibility of interest rate hike from the BoE, so results are more bearish for the pound. From the United States the Initial Jobless Claims…
EUR/USD touched new its new monthly low at 1.3416. That was a very important movement for Euro bears, but the currency pair bounced back up to high 1.3500 very soon and then flattened down to 1.3460 — showing its volatile nature. Nevertheless, mid-term trend for EUR/USD can be seen …