General weakening of the US dollar
Asian and European trading session:
New-Zealand Dollar: The New-Zealand dollar reached its 5-months maximum against the US dollar after the results of the New-Zealand state bonds auction publication, when government managed to raise funds in the amount of $556 million.
Australian Dollar: Australian dollar rate managed to rehabilitate on Thursday, due to the Asian stock markets growth.
Euro: Euro demonstrated growth against the US dollar during the Asian trading session, due to the speculations regarding the further increase of the principal interest rate by the ECB in a faster pace, compared to the FRS interest rate decisions. As a result, the EUR/USD reached maximums above the $1.4500 level.
European trading session changed the euro dynamics. Concerns over the budget problems of Greece and Ireland pressured the euro. EUR/USD minimums were set at the $1.4362 mark.
US Dollar: Thursday saw a general weakening of the US dollar.
British Pound: The GBP/USD pair showed minimums at the level of $1.6285, and then grew for 100 basic points.
Japanese Yen: The USD/JPY pair reached minimum at the Y83.16 level.
Oil: Decrease of the US oil supply resulted in the oil prices growth. Oil rate increased to the $107.33 level per barrel.
American trading session:
US Dollar: Negative US fundamentals could not render any support to the greenback. The released producer price index dropped below expectations. Initial jobless claims volume grew above forecasts. Therefore, the EUR/USD managed to grow and closed the trading day at the level of $1.4500.
https://forex-metal.com/news_posts
Asian and European trading session:
New-Zealand Dollar: The New-Zealand dollar reached its 5-months maximum against the US dollar after the results of the New-Zealand state bonds auction publication, when government managed to raise funds in the amount of $556 million.
Australian Dollar: Australian dollar rate managed to rehabilitate on Thursday, due to the Asian stock markets growth.
Euro: Euro demonstrated growth against the US dollar during the Asian trading session, due to the speculations regarding the further increase of the principal interest rate by the ECB in a faster pace, compared to the FRS interest rate decisions. As a result, the EUR/USD reached maximums above the $1.4500 level.
European trading session changed the euro dynamics. Concerns over the budget problems of Greece and Ireland pressured the euro. EUR/USD minimums were set at the $1.4362 mark.
US Dollar: Thursday saw a general weakening of the US dollar.
British Pound: The GBP/USD pair showed minimums at the level of $1.6285, and then grew for 100 basic points.
Japanese Yen: The USD/JPY pair reached minimum at the Y83.16 level.
Oil: Decrease of the US oil supply resulted in the oil prices growth. Oil rate increased to the $107.33 level per barrel.
American trading session:
US Dollar: Negative US fundamentals could not render any support to the greenback. The released producer price index dropped below expectations. Initial jobless claims volume grew above forecasts. Therefore, the EUR/USD managed to grow and closed the trading day at the level of $1.4500.
https://forex-metal.com/news_posts