Foreign exchange market news – euro recovers despite dovish ecb comments – tranzfers
GBP/USD pulled back above 1.23 yesterday as a lack of concise policies from President-Elect Trump continues to weigh on the dollar. European stock market futures Speaking at the World Economic Forum in Davos yesterday, Prime Minister May reiterated her commitment to negotiate a free trade agreement with the EU and thus giving maximum access to the single market. Love quotes for boyfriend She also continued to affirm the government’s commitment to making the UK a hub for Free trade with other countries around the world. Fraction operations As such Sterling found renewed support while uncertainty ahead of Donald Trump’s inauguration saw cable hit an intra-day high of 1.2370. Cnn pre stock market futures Geopolitical factors continue to be the main driving force behind currency moves and this was further highlighted yesterday afternoon. Free format converter Markets saw improved US Housing Starts, Jobless claims, and Philadelphia Fed Manufacturing Survey reading but this did little to bolster the Greenback.
Today markets will mainly be focused on incoming president Trump”s inauguration speech however the release of UK Retail Sales numbers for December could provide some early trading volatility. Binary to words Investors will be hoping that recent increases in wages and shop prices will translate to a strong sales report.
The Euro initially traded lower following dovish comments from the European Central Bank’s monetary policy statement but ended the day regaining its losses thanks to strong dollar selling. Euro usd converter Unsurprisingly the ECB left monetary policy unchanged, however, ECB president Draghi stated that the central bank could expand its quantitative easing program if the economic outlook worsens.
Fraction calculator online free He also went further advising that ‘risks to the economic outlook remain on the downside’. World market futures live Following the statement EUR/USD pulled from a low of 1.0595 to reach and overnight high of 1.0690, while GBP/EUR briefly broke above 1.16, hitting 1.1610 at a peak. Equity meaning of Overnight, however, has seen some of these gains eaten away.
The Australian dollar moved higher through trade on Thursday supported by a stable labour market report and wider USD positioning. Binary definition Having traded to an overnight high of 0.7200 the past 24 hours has been a largely uninspiring trading window for the Kiwi with investors already sitting on their hands ahead of this evening’s US President Inauguration. Exchange rate aus to us The antipodean currencies enjoyed further gains against their major counterparts as data from China showed increased Retail Sales and annualised Gross Domestic product for December. Inr to usd today YoY retail sales posted 10.9% act vs 10.7% exp while YoY GDP improved from 6.7% to 6.8%.