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EUR/USD is holding on to daily gains, has room to extend its advance. The EUR/USD pair peaked at 1.2115, its highest in a week, as the greenback eased alongside US Treasury yields.
EUR/USD Current Price: 1.1310 * EU Sentix Investor Confidence plunged to -18.2 in July, missing the market's expectations. * The US ISM Non-Manufacturing PMI jumped to 57.1 in June from 45.4 in ...
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Conversely, USD appreciation raises interest rates, making borrowing more expensive and reducing the flow of foreign direct investment to these countries. [10] Because most commodities are traded in U.S. dollars globally, a drop in the dollar's value often results in higher commodity prices in the local currencies of developing countries.
Large upwards revision of budget deficit forecasts were not limited to Greece: for example, in the United States forecast for the 2009 budget deficit was raised from $407 billion projected in the 2009 fiscal year budget, to $1.4 trillion, while in the United Kingdom there was a final forecast more than 4 times higher than the original.
The US will publish minor figures,EUR/USD Short-Term Technical Outlook The EUR/USD pair bottomed for the day at 1.1267, a few pips above the 23.6% retracement of its latest bullish run at 1.1260.
The index is available in several currency (EUR, USD, CAD, GBP, JPY) and return (Price, Net Return, Gross Return) variant combinations. Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type, while the CAD, GBP and JPY variants are available as end-of-day calculation only (18:00 ...
EUR/USD Current Price: 1.0838 * US GDP expected to have contracted by 4.0% in the three months to March. * Risk-appetite led the first half of the day, eased after disappointing US data. * EUR/USD ...