17th February 2017
On Thursday, the Greenback fell vs. a basket of major currencies for the second day in a row. However, the Philadelphia Manufacturing Index rose in February to 43.3 from 23.6 in January, the highest in 33-year’s.
16th February 2017
On Wednesday, the Greenback declined slightly, despite the U.S. consumer prices recording their biggest increase in nearly four years in January. Rising consumer price index has increased optimism among investors, a day after Yellen’s testimony, as she kept the chance alive for a rate hike in March. The U.S. dollar index fell slightly to 100 pips.
Please find below the trading hours for the upcoming US Presidents' Day holiday.
15th Feb 2017
The U.S. dollar rose yesterday on Yellen’s testimony as she kept alive the chance of a rate hike in March, although she also heightened uncertainty surrounding the U.S. economic policy under the new Trump administration.
14th Feb 2017
On Monday, the U.S. dollar rose vs. a basket of major currencies amid optimism over Trump's phenomenal tax plan. Today, markets are awaiting Federal Reserve chair Janet Yellen's semi-annual testimony before Congress, which will be her first congressional testimony during the term of Donald Trump's presidency.