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USD Recovers and Markets Await Draghi Speech USD Recovers and Markets Await Draghi Speech

29th May 2017
The Greenback recovered vs. a basket of currencies as US GDP growth revised up to 1.2% in Q1 from 0.9%.

Oil Price Tumbles Despite Deal to Extend Output Cut Oil Price Tumbles Despite Deal to Extend Output Cut

26th May 2017
Oil prices fell as much as 5% yesterday after OPEC and other major exporters including Russia extended their current agreement to reduce oil production for 9 months, leading to traders disappointment who were expecting deeper cuts.

Dollar Declines after Fed. Holds Rate Dollar Declines after Fed. Holds Rate

25th May 2017
The U.S. dollar failed to manage its gains and declined yesterday, as the Federal Reserve’s last policy meeting showed that Fed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory.

USD Recovers and Markets Await FOMC Minutes USD Recovers and Markets Await FOMC Minutes

24th May 2017
The U.S. dollar recovered slightly against most major pairs yesterday. Meanwhile, markets are awaiting minutes from May’s FOMC policy meeting, which will be released later today.

Euro Hit Fresh Six-Month High and USD Declines Euro Hit Fresh Six-Month High and USD Declines

23rd May 2017
The U.S. dollar fell yesterday vs. a basket of major currencies for the second week in a row, negatively affected by the U.S. political uncertainty and as weak U.S. economic growth. 

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