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Thread: USD

  1. #71
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    Market Mixed after president-elect's presser

    Forex markets were mixed on Thursday, as investors sought signals that would provide clarity on President-elect Donald Trump's fiscal policy, including details on proposed tax cuts and infrastructure spending.

    The euro/dollar pairing was up today at 1.0621, up 0.39%.

    The dollar/yen pair was down to 114.56, a decline of 0.72%.

    The pound/dollar pairing was also down to 1.2173, a slip of 0.35%.

    The price of gold also slipped to $1195.60, down 0.08%.

    Silver prices also declined too to $16.80, down 0.17%.

    Forex markets were also reeling from the downturn in the Mexican market, as the peso yesterday went to record lows, on growing concerns over President-elect Trump's now confirmed plans to build a wall to protect the U.S. from the influx of illegal aliens from Mexico, as well as to renegotiate NAFTA, and ensure more manufacturing jobs stay in the U.S., rather than flee overseas.



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    Mirza
    PCM Brokers
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  2. #72
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    Dollar gain on Wednesday

    The dollar gains as Forex traders purchased the greenback after five straight days of selling that put its value against a basket of major currencies at the lowest in more than a month.

    The rebound followed a volatile Tuesday during which sterling rose more than 3 percent for its best showing against the dollar since at least 1998. Currency markets Wednesday reversed most of the previous day's moves.

    The pound pulled back 0.95%. The dollar index, which measures it against a basket of six major peers, stood at 100.88, up 0.55%.

    The EUR/USD and the USD/JPY and the GBP/USD were all down against the dollar for the day.

    The dollar had surged at the end of 2016 on expectations that fiscal stimulus proposed by U.S. President-elect Donald Trump would propel growth and inspire inflation and justify planned U.S. interest rate increases. But the greenback has slipped more than 2% during the last two weeks.

    Trump in an interview with cable TV earlier broadcast earlier today said he would continue to make comments via Twitter, when he assumes office on Friday.


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    Mirza
    PCM Brokers
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