How EUR/USD Struggles to Prolong Rally Ahead of Yellen’s Speech

EUR/USD was trying to prolong yesterday’s rally but had problems with doing so as economic data released today from the United States was rather awesome. Now, traders twisted their concentration to the upcoming speech of Federal Reserve’s chief Janet Yellen as her remarks may change the point of view for the dollar. S&P/Case-Shiller home price index had a rise by 5.7% in January (year-on-year), exactly as predictors had predicted and nearly at the same rate as in December (5.6%). Month-on-month,…

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Learn How US Economic Data helps Dollar Gain on Euro.

The US economic data reports released recently were incredibly awesome. They were above expectations and this led to a rally of the dollar. On the other hand, the euro went down as the traders were eagerly waiting for the monetary policy decision of the European Central Bank. Generally, the US economic data asserts that the…

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How Poor US Economic Data Doesn’t Affect EUR/USD

Together, the USD (U.S Dollar), and the EUR (Euro) form the “most-traded) pairs of currency all over the world. Recently, data was released from Macroeconomic in the United States and it showed weak results, however, this didn’t hinder the Dollar from ranking as the highest against Euro since 1 February this year. A reason for…

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