Greenback bulls are in control The Federal Reserve Chair Janet Yellen told Congressional leaders on Wednesday in her final scheduled testimony on Capitol Hill that amongst a strengthened global recovery, the U.S. economy has assembled steam this year and will sanction continued interest rate increases. Janet Yellen stated in her last session before the Joint […]

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Aussie finds the currency lower Along with the Congressional Budget Office, the Joint Committee serves as an official scorekeeper for Congress in assessing the possible influence of unresolved legislation. On the other hand, the committee on taxation has made it transparent that it awaits a dynamic Fed response. Beside the official “score” of the economic […]

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Dollar looks for correction On track for losses against the most rivals in a holiday-shortened week, the dollar rolled in a thin trading today as it remained under pressure on the Federal Reserve’s cautious sight on low U.S. inflation. As few policymakers perturbed about the headstrong weak inflation, the Federal Reserve’s during latest policy meeting […]

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Gold hits resistance Today, the U.S. dollar traded strongly lower against all of the major currencies as the investors abandoned the greenback in pre-holiday trade. In the beginning, there seemed to be no rhyme or reason for the move but at least 3 factors influenced the weakness. The U.S. dollar began the NY session on […]

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Aussie dollar strengthens The Westpac-Melbourne Institute Leading Index denotes the likely pace of economic activity. Bill Evans, Westpac’s Chief Economist, mentioned “This is the first above trend reading on momentum since mid-year and suggests some of the headwinds to growth evident earlier in the year have eased. That said, the signal still looks fragile in […]

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DOLLAR turns positive Incoming data shows the US economy preserves momentum as 2017 comes to a close and clearing the way for the Fed to increase the rates in December. However, the inflation remains on the soft side and continues to make some FOMC members nervous. While the agreement looks to set up lessen those […]

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Euro declines against dollar The Federal Reserve’s progress to keep increasing interest rates could soon break into its own making low long-term borrowing costs that indicate anticipations for weak economic growth and inadequate investment returns for the predictable future. The low-key economic recovery from the Great Recession continued its inadequate expectations for weakness from insufficient […]

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Dollar’s mixed reaction The Senate Finance Committee had initially planned to vote on their statement this week but generated significant splits between Republicans and Democrats due to last minute changes. The House voted and passed their statement of tax reform bill as expected. This prompted a nominal rally in the greenback because everyone knows that […]

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Dollar’s reversal On Wednesday, Federal Reserve Bank President Charles Evans stated that he is worried about the decline in US inflation expectations and called for the US central bank to respond by indicating the chance of higher inflation in the future. Although, the unemployment rate at 4.1 percent indicates the U.S. economy is at full […]

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Greenback holds the support area Federal Reserve Chairwoman Janet Yellen declared yesterday employing one of the institution’s biggest challenges, acknowledged that the collection of different voices on the central bank’s policy setting committee can be obscuring to the public. Federal Reserve Bank of St. Louis President James Bullard gave remarks on “When will U.S. Inflation […]

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