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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Greenback rebounds on support In a major step forward for efforts to permit regulations enacted following the 2008 financial crisis, yesterday a group of U.S senators mentioned they had reached an uncertain deal to reduce the number of banks marked systemically risky. The bill would exclude banks with less than $250 billion in assets including […]

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Greenback consolidates against the Canadian dollar During the FOMC meeting in September, they voted to commence the process of unwinding the balance sheet last month. The size of the balance sheet is larger than we have ever seen. The current assets consists the primarily of those Treasuries and MBS while the liability side consists of […]

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Aussie consolidates at the support zone The Reserve Bank of Australia (RBA) announced its latest quarterly report on Monetary Policy including updated projections on GDP growth inflation and unemployment over the next few years. In its previous forecasts, the midpoint had hidden inflation meeting 2% by the end of 2018 yielding to 2.5% during 2019. […]

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Pound gains on dollar sentiment The growth in activity has remained widely stable. Due to the export supply chains supported over the past decline in sterling and some signs of increased domestic sourcing, the manufacturing output growth has increased again. The turnover growth in service sector remained moderate but the construction growth has diminished. As […]

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Greenback dropped against yen According to the current data, the U.S will update its job openings which have been far expanding hiring which is a strong confirmation that the U.S economy is at full employment. Currently, the U.S. President is in South Korea for the second leg of his five-nation Asia trip as the North […]

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Greenback loses its momentum Jerome Powell has been nominated to be the next chair of the Federal Reserve Board. As Janet Yellen has not been the Fed chair long enough for full four years data, so her four-year data includes 3.5 years. Following a Fed chair evolution in the two years, the average growth was […]

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New Zealand Dollar falls sharply New Zealand firms reformed their two-year inflation expectations and also over casted their growth forecasts over again which will probably add to the outlook of central bank restating its rates to remain on hold until 2019. The central bank is authorized to keep its annual consumer price inflation between 1 […]

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