Fundamental view: Euro traded high against the greenback in this week and reached July high. The US central bank left its monetary policy unchanged which was expected and the economy continued to progress but noted that “substantial further progress” toward the Fed’s goal of stable prices and maximum employment has not yet been achieved. “We [...]
The EUR/USD is on uptrend today and the pair opened higher following the previous day’s upside momentum A venture manager who supports the founders of the ‘open economy’ today announced the new 2021 fund worth $130m (£93m) - the largest in Europe. The fund is backed by $ 30 million from the European Investment Fund [...]
The US dollar is showing pressure by the later insistence from Federal Reserve chairman Jerome Powell that rate increases aren't on the radar, while sterling has been riding higher with re-opening optimism. Yesterday the greenback rose after the release of FOMC decision for a short time and thereafter it has went down into two weak [...]
The USD/JPY market is remaining narrow ahead Fed meeting and Japan Monetary opinions. Market now seems to react to the US Federal Reserve announcement and US economic growth rate which are announced later today. US inflation expectations has been measured by the 10-year breakeven inflation rate, per the St. Louis Federal Reserve (FRED) data. In [...]
