DJIA28015.06
LIVE337.27(1.22%)
NDX8397.37
LIVE88.97(1.07%)

EUR/USD Moves to Session Tops Beyond 1.1500


Thursday, 31 January 2019 16:41 WIB

EuroEUR/USD


c_740_198_16777215_00_images_assets_CURRENCY2_0euro-1024-6.jpg

The sharp sell-off in the greenback is lifting EUR/USD back to levels beyond 1.1500 the figure today, recording at the same time new multi-day peaks.

Spot has gathered extra steam on Wednesday following the FOMC event, where Chief J.Powell sounded more dovish than expected.

In fact, the Federal Reserve now looks more patient regarding its tightening cycle. The Committee will now consider domestic data as well as overseas fundamentals when comes to adjust its monetary policy conditions, expecting to see at the same time a better tone in risk sentiment and higher inflation.

The greenback quickly dropped to fresh 3-week lows in the wake of the FOMC gathering and is now threatening to extend the pullback to the 95.00 neighbourhood.

In the data space, German Retail Sales contracted at a monthly 4.6% during December, missing consensus. Spanish flash inflation figures now see consumer prices contracting 1.3% MoM in January and rising 1.0% from a year earlier. Later in the day EMU’s advanced Q4 GDP figures are also due.

Source : FX Street


RELATED NEWS

  • The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end ...
  • AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia. Australia’s October month Trade Balance slipped be...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.