The US dollar had steadied after softening in the North American afternoon yesterday when the dissolution of President Trump's business councils as a series of executives stepped down. The FOMC minutes added more fuel to the move.
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Tag Archive: Australia Participation Rate
The participation rate is an important indicator of the supply of labor. It measures the share of the working-age population either working or looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate.
FX Daily, June 15: Dollar Trades Higher in Wake of the FOMC
The US dollar gains scored yesterday in response to what appeared to be a more hawkish FOMC than expected have been extended today. The euro and the Swiss franc have recorded new lows for the month.
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FX Daily, May 18: Some Respite from US Politics as Sterling Surges Through $1.30
Yesterday's dramatic response to the political maelstrom in Washington is over. The appointment of a special counsel to head up the FBI's investigation into Russia's attempt to influence the US election appears to have acted a circuit breaker of sorts. It is not sufficient to boost confidence that the Trump Administrations economic program is back the front burners, but it is sufficient to stem the time for the moment.
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FX Daily, February 16: Corrective Forces Emerge, Tempering the Dollar’s Rally
The Dollar Index had moved higher for ten consecutive sessions before reversing yesterday's gains to close lower. Yesterday and today's losses have seen the Dollar Index retrace 38.2% of the advance since February 2. That retracement objective was near 100.80. The 50% retracement is found near 100.50 and the 61.8% retracement by 100.20.
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FX Daily, December 15: Greenback Extends Gains on Back of Fed
Sterling has made steady gains against the CHF over the past month and although the spike has levelled this week, the Pound has certainly gained a foothold. Yesterday’s decision by the US Federal Reserve to raise their base rate from 0.25% to 0.5% did little to shift the value of GBP/CHF but with investors still digesting the outcome, we may yet find it still has an effect.
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FX Daily, October 20: ECB Unlikely to Shake Dollar’s Slumber
GBP/CHF rates have fallen dramatically over the past month, as Sterling continues to find itself under pressure against the major currencies. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a straight line and therefore we will see opportunities for those clients holding GBP to take advantage of, even if a sustainable Sterling...
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