Fundamental Analysis

Dollar Steadied After Hitting Six-Month Lows

18-May-2017 @ 02:05 PM

The dollar steadied Thursday after hitting six-month lows on the latest bout of political turmoil in the White House.
The dollar index was up 0.26% at 97.59 at 03:00 ET.
The U.S. Justice Department has named a special counsel to probe alleged Russian interference in the U.S. presidential election.
Trump allegedly asked the FBI to drop a probe into former national security adviser Michael Flynn's ties with Russia.
That left Trump open to allegations of obstructing justice, an impeachable offense.
The latest political maelstrom has thrown into doubt the administration's ability to deliver on its economic agenda.
The market odds of a

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Dollar hits at Six-Month Lows

17-May-2017 @ 01:33 PM - The dollar was at six-month lows Wednesday as Donald Trump found himself embroiled in another political brouhaha.
The dollar index was off 0.31% at 97.80 at 03:00 ET, giving up all of the gains posted in the wake of Trump's election win in November. 
The New York Times reported Trump allegedly asked former FBI chief James Comey to end a probe into sacked national security adviser Michael Flynn's ties with Russia.
That could expose Trump to allegations of obstruction of justice which is an impeachable offense. The Trump administration denied the report.
Concerns lie in the extent to which the

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Euro at six month highs, Trump concerns hit dollar

16-May-2017 @ 04:43 PM - The euro rose to the highest levels since November on Tuesday, while the dollar was broadly lower amid fresh concerns over the Trump administration following reports the U.S. president revealed classified information to Russia last week.

EUR/USD was up 0.63% to 1.1043 by 09.38 GMT, the strongest level since November 9.

Demand for the euro has been underpinned as investors shifted their attention back to the outlook for monetary policy as concerns over political risks receded after centrist Emmanuel Macron was elected France's president over far-right nationalist Marine Le Pen last week.

Data on Tuesday confirmed that the euro area economy grew by 0.5% in the

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Dollar starts week under shadow of underwhelming data

15-May-2017 @ 12:20 PM

TOKYO (Reuters) - The dollar started the week on the defensive on Monday, after U.S. economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe-haven yen.

The dollar index, which tracks the greenback against a basket of six major rivals, was slightly lower on the day at 99.226 (DXY)

The dollar slipped 0.1 percent against its Japanese counterpart to 113.28 yen.

On Monday, North Korea said it had successfully conducted a newly developed mid-to-long range missile test on Sunday, supervised by leader Kim Jong Un and aimed at verifying the capability to carry

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Dollar falls after Trump fires FBI director

11-May-2017 @ 03:46 PM – The dollar traded roughly flat against a basket of major currencies on Wednesday, as investors reacted negatively to President Trump’s decision to fire FBI Director James Covey.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.01% to 99.46 by 12:52 EDT.

In what was a quiet day for top-tier economic data release, investors questioned whether Trump’s abrupt dismissal of FBI Director, James Comey, could prove a distraction and delay the Trump administration’s economic agenda.

The New York times reported that days before he was fired, Comey asked the Justice Department for additional

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