23 Mar 2015
A rough day for the dollar - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that it was a rough day for the greenback, as the American currency continued to march south across the board.
Key Quotes:
"Earlier with the European opening, the dollar advanced some, but quickly attracted selling interest that sent the EUR/USD pair up to 1.0953. From the fundamental front, US Existing Home sales increased modestly in February, up 1.2%, missing expectations of a 1.8% growth."
"ECB's President Mario Draghi gave testimony in Brussels before the European Parliament's Economic and Monetary Affairs Committee, diminishing fears the ongoing quantitative-easing plan will be hampered by a shortage of bonds available to buy, concerns that arose late last week."
"Finally, FED's Vice Chair Stanley Fischer said the US Central Bank is "widely expected" to begin raising rates, but the comment failed to help the dollar."
Key Quotes:
"Earlier with the European opening, the dollar advanced some, but quickly attracted selling interest that sent the EUR/USD pair up to 1.0953. From the fundamental front, US Existing Home sales increased modestly in February, up 1.2%, missing expectations of a 1.8% growth."
"ECB's President Mario Draghi gave testimony in Brussels before the European Parliament's Economic and Monetary Affairs Committee, diminishing fears the ongoing quantitative-easing plan will be hampered by a shortage of bonds available to buy, concerns that arose late last week."
"Finally, FED's Vice Chair Stanley Fischer said the US Central Bank is "widely expected" to begin raising rates, but the comment failed to help the dollar."