18 Jun 2015
Greenback pulled and shoved - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that a continued decline of the American dollar was the theme of the day this Thursday in the Us shift.
Key Quotes:
"...greenback under strong selling pressure ever since the day started".
"The most relevant macroeconomic release of the day was the US CPI that increased less than expected in May, in the day after the Federal Reserve asked for firmer data before rising rates."
"The release has pressured further lower the greenback, albeit mid American afternoon, investors finally began to take some profits of these two-day run. Also in the US, weekly unemployment claims came out better-than-expected at 267,000, but was not enough to neutralize tepid inflation readings."
"In Europe, another failure to reach a deal on Greece, in the Luxembourg EU finance ministers meeting, weighed on the common currency sending the EUR/USD down to its daily lows around 1.1339."
Key Quotes:
"...greenback under strong selling pressure ever since the day started".
"The most relevant macroeconomic release of the day was the US CPI that increased less than expected in May, in the day after the Federal Reserve asked for firmer data before rising rates."
"The release has pressured further lower the greenback, albeit mid American afternoon, investors finally began to take some profits of these two-day run. Also in the US, weekly unemployment claims came out better-than-expected at 267,000, but was not enough to neutralize tepid inflation readings."
"In Europe, another failure to reach a deal on Greece, in the Luxembourg EU finance ministers meeting, weighed on the common currency sending the EUR/USD down to its daily lows around 1.1339."