Equity World - Ending the second day forex trading this week a few hours ago, the US Dollar gained more steady and on track for its steepest rise against the euro in more than a month by hawkish comments from Federal Reserve officials and political uncertainty in Europe.
Philadelphia Fed President Patrick Harker said that a rate hike in March is ready to do. Likewise, the Cleveland Fed President Loretta Mester stated interest rate hikes are fit to do at this point if the economy maintains its performance. The political situation in Europe, especially in France that shows a signal victory for the right wing Presidential candidate provides global market fears of impending new problems after Brexit. In addition the rate of the US dollar will also be smoothed by poor fundamentals, especially related to some of its main rivals from the flash report business performance of manufacturing and services by Markit. For a similar report for the US is expected to show a value is mixed with positive data for the manufacturing sector and a negative shadow for his services. The dollar index which shows the strength of the US dollar against many of its main rivals at the end of the American session trading bullish in 101.38, up 0.43 per cent after it opened in the early Asian session and had reached 100.92 101.60 highs and lows in the 100.88 range. read World Oil Prices Rise Despite OPEC member Reduce Production | Equity World
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