US dollar dips on upcoming meeting of European Central Bank

Posted 25 January, 2018

The Asian session saw a weakening of the US dollar on Thursday before upcoming results of the European Central Bank meeting that are expected to entail fluctuations in the market.

During the session, the US dollar-to-yen rate was recorded at some 109.01 (0.19% down), with Australian dollar posting gains vs the US counterpart to 0.8102. The European currency rose in price by 0.14% to 1.2426 before the meeting of the European Central Bank. Insiders expect ECB will not revise interest rates and the investors are focused on the statements of ECB's head. 

The US Dollar index was seen at 88.79 (0.28%) over the period under review.

The NZD-USD pair improved to 0.7375 driven by the reports of the consumer price index at 0.1% q-o-q in Q4 and 1.6% y-o-y (forecast – 0.4% and 1.9% respectively).

The greenback remained on the downward track vs the majors yesterday depressed by US finance minister's support of its weakening expressed these days.

The sterling-to-US dollar rate has gone up and is about to reach 1.5 recorded before the Brexit. Positive GBP dynamics is related to the optimism brought by bullish employment reports. The data fueled expectations of faster inflation making an increase in interest rate more real. 

Previous story

25 January, 2018 14:36

← Main cryptocurrencies post gains

The main cryptocurrencies have increased in price on Thursday is driven by the fears of crypto trading tightening. Specifically, the Bitfinex recorded bitcoin at $11,320.00 and the Ethereum – $1,071. Ripple changed hands on the Poloinex at $1.33. In the first half of the week, the market witnessed selloff series given Seoul's statement about the ban on anonymous accounts for...

Main cryptocurrencies post gains

Next story

24 January, 2018 17:05

UK economic reports propel GBP rate to 19-month max →

The middle of the week has been marked with the sterling posting a 19-month high vs the US dollar. The hike is related to the release of mostly positive economic reports in the UK. Today the sterling-to-US dollar exchange rate was seen at 1.4093 which is considered to be the top price since June 2016. The driver for the rally is the official reports released on Wednesday. 

UK economic reports propel GBP rate to 19-month max
Write a comment
Prove you’re not a bot + 19 = 24