June 15, 2018
The Euro fell to a two-week low against the United States Dollar as the European Central Bank announced that interest rates are expected to remain at their present levels at least through the summer of 2019.
June 14, 2018
The dollar index fell from a one-week high post the FOMC decision. The Federal Reserve raised the Fed Funds target range from 1.50%-1.75% to 1.75%-2.00%. It is the second time this year where the Fed raises interest rates and the market still anticipates two more rate hikes to come throughout the rest of the year.
June 13, 2018
The dollar rose against its major peers for the third consecutive day ahead of Federal Open Market Committee interest rate decision today. The greenback gained strength after better-than-expected inflation numbers.
June 12, 2018
The greenback soared against its major peers ahead of key economic data. The dollar index which measures the strength of the dollar against a basket of six major currencies, traded at a four-day high to break above the 200-hour simple moving average for the first time in a week.
June 11, 2018
US indices started the week slightly lower as the G7 summit revealed that there is no deal on trade especially between the United States, European Union, and Canada. President Donald Trump issued a series of tweets attacking the Canadian Prime Minister Justin Trudeau on the 10th of June.