recorded losses against most of its major counterparts as it was revealed that positive comments by the European Central Bank (ECB) President Draghi over the past week were not the result of any resolution or plan. Therefore, Thursday’s policy statement by the ECB and the press conference that will follow, are expected to provide a catalyst for either higher highs or lower lows. Versus the US dollar (USD), the single currency rose to 1.2259 from 1.2302.
The US dollar (USD) produced gains versus a basket of currencies ahead of the Federal Open Market Committee (FOMC) statement release due tomorrow. The ADP Employment report and the ISM Manufacturing Purchasing Managers Index (PMI) prints, also due tomorrow, will capture market participants attention. Versus the Canadian dollar (CAD), the US dollar dropped to 1.0015 from 1.0042.
The Australian dollar (AUD) rose to 1.0496 and advanced to 1.0463 versus the US dollar. The British pound (GBP) dropped to 1.5710 from 1.5726 against the greenback, as investors prepare for Thursday’s policy announcements by the Bank of England (BoE).
Oil prices fell to 89.27 from 89.66 dollars a barrel. Gold (XAU) dropped to 1620.94 from 1622.57 US dollars an ounce. Against the euro, gold rose to 1322.96 from 1317.32 euro an ounce. Silver (XAG) advanced to 28.0821 from 27.6430 dollars an ounce. Stay in tune throughout the day with foreign exchange bullets!
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Euro Skepticism Resurfaces
Published 07/31/2012, 03:30 AM
Updated 03/09/2019, 08:30 AM
Euro Skepticism Resurfaces
The euro (EUR)
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